Adjustable Rate Payment Calculator

Financial Calculators

Calculator

Financial Calculators

1st Source wants to help you make financial decisions that are right for you. That's why we're providing easy-to-use planning calculators to assist you with your financial goals.

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Adjustable Rate Loan Payment Calculator

Calculate estimated payments and interest for an adjustable rate loan, assuming a worst case scenario where the rate increases by the maximum amount allowed at each interval until it reaches the rate cap. Actual payment amounts depend on the true interest rate, which may go up or down at each interval.

Principal amount: $

Down payment amount: $

Number of months:

Beginning interest rate: %

Rate cap (Life rate cap): %

Maximum amount the rate will increase at the first interval: %

Maximum amount the rate will increase at each subsequent interval: %

Number of months before the first rate increase:

Number of months between subsequent rate increases:

Initial Payment Amount:

$658.60

Financial Details:

Principal Amount: $100,000.00

Initial Payment Amount: $658.60

Total Amount Financed: $100,000.00

Total Payments: $281,315.51

Total Finance Charge: $181,315.51

APR: 8.473%

Initial Interest Rate: 6.900%

Interest Compounding: Monthly

Payment Schedule:

Presented by
TimeValue Software

Online Financial Calculator
for
1st Source Bank

The information provided by these calculators is for illustrative purposes only. The information entered may vary from your actual loan, mortgage, investment, or savings results. Interest rates are hypothetical and are not meant to represent any specific investment. Rates of return will vary over time, particularly for long-term investments. The calculated results are not guaranteed to be accurate and are in no way endorsed, offered or guaranteed by 1st Source Bank.