Arm rate caps 5 2 5
Use this calculator to compare a fixed rate mortgage to a LIBOR ARM. 1 year, 2 years, 3 years, 4 years, 5 years, 6 years, 7 years, 8 years, 9 years, 10 years, 11 years 5/1 ARM, Fixed for 60 months, adjusts annually for the remaining term of the loan. The mortgage's interest rate will never exceed the interest rate cap. 24 May 2019 If the initial cap is 2% on an initial rate of 4%, for example, the highest your With a lifetime cap of 5% and an initial rate of 4%, you would be MULTISTATE ADJUSTABLE RATE NOTE-ARM 5-2--Single Family--Fannie Mae/ Freddie Mac UNIFORM INSTRUMENT Form 3502 1/01 (rev.2/20). Page 1 of 4.