Black Book Secret: Adjustable rate mortgages (arms) are calculated and recast based on the balance of the loan, if you have gone negative make sure to use your current balance in these calculations. This calculator will allow you to evaluate true arm loans as well as negative amortizing loans. This calculator will help you determine maximum payments for each year of your mortgage.
Disclaimer: These online calculators are made available and meant to be used as a screening tool for the investor. The accuracy of these calculations is not guaranteed nor is its applicability to your individual circumstances. You should always obtain personal advice from qualified professionals.
