Adjustable Rate Mortgage Payment Example |
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| ADJUSTABLE RATE MORTGAGE TYPE |
LOAN AMOUNT |
SAMPLE RATE |
NUMBER OF PAYMENTS |
PRINCIPLE & INTEREST PAYMENTS |
| 1/1 YEAR |
$150,000.00 |
4.500% |
360 |
$760.03 |
| 3/1 YEAR |
$150,000.00 |
4.875% |
360 |
$793.81 |
| 5/1 YEAR |
$150,000.00 |
5.250% |
360 |
$828.31 |
| 7 YR BALLOON |
$150,000.00 |
5.750% |
360 |
$875.36 |
The above information is intended to give you an example of the monthly payments on an Adjustable Rate Mortgage. Your actual rate and monthly payments will vary depending on current rate, loan amount and other factors. Please contact a Mortgage Specialist for your personalized payment quote. Rates are subject to change without notice. Community Financial is an Equal Housing Lender.
| Call (734) 453-1200 or toll free (877) 937-2328 for details. |
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