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Payment Option ARM Calculator
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. Processing Center - 3695 Stanford Dr. - Lake Havasu City, AZ 86406 Office Phone: 928-566-4257 Fax: 928-566-4258 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Contact Us :: About Us :: Tell-A-Friend :: Marketplace :: Home :: We lend in the following states: AZ, CA Corporate Office: 10251 Vista Sorrento Pkwy., Suite 350, San Diego, CA 92121 Cobalt is licensed by the California Dept of Real Estate, Broker # 01821025. Regional Office: 8149 N 87th Place, Suite 204, Scottsdale, AZ 85258 Arizona Broker License # BKBR 0115181 David Herring is licensed by the California Dept of Real Estate, License # 01193746. Loan approval is not guaranteed and is subject to lender review of information. Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions. 
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