Adjustable Rate Mortgage Analyzer | Financial Calculators for Flagstar Bank

Home Information

The price you pay for your home.

The amount of cash you will pay up front for the purchase of your home.

The annual amount of property tax you pay on your home. Property tax rates can vary by state and local government, but will typically fall between 1-2% of assessed value.

Annual home insurance

The annual amount paid for your homeowner insurance policy.

Monthly HOA dues

Your monthly payment in Homeowner Association Dues for this property.

Loan Information

Loan term (years)

The number of years you will have to repay your mortgage loan.

Interest rate

The annual interest rate paid over the term of your loan.

Annual rate adjustment

The amount you expect the rate to adjust during adjustment periods, up to or down to the maximum or minimum rates allowed under the terms of the adjustable rate mortgage.

Years to 1st adjustment

The number of years before rate adjustments are permitted under the terms of your adjustable rate mortgage. Typical periods are 1, 3, 5, 7 or 10 years..

Adjustment Terms

Adjustment period

The number of years between rate adjustments, after the initial rate adjustment period is reached. Most adjustable rate mortgages will adjust annually.

Maximum interest rate

The maximum interest rate permitted under the terms of the adjustable rate mortgage.

Minimum interest rate

The minimum interest rate permitted under the terms of the adjustable rate mortgage.

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Initital Payment Period
Loan Amount	Principal & Interest	Property Taxes	Insurance	HOA Fees	Total Payment

Flagstar Bank partnered with Fintactix, a financial education company, to make this calculator available. This is for informational purposes only. The results are hypothetical to illustrate general scenarios. The calculator cannot determine that a specific Flagstar product is available to you or that it is the right solution for your circumstances. All Flagstar Bank products require an application and an approval process. Please contact us directly so we can assist you. Use of this calculator is not a substitute for and results cannot be relied on as investment, legal, tax or accounting advice. Please consult a tax advisor, attorney or other financial professional for personalized advice appropriate to your goals and circumstances. Flagstar Bank and our affiliates are not responsible for any content provided by unaffiliated third parties.

Adjustable rate mortgages typically offer home buyers the advantage of having a lower mortgage payment during the initial period of the mortgage. Adjustable rate mortgages are generally offered on a 1, 3, 5 or 7-year basis. Once the initial period expires, the mortgage rate will reset at then current interest rate levels. Depending on the direction interest rates are taking, these resets can result in higher or lower monthly payments to the borrower. This adjustable rate mortgage analyzer will help you understand the implication of your adjustable rate terms by showing what your monthly payment will be under different scenarios.