Payment Option ARM Calculator

Loan Amount: $ Start Rate1: %

Current Index: % Margin: %

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.

---

Circle Mortgage Corporation -

 CORPORATE OFFICE

6600 TAFT STREET, 4TH FLOOR

HOLLYWOOD, FLORIDA  33024

 (800) 576-1338 Toll Free     (954) 981-6800 Broward

(954) 981-6804 Fax

 (305) 893-3114 DADE      (561) 865-3110  Palm Beach

(800) 576-4144 Toll Free  Orlando   

(407) 855-2750  Orlando

Se Habla Espanol!

WE LEND THROUGHOUT THE ENTIRE STATE OF FLORIDA

     

© 2008 Myers Internet, Inc. All Rights Reserved

Powered by: Myers Internet, Inc. | Admin Login