How much will my adjustable rate payments be?

This tool calculates your monthly payment for an adjustable-rate mortgage (ARM) loan, given a loan amount and loan terms. Payments on an adjustable-rate mortgage are fixed for an initial period and are usually adjusted annually after the initial period. For example, a 3/1 ARM loan would have a fixed rate for the first three years and be readjusted once a year thereafter.

The interest rate on an adjustable-rate mortgage loan is usually reset on the loan's anniversary date. To calculate the new rate, a spread, or margin, is added to a widely used index rate.

Adjustable-rate mortgage loans usually have a periodic and lifetime cap that limit how much the interest rate can change in one period and the maximum interest rate during the lifetime of the loan, respectively.

Estimate your FICO Score range

Answer 10 easy questions to get a free estimate of your FICO Score range

740 - 790
Estimate for Free