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Loan Summary

Number of Payments
60
Monthly Payment
$415.17
Total Principal Paid
$22,000.00
Total Interest Paid
$2,910.03
Total Paid
$24,910.03
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Mortgage Rates

Criteria: 5/1 ARM Mortgage, $22,000 purchase, Zip Code 94105, All Points, Credit Score 740+, 20% down payment
Raymond James Bank, NA
$92.75
per month
APR: 3.396%
Rate: 3.000%
Caps: 5/2/5
Wed Nov 19
Fees: $1265
Points: 0
45 day rate lock
HSBC Bank USA, N.A.
$94.24
per month
APR: 3.181%
Rate: 3.125%
Caps: 5/2/5
Wed Nov 19
Fees: $704.5
Points: 0
60 day rate lock
Bank of America
$92.75
per month
APR: 3.338%
Rate: 3.000%
Caps: 2/2/6
Wed Nov 19
Fees: $1186
Points: 0
45 day rate lock
Rates were collected by Bankrate.com on the dates specified. Rates are subject to change without notice and may vary from branch to branch. APR and Payment examples shown do not include amounts for taxes and insurance premiums. The monthly payment obligation will be greater if taxes and insurance are included. These quotes are from banks, thrifts, and brokers, some of whom have paid for a link to their own Web site, where you can find additional information. Many lenders have different rates on their own Websites than those posted on Bankrate.com. Please identify yourself as a Bankrate consumer to lenders to ensure you get the Bankrate.com rate. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the lender you choose, please click here.

Yearly Amortization Schedule

PaymentsYearly TotalPrincipal PaidInterest PaidBalance
Year 1 (1-12)$4,982.01$3,972.22$1,009.79$18,027.78
Year 2 (13-24)$4,982.01$4,175.44$806.56$13,852.34
Year 3 (25-36)$4,982.01$4,389.07$592.94$9,463.28
Year 4 (37-48)$4,982.01$4,613.62$368.39$4,849.66
Year 5 (49-60)$4,982.01$4,849.66$132.35$0.00
Totals$24,910.03$22,000.00$2,910.03

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