Polly has earned prestigious CRS and GRI professional designations, and San Jose Magazine included Polly in its TOP 5% REALTORS IN SILICON VALLEY!
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Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep...
Adjustable Rate Mortgage Calculator
Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.
Definitions
Mortgage amount
Original or expected balance for your mortgage.
Starting interest rate
Initial annual interest rate for this mortgage.
Term in years
The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Interest rate cap
This is the highest interest rate allowed by your mortgage. Your actual interest rate will not be adjusted above this rate.
Expected adjustment
The amount you believe that your mortgage's interest rate will change. This amount will be added to or subtracted from your interest rate.
Months between adjustments
The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year.
Starting monthly payment
Monthly principal and interest payment (PI) based on your beginning balance and starting interest rate.
Total payments
Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest
Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.
The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Jim & Polly Eagle, GRI, CRS, and Teri Fortino Coldwell Banker Residential Real Estate 950 Tennant Station Morgan Hill CA 95037 Eagle/Fortino Office: 408 778-6499 Toll Free: 888 778-6499 Cell: 408 718-7712 Fax: 408 778-7851 Eagle/Fortino email:: jpeagle@garlic.com
The Eagles are in the top 1% of the 60,000 Coldwell Banker agents nationwide. Both are associated with Coldwell Banker Real Estate, a large international firm and the largest real estate firm in the United States. The Eagles have combined real estate experience of more than 50 years and use every up-to-date tool to assist their customers and clients. Polly is
GRI, CRS certified and a Relocation Specialist. Highly equipped to guide you through all of your real estate needs, don't hesitate to call or email them!
www.jpeagle.com is brought to you by
Jim and Polly Eagle NUMBER1EXPERTS™ in real estate for
Morgan Hill, San Martin and Gilroy, California
- NUMBER1EXPERTS™ 
