Payment Option Arm Calculator

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.

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Real Estate One Symphony Homes, a member of the Symphony Homes family of companies, offers full real estate brokerage, Realtor, and agent services in the following areas: GENESEE COUNTY, LAPEER COUNTY, OAKLAND COUNTY, MICHIGAN, ATLAS, BURTON, CLIO, DAVISON, FENTON, FLINT, FLUSHING, GOODRICH, GRAND BLANC, MONTROSE, MUNDY, RICHFIELD, AND SWARTZ CREEK. Real Estate One Symphony Home services are also provided in LAPEER, CLARKSTON, HOLLY, LAKE ORION, LINDEN, NOVI, OXFORD, PONTIAC, ROCHESTER, ROCHESTER HILLS, TROY, AND WATERFORD. Copyright 2001 - 2007 Preferred Mortgage and Real Estate One Symphony Homes. Be sure to ask about our revolutionary TRADE IN PROGRAM! That's right, now you can TRADE IN YOUR OLD HOUSE FOR A BRAND NEW SYMPHONY HOME! Call (810) 658-3600, (810) 603-3077, (810) 654-0900, or (810) 636-3888 for more information. NEW HOMES ON OUR LOT OR YOURS! Symphony Homes is a new homes Michigan builder in Genesee and Oakland County currently building in several new home communities including Burton, Davison, Goodrich, Grand Blanc, Holly, and Lake Orion! New home styles feature single family detached homes and condominiums. Complete loan and financing services are now available through our mortgage partner, PREFERRED MORTGAGE (home of LOAN JOHN). Call (810) 654-2525 to speak with one of our mortgage experts! Symphony Homes is proud to be a REAL ESTATE ONE affiliate! SEARCH THE MLS for all homes in the state of Michigan by accessing the MULTIPLE LISTING SERVICE directly from this site! The Home of Loan John, Real Estate One, and Symphony Homes are proud to be part of the Symphony Homes family of companies! Also, be sure to visit THE VALUE PLAY for powerful real estate software, audio CDs featuring author Steve Berges, and business, real estate, and legal forms! Tired of paying high gas prices? Then be sure to visit THE GAS SAVER to learn how you can begin saving $$$ now!

Payment Option ARM Calculator