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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.



Golden Mortgage, Inc. - P.O. Box 857 - Morgantown, PA 19543
Office Phone: (610) 913-0885 Fax: (610) 913-1334


Call us or email us at info@goldenmortgageinc.com for all of your Pennsylvania mortgage and refinance needs. 

Servicing all counties in the state of Pennsylvania including: Chester County, Berks County, Lancaster County, Delaware County, Montgomery County, Bucks County, Philadelphia County, Lebanon County, Lehigh County, York County, Schuylkill County, North Hampton County, Carbon County, Monroe County, Luzerne County, Pike County, Lackawanna County, Wayne County, Susquehanna County, Wyoming County, Bradford County, Dauphin County, Northumberland County, Columbia County, Sullivan County, Adams County, Cumberland County, Perry County, Juniata County, Mifflin County, Snyder County, Union County, Lycoming County, Tioga County, Potter County, Clinton County, Centre County, Huntingdon County, Fulton County, Franklin County, Allegheny County, & Erie County just to name a few.

You do not need to come to our office for closing.  We will coordinate closing in an office near you.  Every effort will be made to make obtaining your PA mortgage or refinance as smooth and convenient as possible. 

Licensed by the PA Department of Banking

 



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