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The monthly payment at 8.490% APR for a term of 12 months would require payments of approximately $87.22/month, per $1,000 borrowed. APR=Annual Percentage Rate, subject to change. Rate is based on individual creditworthiness and term of the loan. The use of this calculator does not imply nor guarantee loan terms nor approval of financing.

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Can I refinance an ARM to a fixed-rate mortgage?

Can I refinance an ARM to a fixed-rate mortgage?

How can I determine if an ARM is right for me?

Is there a prepayment penalty on an ARM?

Are there limits on how much the interest rate can change?

What factors determine how the ARM interest rate adjusts?

What are the risks with an ARM loan?

What are the benefits of an ARM?

What are the initial and adjustment periods?

What are the common terms for ARMs?

How does an ARM differ from a fixed-rate mortgage?