World class financial calculations at your fingertips.
Calculators-Financial.com
This calculator computes the estimated payments and interest for an adjustable rate loan, where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap.
Home price
Down payment
%$
Loan term
MonthsYears
Beginning interest rate
Rate cap (Life rate cap)
Maximum amount the rate will increase at the first interval
Maximum amount the rate will increase at each subsequent interval
Number of months before the first rate increase
Number of months between subsequent rate increases
Show payment schedule
Your initial payment will be $1,296.72.
$350,000.00
20.000 %
Beginning payment
$1,296.72
3.750 %
Interest compounding
Monthly
Total amount financed
$280,000.00
Total payments
$650,588.70
Total finance charge
$370,588.70
APR
6.355 %
Calculator tips
The APR calculation above does not include the effects of points, fees, or private mortage insurance (PMI).
Calculator disclaimer
The information provided by these calculators is for illustrative purposes only. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. The calculated results are intended for illustrative purposes only and accuracy is not guaranteed.
Presented by TimeValue Software ©2008
Now you can get the full functionality of these calculators added to your website.