Adjustable Rate Mortgage Rates

Rates effective as of December 13, 2017.

Adjustable Rate Mortgage

Adjustable Rate MortgageRatesPointsAPR
30 Year 10/1 ARM 3.375% 0.00 3.640%
30 Year 7/1 ARM 3.250% 0.00 3.673%
30 Year 5/1 ARM 3.125% 0.00 3.714%

The Annual Percentage Rate (APR) and Monthly Payment calculation is current as of April 20, 2017 and is based on loan amount of $165,000.00 with $41,250.00 down payment with 0 points. The APR interest rate and monthly payment on Adjustable Rate Mortgages (ARMs) is variable and is subject to increase or decrease after the initial period. Interest rates are subject to change at any time without notice due to market conditions or borrower eligibility. The rates shown are based on rates for well-qualified applicants. Individual rates may vary. Monthly payment does not include property taxes or homeowners insurance. Your actual monthly payment may be greater. Mortgage insurance is required if the loan to value exceeds 80%. Homeowners insurance and flood insurance, if applicable, are required. Interest rates are subject to credit and property appraisal based on secondary market underwriting requirements. An appraisal will be required. Contact a Mortgage Loan Originator at 315-484-2205 for further details.

Payment Examples by Term

5/1 ARM: The total repayment term for this ARM is 30 years or 360 payments. For the first 60 months, the payment will be $706.82 with a corresponding interest rate of 3.125%; for the remaining 300 months, the estimated payment will be $870.00 with a corresponding interest rate of 5.125%. The interest rate and monthly payment amount may vary after the first 60 months.

7/1 ARM: The total repayment term for this ARM is 30 years or 360 payments. For the first 84 months, the payment will be $718.09 with a corresponding interest rate of 3.250%; for the remaining 276 months, the estimated payment will be $871.00 with a corresponding interest rate of 5.250%. The interest rate and monthly payment amount may vary after the first 84 months.

10/1 ARM: The total repayment term for this ARM loan is 30 years or 360 payments. For the first 120 months, the payment will be $729.46 with a corresponding interest rate of 3.375%; for the remaining 240 months, the estimated payment will be $866.00 with a corresponding interest rate of 5.375%. The interest rate and monthly payment amount may vary after the first 120 months.