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the bank will pay us 2.25% on $100,000.00 dollars, but we don't know what that amount is, can you calculate it for us?

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi perdita,

Welcome to forums.

I think you're going for an ARM given that the rate looks too low, isn't it? I believe it's the introductory rate on your loan. If it's an ARM, you can use the ARM Calculator for calculating how much you need to pay monthly.

I could have done the calculations, but the Calculator requires some fields which you haven't provided here.

Thanks

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 00:46 | Post subject:

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