Adjustable Rate Mortgage (A.R.M.) Calculator
Calculate the monthly payments for an adjustable rate mortgage (A.R.M.) loan. Note that this calculator is designed to show you the worst case scenario or maximum possible payout for an A.R.M., which is not likely to actually happen. The calculator has the interest rate always go up after the minimum length between steps and it always goes up the maximum step percent until the interest rate reaches the maximum. Enter your sale price and any down payment you're making. Then enter the initial fixed interest rate and the guaranteed fixed rate length, the maximum interest rate adjustment and the minimum length of time between adjustments, and the maximum interest rate for the loan. Also enter the length of the entire loan. This calculator will then show you the initial fixed rate monthly principal and interest payment, your maximum monthly principal and interest payment, the total amount of interest you will pay and the total amount of money you will spend over the life of the loan. You can also enter the points and other closing costs and roll those into your loan. You can even enter an additional payment amount you intend to pay each month to work down your principal and the calculator will show you the anticipated payoff time. You can display and/or print the amortization schedule for your loan.
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Popup
Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.
<script language="JavaScript" type="text/javascript">
<!--
//Adjustable Rate Mortgage (A.R.M.)
function ARM()
{
window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/ARM.asp?AcctNum=1', '_blank', 'width=640,height=785,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<i>Payment Calculators</i><br>
<a href="javascript:ARM();">Adjustable Rate Mortgage (A.R.M.)</a><br>
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Embedded
Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.
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<iframe src="http://www.webcalcsolutions.com/Mortgage-Calculators/ARM.asp?AcctNum=1" width="640" height="785" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Mortgage-Calculators/Catalog.asp" target="_blank">Adjustable Rate Mortgage (A.R.M.) Calculator</a></iframe>
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Customizable Field Values
You can customize the following field values for this calculator. When the calculator runs it will have
the values you set for these fields. It is important to use your Account Number instead of 1
as shown in this example.
Adjustable Rate Mortgage (A.R.M.) Calculator's
Customizable Fields |
| Screen Name |
Parm Name |
Parm Value Used in this Example |
| Title |
Title |
Mr. & Mrs. O'Riley |
| Lender |
Lender |
AAA Money Lenders |
| Sale Price |
SalePrice |
160,000.00 |
| Down Payment |
DownPmt |
8,000.00 |
| Initial Interest Rate |
InitRate |
5.2 |
| Length of Initial Fixed Rate |
InitLen |
36 |
| Years/Months (drop-down) |
InitLenPrd |
Months |
| Maximum Interest Rate Step |
MaxStep |
0.2000 |
| Minimum Length Between Steps |
IntStepLen |
15 |
| Years/Months (drop-down) |
IntStepLenPrd |
Months |
| Maximum Interest Rate |
MaxRate |
8.8 |
| Length of Loan |
Length |
360 |
| Years/Months (drop-down) |
LengthPrd |
Months |
| Additional Principal |
AddPrin |
100.00 |
| Points |
Points |
1.0 |
| Points Roll into Loan (checkbox) |
RollPoints |
True |
| Other Closing Costs |
ClosingCosts |
3,500.00 |
| Other Closing Costs Roll into Loan (checkbox) |
RollClosing |
True |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Adjustable Rate Mortgage (A.R.M.)
function ARM()
{
window.open('http://www.webcalcsolutions.com/Mortgage-Calculators/ARM.asp?AcctNum=1&' +
'Title=Mr. %26 Mrs. O%27Riley&Lender=AAA Money Lenders&SalePrice=160,000.00&' +
'DownPmt=8,000.00&InitRate=5.2&InitLen=36&InitLenPrd=Months&MaxStep=0.2000&' +
'IntStepLen=15&IntStepLenPrd=Months&MaxRate=8.8&Length=360&LengthPrd=Months&' +
'AddPrin=100.00&Points=1.0&RollPoints=True&ClosingCosts=3,500.00&' +
'RollClosing=True',
'_blank',
'width=640,height=785,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:ARM();">Adjustable Rate Mortgage (A.R.M.)</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Our examples have special characters (& or ') that must be encoded
to be interpreted properly by the browser. If the customized text you want to use
has any of these characters (&, ' [apostrophe or single-quote],
#, ?, ", \ or %) we have provided this Encode
tool so you can see how to type it into your script. Enter your customized text
then select 'Encode'. The encoded text will show up in the lower box and can be
copied and pasted directly into your script.
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