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Welcome > Resources > Mortgage Calculators > Adjustable Rate Mortgages ...

The Best Mortgage Calculators On the Web!

Please try my Java loan and mortgage calculators. They take a minute to load, but they are worth it!

Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Try each calculator with different interest rates, loan amounts, and payment schedules.

The mortgage repayment schedule and other reports are fully customizable - just for your home, your interest rate, your loan amount, your taxes, and more.

Would you like a print out, for your records and future reference? Each calculator includes a View Report button. Click it, hit print, and you have a report, customized just for you...

Adjustable Rate Mortgage Calculator

Adjustable rate mortgages can provide attractive interest rates, but your payment is not fixed. This calculator helps you to determine what your adjustable mortgage payments may be.

This Financial Calculator requires a Browser with Java Support

Definitions

Mortgage amount: Original or expected balance for your mortgage.
Starting interest rate: Initial annual interest rate for this mortgage.
Term in years: The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years.
Interest rate cap: This is the highest interest rate allowed by your mortgage. Your actual interest rate will not be adjusted above this rate.
Expected adjustment: The amount you believe that your mortgage's interest rate will change. This amount will be added to or subtracted from your interest rate.
Months between adjustments: The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year.
Starting monthly payment: Monthly principal and interest payment (PI) based on your beginning balance and starting interest rate.
Total payments: Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal.
Total interest: Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.

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Making An Offer >Low Offers

You have found the perfect house with everything you wanted--and then some--but the price is more than you want to pay. You decide to go for it anyway, and ask the agent to submit what real estate agents call a "low ball" offer.

Low ball offers sometimes work. If the market is fluctuating and the sellers are anxious, they may just accept it. They may be willing to negotiate if they have listed the house at a higher price than is reasonable. Most sellers are open to offers, but they won't give their house away, especially if the asking price is in line with recent sales of similar homes.

What do you have to lose by making a low offer? If the seller yells and screams, the agent will be the focus of his wrath -- and we don't take it personally. If you really want the house, however, a very low initial offer may irritate the seller to the point that he won't consider a better offer, if you decide to submit one. Design your strategy on the basis of how badly you want the house.

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Q	What is the average age of a first-time homebuyer in the United States today?
A	The average age of a first-time U.S. home buyer is 32 years.
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Donald Payne, REALTOR®, real estate agent and broker for Columbus Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

Donald Payne
Vision Realty, Inc.
4608 North High Street
Columbus, OH 43214
Office: 614-447-3175
Toll-free: 866-510-2223
Cell: 614-323-4348
Fax: 614-267-2258
DonaldPayne@VisionRealty.com
Meet Donald A. Payne, Founder, Vision Realty. Don Payne is a devoted husband, father, son, friend, and volunteer. All of these life experiences make him uniquely qualified to have been the realtor of choice for home buyers and sellers since 1979. The key to Don’s success for more than 25 years has been his willingness to take the time to get to know his clients, and to understand how their housing situation can best help them meet their personal visions. Don has used his real estate expertise and relationship-building skills to help people in all walks of life realize their home ownership goals. He has reached out to single individuals, first-time homebuyers, new families, single parents, and well-established homeowners in a broad spectrum of pricing ranges, throughout their desired market areas. Don has a sincere passion for knowing that, at the end of the day, his strategy has been to provide his clients with a caring, concerned partner in helping them achieve their unique life visions. Whatever your housing vision may be, Don Payne can help!

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