3/1 ARM Calculator

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3/1 ARM Calculator

Enter the Loan Amount, total # of Months and the Interest Rate for each of the annual terms,
then press the Payment button under the Monthly Payment field.
Loan
Amount		# of
Months		Interest Rate
(Decimal)
Canadian
Year
Monthly
Payment
(Principal & Interest)
$1-3 %
   4 %
   5 %
   6 %
 7+ %		$
$
$
$
$

First Payment Due

You'll pay a total of $ (P&I) over the life of this loan.

View detailed schedule.
View schedule with year-end annual totals only!

Note: To view the schedule, all input fields must contain a value.


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  • Canadian Mortgages
    If you have a Canadian mortgage, check the "Canadian" box under the Interest Rate field. Canadian mortgages compound interest twice annually instead of monthly.

Note:
  • The interest rate is compounded monthly - as is the case for most U.S. loans. If Canadian is checked, interest is compounded twice annually.




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