Adjustable Rate Mortgage Calculator
Calculate payments for an adjustable-rate mortgage. See how rate changes after the introductory period impact your monthly payment.
Your Monthly EMI
โน1,703
Principal
โน3,00,000
Total Interest
โน3,13,212
Total Payable
โน6,13,212
Breakdown
Principal: โน3,00,000 (49%)
Total Interest: โน3,13,212 (51%)
Interest-to-Principal: 104.4%
๐ Interactive EMI Breakdown
Principal vs Interest
Principal: โน3.00 L
Interest: โน3.13 L
Year-by-Year Payment Split
Loan Scenario Comparison
| Metric | Your plan | +1% Interest (6.5%) | +12 Months (372mo) |
|---|---|---|---|
| Monthly EMI | โน1,703 | โน1,896 โ โน193 | โน1,682 โ โน21 |
| Total Interest | โน3,13,212 | โน3,82,633 โ โน69,421 | โน3,25,674 โ โน12,462 |
| Total Payable | โน6,13,212 | โน6,82,633 | โน6,25,674 |
How Adjustable Rate Mortgages Work
An ARM offers a lower fixed rate for an intro period (typically 3, 5, 7, or 10 years), then adjusts periodically based on a reference index plus a margin. Common structures:
- 5/1 ARM: Fixed for 5 years, adjusts annually after
- 7/6 ARM: Fixed for 7 years, adjusts every 6 months
- 10/1 ARM: Fixed for 10 years, adjusts annually
Rate caps limit how much the rate can change: initial cap (first adjustment), periodic cap (each subsequent adjustment), and lifetime cap (maximum over the loan's life).