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Payment Option ARM Calculator


Loan Amount: $
Start Rate1: %
 
Current Index: %
Margin: %



  30 Yr Monthly Payment Minimum Payment2 Monthly Savings3
Year 1 $0.00 $0.00 $0.00
Year 2 $0.00 $0.00 $0.00
Year 3 $0.00 $0.00 $0.00
Year 4 $0.00 $0.00 $0.00
Year 5 $0.00 $0.00 $0.00

Other Payment Options
Interest Only Payment: $2,134.17
40 Year Payment: $0.00
15 Year Payment: $0.00

Effective Interest Rate4 (Index + Margin): 5.122% 

Assumptions:

1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.

2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.

3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.

4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.



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Indian Head Modular Homes
1295 Stafford Road
Tiverton, RI 02878
Office 401.625.1217
Fax: 866.462.2409

     Toll Free: 866.731.6529

Indian Head Modular Homes is a premier New Era Representative. As a general contractor we are able to build custom homes in less time with a higher degree of quality. Our office is at 1295 Stafford Rd., Tiverton, RI, but we build thought out New England. Whether your plans include Capes, Colonial, Ranches, or Custom homes, we can handle it., New Era Manufactured homes are a far cry from the mobile homes in the past.  In fact they are view by the banks and our government to be better than a stick built home. Built in a factory under controlled conditions, lets us build a better quality home in less time and still save money too. Please don’t forget we build commercial buildings as well. Our Awashonks office will help find a lot or a larger piece of land to build your dream home, and if you need to sell your home they can help you with that as well. They are license in both RI. and MA., and have partners covering all of New England if needed. 

An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) shall be responsible or liable for any typographical errors, mapping errors, misinformation or misprints.



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