Mortgage Amortization Report (Variable Rate)

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Amortization Summary

Based on your input, to maintain a variable-rate mortgage of $116,500.00 at 3% initial interest rate set to increase by 2% every 2 years, you will need to have a monthly payment of approx. ~$1,102.09.

Instead of closing on 2031/03, as a result of the changes in interest rate, your mortgage will close on 2033/03 where you will make a total of 145 payments instead of 120 payments as per the initial amortization term.

Home Value:
Principal:
Initial Interest Rate:
Amortization Term:
Adjustment Term
Adjustment Rate
PMI:
Property Tax:
Insurance /mo:
Start Date:
Adjustment Type
Number of Payments: 145
Monthly Payment: ~$1,102.09
Pay Off Date: 2033/03
Total Interest Paid: $45,438.34
Total PMI Paid: $0.00
Total Tax Paid: $0.00
Total Insurance Paid: $0.00
Total Amount Paid: $161,938.34

Amortization Chart

Date Principal Interest PMI Tax Insurance Monthly Balance
1 2021/03 $833.68 $291.25 $0.00 $0.00 $0.00 $1,124.93 $115,666.32
2 2021/04 $835.77 $289.17 $0.00 $0.00 $0.00 $1,124.93 $114,830.55
3 2021/05 $837.86 $287.08 $0.00 $0.00 $0.00 $1,124.93 $113,992.69
4 2021/06 $839.95 $284.98 $0.00 $0.00 $0.00 $1,124.93 $113,152.74
5 2021/07 $842.05 $282.88 $0.00 $0.00 $0.00 $1,124.93 $112,310.69
6 2021/08 $844.16 $280.78 $0.00 $0.00 $0.00 $1,124.93 $111,466.54
7 2021/09 $846.27 $278.67 $0.00 $0.00 $0.00 $1,124.93 $110,620.27
8 2021/10 $848.38 $276.55 $0.00 $0.00 $0.00 $1,124.93 $109,771.89
9 2021/11 $850.50 $274.43 $0.00 $0.00 $0.00 $1,124.93 $108,921.39
10 2021/12 $852.63 $272.30 $0.00 $0.00 $0.00 $1,124.93 $108,068.76
11 2022/01 $854.76 $270.17 $0.00 $0.00 $0.00 $1,124.93 $107,214.00
12 2022/02 $856.90 $268.03 $0.00 $0.00 $0.00 $1,124.93 $106,357.10
13 2022/03 $859.04 $265.89 $0.00 $0.00 $0.00 $1,124.93 $105,498.06
14 2022/04 $861.19 $263.75 $0.00 $0.00 $0.00 $1,124.93 $104,636.87
15 2022/05 $863.34 $261.59 $0.00 $0.00 $0.00 $1,124.93 $103,773.53
16 2022/06 $865.50 $259.43 $0.00 $0.00 $0.00 $1,124.93 $102,908.03
17 2022/07 $867.66 $257.27 $0.00 $0.00 $0.00 $1,124.93 $102,040.37
18 2022/08 $869.83 $255.10 $0.00 $0.00 $0.00 $1,124.93 $101,170.54
19 2022/09 $872.01 $252.93 $0.00 $0.00 $0.00 $1,124.93 $100,298.53
20 2022/10 $874.19 $250.75 $0.00 $0.00 $0.00 $1,124.93 $99,424.34
21 2022/11 $876.37 $248.56 $0.00 $0.00 $0.00 $1,124.93 $98,547.97
22 2022/12 $878.56 $246.37 $0.00 $0.00 $0.00 $1,124.93 $97,669.41
23 2023/01 $880.76 $244.17 $0.00 $0.00 $0.00 $1,124.93 $96,788.65
24 2023/02 $882.96 $241.97 $0.00 $0.00 $0.00 $1,124.93 $95,905.69
25 2023/03 $721.48 $399.61 $0.00 $0.00 $0.00 $1,121.09 $95,184.21
26 2023/04 $724.49 $396.60 $0.00 $0.00 $0.00 $1,121.09 $94,459.72
27 2023/05 $727.51 $393.58 $0.00 $0.00 $0.00 $1,121.09 $93,732.22
28 2023/06 $730.54 $390.55 $0.00 $0.00 $0.00 $1,121.09 $93,001.68
29 2023/07 $733.58 $387.51 $0.00 $0.00 $0.00 $1,121.09 $92,268.10
30 2023/08 $736.64 $384.45 $0.00 $0.00 $0.00 $1,121.09 $91,531.46
31 2023/09 $739.71 $381.38 $0.00 $0.00 $0.00 $1,121.09 $90,791.75
32 2023/10 $742.79 $378.30 $0.00 $0.00 $0.00 $1,121.09 $90,048.97
33 2023/11 $745.88 $375.20 $0.00 $0.00 $0.00 $1,121.09 $89,303.08
34 2023/12 $748.99 $372.10 $0.00 $0.00 $0.00 $1,121.09 $88,554.09
35 2024/01 $752.11 $368.98 $0.00 $0.00 $0.00 $1,121.09 $87,801.98
36 2024/02 $755.25 $365.84 $0.00 $0.00 $0.00 $1,121.09 $87,046.73
37 2024/03 $758.39 $362.69 $0.00 $0.00 $0.00 $1,121.09 $86,288.34
38 2024/04 $761.55 $359.53 $0.00 $0.00 $0.00 $1,121.09 $85,526.79
39 2024/05 $764.73 $356.36 $0.00 $0.00 $0.00 $1,121.09 $84,762.06
40 2024/06 $767.91 $353.18 $0.00 $0.00 $0.00 $1,121.09 $83,994.15
41 2024/07 $771.11 $349.98 $0.00 $0.00 $0.00 $1,121.09 $83,223.04
42 2024/08 $774.33 $346.76 $0.00 $0.00 $0.00 $1,121.09 $82,448.71
43 2024/09 $777.55 $343.54 $0.00 $0.00 $0.00 $1,121.09 $81,671.16
44 2024/10 $780.79 $340.30 $0.00 $0.00 $0.00 $1,121.09 $80,890.37
45 2024/11 $784.04 $337.04 $0.00 $0.00 $0.00 $1,121.09 $80,106.32
46 2024/12 $787.31 $333.78 $0.00 $0.00 $0.00 $1,121.09 $79,319.01
47 2025/01 $790.59 $330.50 $0.00 $0.00 $0.00 $1,121.09 $78,528.42
48 2025/02 $793.89 $327.20 $0.00 $0.00 $0.00 $1,121.09 $77,734.53
49 2025/03 $668.72 $453.45 $0.00 $0.00 $0.00 $1,122.17 $77,065.82
50 2025/04 $672.62 $449.55 $0.00 $0.00 $0.00 $1,122.17 $76,393.20
51 2025/05 $676.54 $445.63 $0.00 $0.00 $0.00 $1,122.17 $75,716.66
52 2025/06 $680.49 $441.68 $0.00 $0.00 $0.00 $1,122.17 $75,036.18
53 2025/07 $684.46 $437.71 $0.00 $0.00 $0.00 $1,122.17 $74,351.72
54 2025/08 $688.45 $433.72 $0.00 $0.00 $0.00 $1,122.17 $73,663.27
55 2025/09 $692.46 $429.70 $0.00 $0.00 $0.00 $1,122.17 $72,970.81
56 2025/10 $696.50 $425.66 $0.00 $0.00 $0.00 $1,122.17 $72,274.30
57 2025/11 $700.57 $421.60 $0.00 $0.00 $0.00 $1,122.17 $71,573.74
58 2025/12 $704.65 $417.51 $0.00 $0.00 $0.00 $1,122.17 $70,869.08
59 2026/01 $708.76 $413.40 $0.00 $0.00 $0.00 $1,122.17 $70,160.32
60 2026/02 $712.90 $409.27 $0.00 $0.00 $0.00 $1,122.17 $69,447.42
61 2026/03 $717.06 $405.11 $0.00 $0.00 $0.00 $1,122.17 $68,730.37
62 2026/04 $721.24 $400.93 $0.00 $0.00 $0.00 $1,122.17 $68,009.13
63 2026/05 $725.45 $396.72 $0.00 $0.00 $0.00 $1,122.17 $67,283.68
64 2026/06 $729.68 $392.49 $0.00 $0.00 $0.00 $1,122.17 $66,554.00
65 2026/07 $733.94 $388.23 $0.00 $0.00 $0.00 $1,122.17 $65,820.07
66 2026/08 $738.22 $383.95 $0.00 $0.00 $0.00 $1,122.17 $65,081.85
67 2026/09 $742.52 $379.64 $0.00 $0.00 $0.00 $1,122.17 $64,339.33
68 2026/10 $746.85 $375.31 $0.00 $0.00 $0.00 $1,122.17 $63,592.47
69 2026/11 $751.21 $370.96 $0.00 $0.00 $0.00 $1,122.17 $62,841.26
70 2026/12 $755.59 $366.57 $0.00 $0.00 $0.00 $1,122.17 $62,085.67
71 2027/01 $760.00 $362.17 $0.00 $0.00 $0.00 $1,122.17 $61,325.67
72 2027/02 $764.43 $357.73 $0.00 $0.00 $0.00 $1,122.17 $60,561.24
73 2027/03 $661.00 $454.21 $0.00 $0.00 $0.00 $1,115.21 $59,900.23
74 2027/04 $665.96 $449.25 $0.00 $0.00 $0.00 $1,115.21 $59,234.27
75 2027/05 $670.96 $444.26 $0.00 $0.00 $0.00 $1,115.21 $58,563.31
76 2027/06 $675.99 $439.22 $0.00 $0.00 $0.00 $1,115.21 $57,887.33
77 2027/07 $681.06 $434.15 $0.00 $0.00 $0.00 $1,115.21 $57,206.27
78 2027/08 $686.17 $429.05 $0.00 $0.00 $0.00 $1,115.21 $56,520.10
79 2027/09 $691.31 $423.90 $0.00 $0.00 $0.00 $1,115.21 $55,828.79
80 2027/10 $696.50 $418.72 $0.00 $0.00 $0.00 $1,115.21 $55,132.29
81 2027/11 $701.72 $413.49 $0.00 $0.00 $0.00 $1,115.21 $54,430.57
82 2027/12 $706.98 $408.23 $0.00 $0.00 $0.00 $1,115.21 $53,723.59
83 2028/01 $712.29 $402.93 $0.00 $0.00 $0.00 $1,115.21 $53,011.30
84 2028/02 $717.63 $397.58 $0.00 $0.00 $0.00 $1,115.21 $52,293.67
85 2028/03 $723.01 $392.20 $0.00 $0.00 $0.00 $1,115.21 $51,570.66
86 2028/04 $728.43 $386.78 $0.00 $0.00 $0.00 $1,115.21 $50,842.23
87 2028/05 $733.90 $381.32 $0.00 $0.00 $0.00 $1,115.21 $50,108.33
88 2028/06 $739.40 $375.81 $0.00 $0.00 $0.00 $1,115.21 $49,368.93
89 2028/07 $744.95 $370.27 $0.00 $0.00 $0.00 $1,115.21 $48,623.98
90 2028/08 $750.53 $364.68 $0.00 $0.00 $0.00 $1,115.21 $47,873.45
91 2028/09 $756.16 $359.05 $0.00 $0.00 $0.00 $1,115.21 $47,117.29
92 2028/10 $761.83 $353.38 $0.00 $0.00 $0.00 $1,115.21 $46,355.45
93 2028/11 $767.55 $347.67 $0.00 $0.00 $0.00 $1,115.21 $45,587.91
94 2028/12 $773.30 $341.91 $0.00 $0.00 $0.00 $1,115.21 $44,814.60
95 2029/01 $779.10 $336.11 $0.00 $0.00 $0.00 $1,115.21 $44,035.50
96 2029/02 $784.95 $330.27 $0.00 $0.00 $0.00 $1,115.21 $43,250.55
97 2029/03 $721.37 $396.46 $0.00 $0.00 $0.00 $1,117.83 $42,529.18
98 2029/04 $727.98 $389.85 $0.00 $0.00 $0.00 $1,117.83 $41,801.20
99 2029/05 $734.66 $383.18 $0.00 $0.00 $0.00 $1,117.83 $41,066.54
100 2029/06 $741.39 $376.44 $0.00 $0.00 $0.00 $1,117.83 $40,325.15
101 2029/07 $748.19 $369.65 $0.00 $0.00 $0.00 $1,117.83 $39,576.97
102 2029/08 $755.04 $362.79 $0.00 $0.00 $0.00 $1,117.83 $38,821.92
103 2029/09 $761.97 $355.87 $0.00 $0.00 $0.00 $1,117.83 $38,059.96
104 2029/10 $768.95 $348.88 $0.00 $0.00 $0.00 $1,117.83 $37,291.01
105 2029/11 $776.00 $341.83 $0.00 $0.00 $0.00 $1,117.83 $36,515.01
106 2029/12 $783.11 $334.72 $0.00 $0.00 $0.00 $1,117.83 $35,731.90
107 2030/01 $790.29 $327.54 $0.00 $0.00 $0.00 $1,117.83 $34,941.61
108 2030/02 $797.54 $320.30 $0.00 $0.00 $0.00 $1,117.83 $34,144.07
109 2030/03 $804.85 $312.99 $0.00 $0.00 $0.00 $1,117.83 $33,339.23
110 2030/04 $812.22 $305.61 $0.00 $0.00 $0.00 $1,117.83 $32,527.00
111 2030/05 $819.67 $298.16 $0.00 $0.00 $0.00 $1,117.83 $31,707.33
112 2030/06 $827.18 $290.65 $0.00 $0.00 $0.00 $1,117.83 $30,880.15
113 2030/07 $834.77 $283.07 $0.00 $0.00 $0.00 $1,117.83 $30,045.39
114 2030/08 $842.42 $275.42 $0.00 $0.00 $0.00 $1,117.83 $29,202.97
115 2030/09 $850.14 $267.69 $0.00 $0.00 $0.00 $1,117.83 $28,352.83
116 2030/10 $857.93 $259.90 $0.00 $0.00 $0.00 $1,117.83 $27,494.90
117 2030/11 $865.80 $252.04 $0.00 $0.00 $0.00 $1,117.83 $26,629.10
118 2030/12 $873.73 $244.10 $0.00 $0.00 $0.00 $1,117.83 $25,755.37
119 2031/01 $881.74 $236.09 $0.00 $0.00 $0.00 $1,117.83 $24,873.63
120 2031/02 $889.82 $228.01 $0.00 $0.00 $0.00 $1,117.83 $23,983.80
121 2031/03 $840.45 $259.82 $0.00 $0.00 $0.00 $1,100.28 $23,143.35
122 2031/04 $849.56 $250.72 $0.00 $0.00 $0.00 $1,100.28 $22,293.79
123 2031/05 $858.76 $241.52 $0.00 $0.00 $0.00 $1,100.28 $21,435.03
124 2031/06 $868.06 $232.21 $0.00 $0.00 $0.00 $1,100.28 $20,566.97
125 2031/07 $877.47 $222.81 $0.00 $0.00 $0.00 $1,100.28 $19,689.50
126 2031/08 $886.97 $213.30 $0.00 $0.00 $0.00 $1,100.28 $18,802.52
127 2031/09 $896.58 $203.69 $0.00 $0.00 $0.00 $1,100.28 $17,905.94
128 2031/10 $906.30 $193.98 $0.00 $0.00 $0.00 $1,100.28 $16,999.64
129 2031/11 $916.11 $184.16 $0.00 $0.00 $0.00 $1,100.28 $16,083.53
130 2031/12 $926.04 $174.24 $0.00 $0.00 $0.00 $1,100.28 $15,157.49
131 2032/01 $936.07 $164.21 $0.00 $0.00 $0.00 $1,100.28 $14,221.42
132 2032/02 $946.21 $154.07 $0.00 $0.00 $0.00 $1,100.28 $13,275.21
133 2032/03 $956.46 $143.81 $0.00 $0.00 $0.00 $1,100.28 $12,318.75
134 2032/04 $966.82 $133.45 $0.00 $0.00 $0.00 $1,100.28 $11,351.92
135 2032/05 $977.30 $122.98 $0.00 $0.00 $0.00 $1,100.28 $10,374.63
136 2032/06 $987.89 $112.39 $0.00 $0.00 $0.00 $1,100.28 $9,386.74
137 2032/07 $998.59 $101.69 $0.00 $0.00 $0.00 $1,100.28 $8,388.15
138 2032/08 $1,009.41 $90.87 $0.00 $0.00 $0.00 $1,100.28 $7,378.75
139 2032/09 $1,020.34 $79.94 $0.00 $0.00 $0.00 $1,100.28 $6,358.41
140 2032/10 $1,031.39 $68.88 $0.00 $0.00 $0.00 $1,100.28 $5,327.01
141 2032/11 $1,042.57 $57.71 $0.00 $0.00 $0.00 $1,100.28 $4,284.45
142 2032/12 $1,053.86 $46.41 $0.00 $0.00 $0.00 $1,100.28 $3,230.58
143 2033/01 $1,065.28 $35.00 $0.00 $0.00 $0.00 $1,100.28 $2,165.30
144 2033/02 $1,076.82 $23.46 $0.00 $0.00 $0.00 $1,100.28 $1,088.49
145 2033/03 $1,088.49 $13.61 $0.00 $0.00 $0.00 $1,102.09 $0.00
Totals $116,500.00 $45,438.34 $0.00 $0.00 $0.00 $161,938.34
Home Value:
Principal:
Initial Interest Rate:
Amortization Term:
Adjustment Term
Adjustment Rate
PMI:
Property Tax:
Insurance /mo:
Start Date:
Adjustment Type
Number of Payments: 145
Monthly Payment: ~$1,102.09
Pay Off Date: 2033/03
Total Interest Paid: $45,438.34
Total PMI Paid: $0.00
Total Tax Paid: $0.00
Total Insurance Paid: $0.00
Total Amount Paid: $161,938.34

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