Adjustable-Rate Mortgage Analyzer | Financial Calculators for 1stSource Bank

Home Information

Home purchase price

Down payment

Annual property tax

Monthly HOA dues

Annual home insurance

Loan Information

Loan term (years)

Interest rate

Adjustment Terms

Annual rate adjustment

Years to 1st adjustment

Adjustment period

Maximum interest rate

Minimum interest rate

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Initial Payment Information

Loan Amount

Principal & Interest

Property Taxes

Insurance

HOA Fees

Total Payment

Monthly Payments by Year
Year	Principal and Interest	Taxes	Insurance	HOA
1	$ 1,051.09	$ 208.33	$ 156.25	$ 150.00
2	$ 1,051.09	$ 208.33	$ 156.25	$ 150.00
3	$ 1,051.09	$ 208.33	$ 156.25	$ 150.00
4	$ 1,084.42	$ 208.33	$ 156.25	$ 150.00
5	$ 1,118.30	$ 208.33	$ 156.25	$ 150.00
6	$ 1,152.73	$ 208.33	$ 156.25	$ 150.00
7	$ 1,187.69	$ 208.33	$ 156.25	$ 150.00
8	$ 1,223.19	$ 208.33	$ 156.25	$ 150.00
9	$ 1,259.20	$ 208.33	$ 156.25	$ 150.00
10	$ 1,295.72	$ 208.33	$ 156.25	$ 150.00
11	$ 1,332.73	$ 208.33	$ 156.25	$ 150.00
12	$ 1,370.23	$ 208.33	$ 156.25	$ 150.00
13	$ 1,408.21	$ 208.33	$ 156.25	$ 150.00
14	$ 1,446.65	$ 208.33	$ 156.25	$ 150.00
15	$ 1,485.53	$ 208.33	$ 156.25	$ 150.00
16	$ 1,524.86	$ 208.33	$ 156.25	$ 150.00
17	$ 1,564.62	$ 208.33	$ 156.25	$ 150.00
18	$ 1,604.79	$ 208.33	$ 156.25	$ 150.00
19	$ 1,645.37	$ 208.33	$ 156.25	$ 150.00
20	$ 1,686.34	$ 208.33	$ 156.25	$ 150.00
21	$ 1,727.69	$ 208.33	$ 156.25	$ 150.00
22	$ 1,769.41	$ 208.33	$ 156.25	$ 150.00
23	$ 1,811.48	$ 208.33	$ 156.25	$ 150.00
24	$ 1,853.90	$ 208.33	$ 156.25	$ 150.00
25	$ 1,896.66	$ 208.33	$ 156.25	$ 150.00
26	$ 1,939.73	$ 208.33	$ 156.25	$ 150.00
27	$ 1,983.12	$ 208.33	$ 156.25	$ 150.00
28	$ 2,026.81	$ 208.33	$ 156.25	$ 150.00
29	$ 2,070.79	$ 208.33	$ 156.25	$ 150.00
30	$ 2,115.04	$ 208.33	$ 156.25	$ 150.00

Monthly Payments by Year
Year	Principal and Interest	Taxes	Insurance	HOA
1	1051.09	208.33	156.25	150.00
2	1051.09	208.33	156.25	150.00
3	1051.09	208.33	156.25	150.00
4	1084.42	208.33	156.25	150.00
5	1118.30	208.33	156.25	150.00
6	1152.73	208.33	156.25	150.00
7	1187.69	208.33	156.25	150.00
8	1223.19	208.33	156.25	150.00
9	1259.20	208.33	156.25	150.00
10	1295.72	208.33	156.25	150.00
11	1332.73	208.33	156.25	150.00
12	1370.23	208.33	156.25	150.00
13	1408.21	208.33	156.25	150.00
14	1446.65	208.33	156.25	150.00
15	1485.53	208.33	156.25	150.00
16	1524.86	208.33	156.25	150.00
17	1564.62	208.33	156.25	150.00
18	1604.79	208.33	156.25	150.00
19	1645.37	208.33	156.25	150.00
20	1686.34	208.33	156.25	150.00
21	1727.69	208.33	156.25	150.00
22	1769.41	208.33	156.25	150.00
23	1811.48	208.33	156.25	150.00
24	1853.90	208.33	156.25	150.00
25	1896.66	208.33	156.25	150.00
26	1939.73	208.33	156.25	150.00
27	1983.12	208.33	156.25	150.00
28	2026.81	208.33	156.25	150.00
29	2070.79	208.33	156.25	150.00
30	2115.04	208.33	156.25	150.00

Adjustable rate mortgages typically offer home buyers the advantage of having a lower mortgage payment during the initial period of the mortgage. Adjustable rate mortgages are generally offered on a 1, 3, 5 or 7-year basis. Once the initial period expires, the mortgage rate will reset at then current interest rate levels. Depending on the direction interest rates are taking, these resets can result in higher or lower monthly payments to the borrower. This adjustable rate mortgage analyzer will help you understand the implication of your adjustable rate terms by showing what your monthly payment will be under different scenarios.