Pre-Application 5-1 Year Adjustable Rate Mortgage Loan ...

For example, on a $10,000, 30-year loan with an initial interest rate of 4.750 % in effect in November 2017, the maximum amount that the interest rate can rise under this program is 5.000 percentage points, to 9.750 %, and the monthly (interest-only) payment can rise from a first-year payment of $ 39.58 to a maximum of $ 81.25 in the 11th year ... ................
................