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Adjustable-Rate Mortgages

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Executive Summary

This tool calculates your monthly payment for an adjustable-rate mortgage (ARM) loan, given a loan amount and loan terms. Payments on an adjustable-rate mortgage are fixed for an initial period and are usually adjusted annually after the initial period. For example, a 3/1 ARM loan would have a fixed rate for the first three years and be readjusted once a year thereafter.

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