Compare your monthly payment based on different scenarios.
Adjustable-rate mortgages (ARMs) typically provide a lower mortgage payment during the initial period of the mortgage and are offered for 1, 3, 5 or 7 years. Once the initial period expires, the mortgage rate will reset at the current interest rate levels. Depending on market factors, these resets can result in higher or lower monthly payments. This calculator will help you understand the implication of your terms.
The calculators found on this page are for information purposes only. While the results of the calculators may be generally accurate, the results do not reflect any specific Credit Union accounts, loans or other products or services and may not exactly match the calculation methods used by the Credit Union (or any third party) for accounts, loans or other products or services. These calculators should be used only for general informational purposes and should not be relied on for any specific transaction.