MORTGAGE LOAN - Option Arm Calculator

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Payment Option ARM Calculator

Loan Amount:	$
Start Rate¹:		%

Current Index:		%
Margin:		%

	30 Yr Monthly Payment	Minimum Payment²	Monthly Savings³
Year 1	$0.00	$0.00	$0.00
Year 2	$0.00	$0.00	$0.00
Year 3	$0.00	$0.00	$0.00
Year 4	$0.00	$0.00	$0.00
Year 5	$0.00	$0.00	$0.00

Other Payment Options
Interest Only Payment:	$2,134.17
40 Year Payment:	$0.00
15 Year Payment:	$0.00

Effective Interest Rate⁴ (Index + Margin): 5.122%

Assumptions:

¹ The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.

² Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.

³ The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.

⁴ The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.

Landmark Mortgage Lending, Inc. - 204 Lithia Pinecrest Rd. - Brandon, FL 33511
Office Phone: (813) 655-7272 Fax: (813) 655-7251

WE MAKE LOANS, NOT EXCUSES !!!

CALL FOR AN EASY NO HASSLE FREE LOAN COMMITTMENT TODAY !!!!

LOWEST COST & LOWEST RATES

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ERA Goff & Associates Realtors

www.GoffandAssociates-Realtors.Com

http://www.zillow.com/profile/glenngoff?scrnnm=glenngoff

Serving the Entire Tampa Bay Area, all of Hillsborough County, Tampa, Carrollwood,New Tampa,Thonotosassa,Temple Terrace,Seffner,Dover,Brandon,Valrico,Riverview,Apollo Beach,Ruskin,Wimauma,Keysville,Durant,Valrico,Plant City, Pinellas County, Pasco County, Polk County, Manatee County and Florida Coast to Coast.