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  Payment Option ARM Calculator
Effective Interest Rate4 (Index + Margin): 5.122% Assumptions: 1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes. 2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year. 3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment. 4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.  1221 South Creasy Lane, Suite J - Lafayette, IN 47905 Office Phone: (765) 446-2930 Fax: (765) 448-6398 Toll Free Phone: (800) 630-6695 :: Apply Now :: Pre-Qualify :: Loan Programs :: Purchasing :: Refinance :: Request Loan Status :: Calculators :: Loan Process :: FAQ :: Meet the Team :: About Us :: Directions :: Tell-A-Friend :: Community Info :: Web links :: Marketplace :: Home :: We are liscensed to originate loans throughout the State of Indiana!
This site includes information on financing homes and properties in Lafayette, West Lafayette, Battle Ground, Buck Creek, Clarks Hill, Dayton, Montmorenci, Romney, Stockwell, Westpoint, Brookston, Monticello, Delphi, Mulberry, Frankfort, Rossville, Lebanon, Crawfordsville, Attica, Williamsport, Fowler, Otterbein, and the surrounding Counties in Indiana. FREE Home Search service data (The Home Buyers Scouting Report®) is provided by Home Buyers Marketing II, Inc., and also includes real estate property and homes, condos, and town homes for sale in Tippecanoe County and the surrounding Counties, covering real estate, including investment properties for sale. Represented by Realtors and real estate agents in those regions. People who are relocating, buying a first home in Lafayette, Indiana, IN, West Lafayette, Indiana, and the surrounding areas, or those who are looking to refinance their current home mortgage loan, will find useful information on rent-to-own homes, home for sale, homes for lease, condominiums, town homes, luxury homes, executive homes, and new developments, to buy or sell, with additional information on schools and regional highlights. Homebuyers and sellers can find information on properties through The Scouting Report on residential real estate or other properties that include Lafayette Indiana and West Lafayette Indiana. Tippecanoe Mortgage consists of experienced Mortgage Brokers who have expert knowledge of the properties in these communities.
This website is a resource for home loans, mortgages, home equity loans, refinancing, new construction loans, real estate, investment loans, relocation, rental property, buying property with no money down, financing property with no money down, and less-than-perfect credit.
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