Ready to explore your mortgage options?

It takes just a few seconds to answer these questions:

Don’t miss out – lock in your low rate! Call (800) 251-9080or fill out this form now.
All Fields Required
Or Call
Refinance/Home Equity
Purchase
- -

(Secure / No Obligation / Free Expert Advice)

Current Mortgage Rates:
5-Year ARM 2.875%
Future Adjustments

Adjustable Rate Mortgage Future Adjustments

With an adjustable-rate mortgage (ARM), your loan will have an initial fixed-rate period. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset.

Adjustable Rate Mortgage (ARM) Info
Lifetime rate cap 5%
Yearly adjustment cap 2%
First year rate cap 2%
ARM index 1.321%
ARM margin 2.25%

Adjustable-Rate Mortgage: The initial payment on a 30-year $200,000 5-year Adjustable-Rate Loan at 2.875% and 75% loan-to-value (LTV) is $829.79 with 2.125 points due at closing. The Annual Percentage Rate (APR) is 3.612%. After the initial 5 years, the principal and interest payment is $900.07. The fully indexed rate of 3.625% is in effect for the remaining 25 years and can change once every year for the remaining life of the loan. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Rate is variable and subject to change after 5 years.

(3.612% APR)
30-Year Fixed 3.50% (3.777% APR)
15-Year Fixed 2.75% (3.218% APR)
VA 30-Year Fixed 3.25% (3.474% APR)
VA 5/1 ARM (1/1/5) 2.75%
Future Adjustments

Adjustable Rate Mortgage Future Adjustments

With an adjustable-rate mortgage (ARM), your loan will have an initial fixed-rate period. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset.

Adjustable Rate Mortgage (ARM) Info
Lifetime rate cap 5%
Yearly adjustment cap 1%
First year rate cap 1%
ARM index 0.62%
ARM margin 2%

VA Adjustable-Rate Mortgage: The payment on a 30-year $200,000 5-year VA Adjustable-Rate Loan at 2.75% and 75% loan-to-value (LTV) is $816.49 with 1.625 points due at closing. After 5 years, the principal and interest is $805.21. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. VA loans do not require PMI. The Annual Percentage Rate (APR) is 2.893%. Rate is variable and may increase after fixed rate period.

(2.893% APR)
Get a Customized Mortgage Quote Here!
Rates last updated: 09:59PM (EDT) on 5/30/2016
J.D. Power Disclaimer
  • Quicken Loans received the highest numerical score in the proprietary J.D. Power 2010–2015 Primary Mortgage Origination and 2014–2015 Primary Mortgage Servicer StudiesSM. 2015 Origination (or Sales) based on 4,666 total responses and measures experiences and perceptions of consumers who originated a new mortgage, surveyed in July–August 2015. 2015 Servicing based on 5,922 total responses and measures experiences and perceptions of consumers with their current mortgage servicer, surveyed in March–April 2015. Your experiences may vary. Visit jdpower.com.