Kennesaw, Canton and Acworth real estate and homes for sale in Georgia - The John and Linda Monroe Team, REALTORS® The John and Linda Monroe Team REALTORS(r) for Kennesaw, Canton and Acworth, Georgia real estate - NUMBER1EXPERTS™ The John and Linda Monroe Team NUMBER1EXPERTS(tm) for Kennesaw, Canton and Acworth, Georgia real estate
View Contact Information for The John and Linda Monroe Team, Realtor(r) serving Kennesaw, Canton and Acworth, GA in Cobb and South Cherokee County > Pop-Up Window
Click to Email The John and Linda Monroe Team, REALTOR(r) serving Kennesaw, Canton and Acworth, GA in Cobb and South Cherokee County
Login
Site Map
The John and Linda Monroe Team, REALTOR®, real estate agents and broker for Kennesaw, Canton and Acworth Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)
All Agents Are NOT Alike! Find Out Why We Are Top Realtor Experts. Call Us Today: 770-425-1999


Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >




Compare three mortgages at one time. Download TripleCalc now. It's free.

Real Estate - Homes - NUMBER1EXPERTS Sell More!
The John and Linda Monroe Team are some of The Top Selling Real Estate Experts™
Find Out More >
Mortgage Calculators: Kennesaw, Canton and Acworth Georgia home buying, real estate listings, and homes for sale in Cobb and South Cherokee County, GA
Welcome > Resources > Mortgage Calculators > Fixed or Adjustable Rate ...


The Best Mortgage Calculators On the Web! 

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep... 

Fixed or Adjustable Rate?

A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

This Financial Calculator requires a Browser with Java Support



Definitions

Fixed Rate Mortgage
A fixed rate mortgage has the same interest rate and monthly payment throughout the term of the mortgage. The payment is calculated to payoff the mortgage balance at the end of the term. The most common terms are 15 year and 30 years.

Fully Amortizing ARM
This is the most common type of ARM. The monthly payment is calculated to payoff the entire mortgage balance at the end of the term. The term is typically 30 years. After any fixed interest rate period has passed, the interest rate and payment adjusts annually. A Fully Amortizing ARM will also have a maximum rate that it will not exceed. This calculator uses a maximum interest rate of 12%. Below is a list of the most common types of Fully Amortizing ARMs.

Common Adjustable Rate Mortgages
ARM TypeMonths Fixed
10/1 ARMFixed for 120 months, adjusts annually for the remaining term of the loan.
7/1 ARMFixed for 84 months, adjusts annually for the remaining term of the loan.
5/1 ARMFixed for 60 months, adjusts annually for the remaining term of the loan.
3/1 ARMFixed for 36 months, adjusts annually for the remaining term of the loan.
1 year ARMFixed for 12 months, adjusts annually for the remaining term of the loan.
Interest Only ARM
An Interest Only ARM only requires monthly interest payments. Since you are not paying any principal, as you are with the other two types of mortgages described above, this can lower your monthly payment. However, since your mortgage's principal balance is not decreased, you will have a balloon payment at the end of the mortgage's term. Like a Fully Amortizing ARM, an Interest Only ARM will often have a period where the interest rate is fixed, and then it is adjusted annually. An Interest Only ARM will also have a maximum interest rate that it will not exceed. This calculator uses a maximum interest rate of 12%.

Mortgage amount
Expected balance for your mortgage.

Term in years
The number of years over which you will repay this mortgage. The most common mortgage terms are 15 years and 30 years. Please note that for the Interest Only ARM you will have a balloon payment for the entire principal balance at the end of the loan term.

Expected rate change
The annual adjustment you expect in your ARM. The range for this calculator is minus 3% to plus 3%. Use a negative value if you believe interest rates will decrease, a positive value if you believe they will increase.

Interest rate
Annual interest rate for each mortgage type. Typically an ARM will have a lower interest rate than a fixed rate mortgage. The rate of an Interest Only ARM will vary by lender.

Months rate fixed
This is the number of months the rate is fixed for an ARM. During this period the interest rate and the monthly payment will remain fixed. The rate will then adjust annually by the expected rate change.

Interest rate cap
This is the maximum interest rate for this mortgage. The mortgage's interest rate will never exceed the interest rate cap.

Monthly payment
Monthly principal and interest payment (PI) for the Fixed Rate Mortgage and the Fully Amortizing ARM. This is an interest only payment for an Interest Only ARM.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




The John and Linda Monroe Team, REALTOR®, real estate agents and broker for Kennesaw, Canton and Acworth Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The John and Linda Monroe Team
Prudential Georgia Realty

220 Cinema View, Suite 100
Woodstock, GA. 30189
Office: 770-425-1999
Fax: 770-704-7894
johnandlinda@NUMBER1EXPERT.com

John and Linda Monroe, the top-selling husband and wife real estate sales team, have been honored as one of the 100 top-producing agent teams in metro Atlanta by being named to the COMMUNITIES Magazine Top 100 list. Known as the Monroe Team, the pair is based out of Prudential Georgia Realty’s South Cherokee Office, best known for covering the areas of Kennesaw, Acworth, Woodstock, Townelake, Marietta, Canton, South Cherokee County, and Cobb County. The team regularly makes the top 10 list with Prudential Atlanta/Georgia Realty and ranks in the top 1 percent of 43,000 Prudential agents nationwide, a placement that awarded them the Chairman’s Circle Diamond Award in 2001. The Monroe’s were also honored as top 100 Prudential Agents internationally.

The Monroe’s approach their real estate business by taking a very proactive, sincere attitude with all of their clients, from their recommendations about what has to be done to beautify the home, to pricing, to comments from other agents. John and Linda Monroe know this from personal experience; the real estate business is more than just putting signs in yards, typing listing information into a computer, and printing flyers. They know that it takes successful real estate agents to make selling houses look easy. John and Linda know that part of their success is due to their emphasis on customer service. They not only meet, but also often exceed, their customers’ expectations. And just as important as their honesty and accessibility is their attention to fine-tuning their marketing approach. They continually focus on niche marketing and customer service as the backbone of their success. They never stop fine-tuning these elements in order to give their customers the best buying and selling experiences possible.

ABREqual HousingMLSREALTOR


Prudential Georgia Realty real estate and homes for sale in Kennesaw, Canton and Acworth Georgia

www.Finegeorgiahomes.com is brought to you by The John and Linda Monroe Team
NUMBER1EXPERTS™ in real estate for Kennesaw, Canton and Acworth, Georgia

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge




USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.



This Kennesaw, Canton and Acworth Georgia web site is brought to you by The John and Linda Monroe Team, REALTOR®















Return to Top > Kennesaw, Canton and Acworth