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Use Bankrate's mortgage calculators to compare mortgage payments, home equity loans and ARM loans. The mortgage calculator offers an amortization.
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The amortization schedule shows how much in principal and interest is paid over time. See how those payments break down over your loan term with our.
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Try our easy-to-use refinance calculator and see if you could save by refinancing. Estimate your new monthly mortgage payment, savings and breakeven point.
· The 5/1 average adjustable rate mortgage (arm) rate shows the average rate for the first five years after origination. After the initial five-year period, the ARM rate is adjusted annually based on an index figure, such as a certain Treasury Bill rate (which reflects Federal Reserve rate movements) or the London Inter-Bank Offered Rate (LIBOR).
For the full mortgage Rate Trend Index, go to http://www.bankrate.com/RTI. To download the Bankrate Mortgage Calculator & Mortgage Rates iPhone App 2.0 go.