Which to use to calculate my monthly mortgage payment?

My credit union is offering a 5/1 arm first time homebuyer rate of 4.75% and APR of 3.884% Just wanted to know which number to use to calculate payment, and is this a good deal right now? I dont plan on staying there more than the five years. Thanks in


when you use the 4.75 yearly rate it will actually cost you less on an Average Percentage Rate (APR) or 3.884 percent for the first year only.
it drops to less in the 2nd and 3rd years

How do you calculate what your mortgage payment will be without using a mortgage calculator?

Can somone show me how to calculate a mortgage payment

like for example

what is the monthly payment on a $200,000 mortgage at 6% interest over 25 years?
Can somone show me how to calculate a mortgage payment


monthly payment = interest portion + principal portion
m1=12 in us the interest is compounded monthly
(in canada m1=2, interest is compounded semi-annual)
m2=12 payment every month
YR=25
%int=6 percent annual interest

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Mortgage Payment Calculator Overview

A mortgage payment calculator will be the initial factor a lot of people search for when contemplating refinancing a mortgage, or purchasing a brand new residence. Working with a mortgage calculator, it is possible to apply today’s interest rate to the quantity of your new mortgage, and discover out what your new monthly mortgage payment will probably be.

You’ll be able to simply uncover a mortgage payment calculator on the internet. By way of example, you’ll find no cost mortgage calculators on many web-sites, which permit you to enter the interest rate, the term of the Mortgage , and also the mortgage principal quantity, so that you can calculate your new monthly payment.

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