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.

I've seen several loan calculators that include other fees (taxes, insurance, PMI, HOA, etc...) in the calculation. I have intentionally left them out because they are subject to change frequently and mess up the schedule. If necessary, adjust your payment accordingly.



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