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.

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Allied Home Mortgage Capital - 2161 Lexington Road, Suite 8 - Richmond, KY 40475
Richmond Phone: (859) 624-1442 Lexington Phone: (859) 263-2008 Toll Free Phone: (866) 826-7789
Toll Free Fax: (877) 826-2564 Richmond Fax: (859) 624-1429 Lexington Fax: (859) 263-1007

Allied Home Mortgage Capital Corporation is the largest U.S. privately held mortgage banker/mortgage broker, with hundreds and hundreds of offices in 50 states and the Virgin Islands. Allied is approved with hundreds of investors with several thousand programs and innovative partnerships have allowed it to deliver customized products to each borrower. Combined with the energy of branch managers who have the freedom to respond to local market conditions, Allied has experienced sequential double-digit growth since it was founded in 1991.  Our home office is located at 6110 Pinemont Drive, Houston, Texas 77092.  Phone (713) 353-0400.

NMLS#MC22368 

Allied provided website: www.mortgageasap.com/ky/2866

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