Posted on: 08th Sep, 2008 12:29 pm
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?
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
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