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

For example, on a $10,000, 30-year loan with an initial interest rate of 3. 625 % in effect in June 201 6, the maximum amount that the interest rate can rise under this program is 5.000 percentage points, to 8.625 %, and the monthly (interest-only) payment can rise from a first-year payment of $ 30.21 to a maximum of $ 71.88. in the 6th year of ... ................
................