Mortgage Calculators  // Interest Rates   ///  Home Loan Programs  /// Explained

Mortgage Info | Mortgage Calculators | Mortgage Rates | Mortgage Loan Programs | Mortgage Quotes | Mortgage Blog | Contact 

Mortgage Info > Mortgage Calculators > 3/27 Adjustable Rate Mortgage Calculator 

3/27 Adjustable Rate Mortgage Calculator

3 / 27 Adjustable Rate Mortgage Calculator* - Calculate the monthly payments for a 3 year ARM loan and view how much the first loan adjustments will be.  A 3 yr ARM has fixed mortgage payments for first 3 years of the loan, then becomes an adjustable rate mortgage. 3/27 adjustable rate mortgages allow you to accustomed to making a lower mortgage payment and help you qualify for a larger loan amount due to lower mortgage rates. This 3 year adjustable rate mortgage calculator displays worst case scenario of the 3 year fixed mortgage as principal pay-down is not calculated. All loan options assume a 6% lifetime interest rate cap. 

Mortgage Calculator 3 Year Adjustable Mortgage Calculator Instructions

Step 1: Enter Your Estimated Adjustable Rate Mortgage Loan Amount
Step 2: Enter Your 3/27 ARM Loan Start Rate & Loan Amortization Type
Step 3: Click "Calculate 3/27 Adjustable Rate Mortgage Loan"

Add to Favorites   Email to a Friend | Digg | Y! |

3 / 27 Adjustable Rate Mortgage Calculator ///
Loan Amount  
Starting Interest Rate
Max. Adjustments
3 / 27 Adjustable Rate Mortgage Calculator Results ///
Max. Adjustments Monthly Payment Monthly Increase Increase as a Percentage  Mortgage Rate Loan Amortization
Initial 36 Months % % Mths
First Adjustment % % Mths
Second Adjustment % % Mths
Third Adjustment % % Mths
Fourth Adjustment % % Mths
Fifth Adjustment % % Mths
Add to Favorites   Email to a Friend | Digg | Furl | Y!
3 / 27 ARM Loan Adjustment Summary ///
This mortgage calculator assumes a worst case scenario for a 3 year adjustable rate mortgage. For this worst case scenario to take place, your 3 year ARM loan's "Index" will need to increase by at least Label % at each one of the Label month adjustments. Here is the definitions of each field:

Monthly Payment: Based on a loan amount of Label and an start rate of Label%  your monthly payments would be Label. This field indicates the new maximum monthly payment after each interest rate adjustment and represents your worst case scenario. These payments do not include property taxes, homeowners insurance or PMI (private mortgage insurance) if applicable. 

Monthly Difference: This displays the difference in monthly payments from the initial starting monthly payments of Label and the worst case scenario payment of Label at the first payment adjustment and the four following adjustments. Based on the information you provided, in Label months your montly payment would increase by a maximum of  Label per month.

% Increase: This indicates the increase in monthly  payments as a percentage amount over the inititial starting monthly payments. In this scenario, assuming a worst case, your payments would increase by Label % over your intitial monthly payments of Label.

Mortgage Rate: Your initial mortgage start rate is Label %. Based on your selections, the maximum interest rate at the time of the first loan adjustment in Label months would be Label %. Typically most 3 / 27 adjustable rate mortgages have a maximum 6% life time cap for the mortgage which would be Label %. 

Loan Amortization: This indicates the amortization schedule of your 3 / 27 adjustable rate mortgage. You are beginning with a 30 year mortgage. At your first payment adjustment in 24 months, your mortgage payment is based on a Label years fully amortized loan wtih an interest rate of Label%. At your second adjustment, your loan is calculated on a on Label year full amortized loan at the new higher mortgage rate. At each loan adjustment, your amortization schedule gets progressively shorter, thereby increasing the monthly payments.

Adjustable Rate Mortgage Calculator Disclosure* - The information provided by this 3 year ARM calculator on or through this site is for purposes of general consumer education only and is not intended as a substitute for advice from a qualified professional, such as, but not limited to, a lawyer, mortgage broker, accountant, investment advisor, insurance broker, financial planner, real estate agent or home inspector. We can not and do not guarantee the accuracy or the applicability of this information to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance and real estate issues.


Mortgage Info  ///
Mortgage Info

Mortgage Calculators
- Mortgage Payment Calculator
- Refinance Calculator
- FHA Loan Calculator
- Mortgage Calculator
- Mortgage Comparison Calculator
- FHA Down Payment Calculator
- Down Payment Calculator
- Amortization Schedule Calculator
- FHA Mortgage Insurance
- Mortgage APR Calculator
- Amortization Comparison Calculator
- Household Budget Calculator
- Pre-Payment Penalty Calculator
- Real Estate Equity / LTV Calculator
- PMI Calculator
- Prequalification Calculator
- Mortgage Qualifying Calculator
- ARM Mortgage Calculator
- 2/28 ARM Mortgage Calculator
- 3/27 ARM Mortgage Calculator
- 5/25 ARM Mortgage Calculator
- 7/23 ARM Mortgage Calculator
- 15 Yr Mortgage Calculator
- 20 Yr Mortgage Calculator
- 25 Yr Mortgage Calculator
- 30 Yr Mortgage Calculator
- 40 Yr Mortgage Calculator
- 45 Yr Mortgage Calculator
- 50 Yr Mortgage Calculator
- Mortgage Rate Calculator
- Interest Only Mortgage Calculator
- Piggy Back Mortgage Calculator
- Pay Option ARM Calculator
- Blended Mortgage Rate Calculator
- Equity Growth Calculator
- VA Loan Calculator
- Debt to Income Ratio Calculator
- Mortgage Calculator with Taxes

- Home Loan Calculator
Interest Rates
Loan Programs
Mortgage Rate Quotes
Mortgage Blog

Add to Favorites  
Email to a Friend | Digg | Y!
Mortgage Quote Comparison Use this tool to compare your mortgage quotes to determine which is offering the best combination of mortgage rates and loan fees.

Mortgage Info > Mortgage Calculators > 3/27 Adjustable Rate Mortgage Calculator
Mortgage Info | Mortgage Calculators | Mortgage Rates | Mortgage Programs | Mortgage Quotes | Mortgage Blog | Contact
Mortgage Refinance Information | Buying a Home | No Money Down | Bad Credit Mortgages | First Time Buyers
Mortgage © 2012. All Rights Reserved. Equal Opportunity Lender.