Mortgage Amortization Report (Variable Rate)

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Amortization Summary

Based on your input, to maintain a variable-rate mortgage of $148,600.00 at 2.99% initial interest rate set to increase by 1.01% every 3 years, you will need to have a monthly payment of approx. ~$1,366.01.

Instead of closing on 2024/05, as a result of the changes in interest rate, your mortgage will close on 2024/10 where you will make a total of 126 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: 126
Monthly Payment: ~$1,366.01
Pay Off Date: 2024/10
Total Interest Paid: $30,500.16
Total PMI Paid: $0.00
Total Tax Paid: $0.00
Total Insurance Paid: $0.00
Total Amount Paid: $179,100.16

Amortization Chart

Date Principal Interest PMI Tax Insurance Monthly Balance
1 2014/05 $1,063.95 $370.26 $0.00 $0.00 $0.00 $1,434.21 $147,536.05
2 2014/06 $1,066.60 $367.61 $0.00 $0.00 $0.00 $1,434.21 $146,469.46
3 2014/07 $1,069.25 $364.95 $0.00 $0.00 $0.00 $1,434.21 $145,400.20
4 2014/08 $1,071.92 $362.29 $0.00 $0.00 $0.00 $1,434.21 $144,328.29
5 2014/09 $1,074.59 $359.62 $0.00 $0.00 $0.00 $1,434.21 $143,253.70
6 2014/10 $1,077.27 $356.94 $0.00 $0.00 $0.00 $1,434.21 $142,176.43
7 2014/11 $1,079.95 $354.26 $0.00 $0.00 $0.00 $1,434.21 $141,096.48
8 2014/12 $1,082.64 $351.57 $0.00 $0.00 $0.00 $1,434.21 $140,013.84
9 2015/01 $1,085.34 $348.87 $0.00 $0.00 $0.00 $1,434.21 $138,928.50
10 2015/02 $1,088.04 $346.16 $0.00 $0.00 $0.00 $1,434.21 $137,840.46
11 2015/03 $1,090.75 $343.45 $0.00 $0.00 $0.00 $1,434.21 $136,749.70
12 2015/04 $1,093.47 $340.73 $0.00 $0.00 $0.00 $1,434.21 $135,656.23
13 2015/05 $1,096.20 $338.01 $0.00 $0.00 $0.00 $1,434.21 $134,560.03
14 2015/06 $1,098.93 $335.28 $0.00 $0.00 $0.00 $1,434.21 $133,461.11
15 2015/07 $1,101.67 $332.54 $0.00 $0.00 $0.00 $1,434.21 $132,359.44
16 2015/08 $1,104.41 $329.80 $0.00 $0.00 $0.00 $1,434.21 $131,255.03
17 2015/09 $1,107.16 $327.04 $0.00 $0.00 $0.00 $1,434.21 $130,147.87
18 2015/10 $1,109.92 $324.29 $0.00 $0.00 $0.00 $1,434.21 $129,037.94
19 2015/11 $1,112.69 $321.52 $0.00 $0.00 $0.00 $1,434.21 $127,925.26
20 2015/12 $1,115.46 $318.75 $0.00 $0.00 $0.00 $1,434.21 $126,809.80
21 2016/01 $1,118.24 $315.97 $0.00 $0.00 $0.00 $1,434.21 $125,691.56
22 2016/02 $1,121.03 $313.18 $0.00 $0.00 $0.00 $1,434.21 $124,570.53
23 2016/03 $1,123.82 $310.39 $0.00 $0.00 $0.00 $1,434.21 $123,446.71
24 2016/04 $1,126.62 $307.59 $0.00 $0.00 $0.00 $1,434.21 $122,320.10
25 2016/05 $1,129.43 $304.78 $0.00 $0.00 $0.00 $1,434.21 $121,190.67
26 2016/06 $1,132.24 $301.97 $0.00 $0.00 $0.00 $1,434.21 $120,058.43
27 2016/07 $1,135.06 $299.15 $0.00 $0.00 $0.00 $1,434.21 $118,923.37
28 2016/08 $1,137.89 $296.32 $0.00 $0.00 $0.00 $1,434.21 $117,785.48
29 2016/09 $1,140.72 $293.48 $0.00 $0.00 $0.00 $1,434.21 $116,644.75
30 2016/10 $1,143.57 $290.64 $0.00 $0.00 $0.00 $1,434.21 $115,501.19
31 2016/11 $1,146.42 $287.79 $0.00 $0.00 $0.00 $1,434.21 $114,354.77
32 2016/12 $1,149.27 $284.93 $0.00 $0.00 $0.00 $1,434.21 $113,205.50
33 2017/01 $1,152.14 $282.07 $0.00 $0.00 $0.00 $1,434.21 $112,053.36
34 2017/02 $1,155.01 $279.20 $0.00 $0.00 $0.00 $1,434.21 $110,898.35
35 2017/03 $1,157.89 $276.32 $0.00 $0.00 $0.00 $1,434.21 $109,740.47
36 2017/04 $1,160.77 $273.44 $0.00 $0.00 $0.00 $1,434.21 $108,579.70
37 2017/05 $1,063.77 $361.93 $0.00 $0.00 $0.00 $1,425.70 $107,515.93
38 2017/06 $1,067.32 $358.39 $0.00 $0.00 $0.00 $1,425.70 $106,448.61
39 2017/07 $1,070.87 $354.83 $0.00 $0.00 $0.00 $1,425.70 $105,377.74
40 2017/08 $1,074.44 $351.26 $0.00 $0.00 $0.00 $1,425.70 $104,303.30
41 2017/09 $1,078.02 $347.68 $0.00 $0.00 $0.00 $1,425.70 $103,225.27
42 2017/10 $1,081.62 $344.08 $0.00 $0.00 $0.00 $1,425.70 $102,143.66
43 2017/11 $1,085.22 $340.48 $0.00 $0.00 $0.00 $1,425.70 $101,058.43
44 2017/12 $1,088.84 $336.86 $0.00 $0.00 $0.00 $1,425.70 $99,969.59
45 2018/01 $1,092.47 $333.23 $0.00 $0.00 $0.00 $1,425.70 $98,877.13
46 2018/02 $1,096.11 $329.59 $0.00 $0.00 $0.00 $1,425.70 $97,781.01
47 2018/03 $1,099.76 $325.94 $0.00 $0.00 $0.00 $1,425.70 $96,681.25
48 2018/04 $1,103.43 $322.27 $0.00 $0.00 $0.00 $1,425.70 $95,577.82
49 2018/05 $1,107.11 $318.59 $0.00 $0.00 $0.00 $1,425.70 $94,470.71
50 2018/06 $1,110.80 $314.90 $0.00 $0.00 $0.00 $1,425.70 $93,359.91
51 2018/07 $1,114.50 $311.20 $0.00 $0.00 $0.00 $1,425.70 $92,245.41
52 2018/08 $1,118.22 $307.48 $0.00 $0.00 $0.00 $1,425.70 $91,127.19
53 2018/09 $1,121.94 $303.76 $0.00 $0.00 $0.00 $1,425.70 $90,005.25
54 2018/10 $1,125.68 $300.02 $0.00 $0.00 $0.00 $1,425.70 $88,879.56
55 2018/11 $1,129.44 $296.27 $0.00 $0.00 $0.00 $1,425.70 $87,750.13
56 2018/12 $1,133.20 $292.50 $0.00 $0.00 $0.00 $1,425.70 $86,616.93
57 2019/01 $1,136.98 $288.72 $0.00 $0.00 $0.00 $1,425.70 $85,479.95
58 2019/02 $1,140.77 $284.93 $0.00 $0.00 $0.00 $1,425.70 $84,339.18
59 2019/03 $1,144.57 $281.13 $0.00 $0.00 $0.00 $1,425.70 $83,194.61
60 2019/04 $1,148.39 $277.32 $0.00 $0.00 $0.00 $1,425.70 $82,046.22
61 2019/05 $1,152.21 $273.49 $0.00 $0.00 $0.00 $1,425.70 $80,894.01
62 2019/06 $1,156.05 $269.65 $0.00 $0.00 $0.00 $1,425.70 $79,737.95
63 2019/07 $1,159.91 $265.79 $0.00 $0.00 $0.00 $1,425.70 $78,578.04
64 2019/08 $1,163.77 $261.93 $0.00 $0.00 $0.00 $1,425.70 $77,414.27
65 2019/09 $1,167.65 $258.05 $0.00 $0.00 $0.00 $1,425.70 $76,246.61
66 2019/10 $1,171.55 $254.16 $0.00 $0.00 $0.00 $1,425.70 $75,075.07
67 2019/11 $1,175.45 $250.25 $0.00 $0.00 $0.00 $1,425.70 $73,899.62
68 2019/12 $1,179.37 $246.33 $0.00 $0.00 $0.00 $1,425.70 $72,720.25
69 2020/01 $1,183.30 $242.40 $0.00 $0.00 $0.00 $1,425.70 $71,536.95
70 2020/02 $1,187.25 $238.46 $0.00 $0.00 $0.00 $1,425.70 $70,349.70
71 2020/03 $1,191.20 $234.50 $0.00 $0.00 $0.00 $1,425.70 $69,158.50
72 2020/04 $1,195.17 $230.53 $0.00 $0.00 $0.00 $1,425.70 $67,963.33
73 2020/05 $1,148.35 $283.75 $0.00 $0.00 $0.00 $1,432.09 $66,814.98
74 2020/06 $1,153.14 $278.95 $0.00 $0.00 $0.00 $1,432.09 $65,661.84
75 2020/07 $1,157.95 $274.14 $0.00 $0.00 $0.00 $1,432.09 $64,503.89
76 2020/08 $1,162.79 $269.30 $0.00 $0.00 $0.00 $1,432.09 $63,341.10
77 2020/09 $1,167.64 $264.45 $0.00 $0.00 $0.00 $1,432.09 $62,173.45
78 2020/10 $1,172.52 $259.57 $0.00 $0.00 $0.00 $1,432.09 $61,000.94
79 2020/11 $1,177.41 $254.68 $0.00 $0.00 $0.00 $1,432.09 $59,823.52
80 2020/12 $1,182.33 $249.76 $0.00 $0.00 $0.00 $1,432.09 $58,641.19
81 2021/01 $1,187.27 $244.83 $0.00 $0.00 $0.00 $1,432.09 $57,453.93
82 2021/02 $1,192.22 $239.87 $0.00 $0.00 $0.00 $1,432.09 $56,261.71
83 2021/03 $1,197.20 $234.89 $0.00 $0.00 $0.00 $1,432.09 $55,064.51
84 2021/04 $1,202.20 $229.89 $0.00 $0.00 $0.00 $1,432.09 $53,862.31
85 2021/05 $1,207.22 $224.88 $0.00 $0.00 $0.00 $1,432.09 $52,655.09
86 2021/06 $1,212.26 $219.84 $0.00 $0.00 $0.00 $1,432.09 $51,442.83
87 2021/07 $1,217.32 $214.77 $0.00 $0.00 $0.00 $1,432.09 $50,225.51
88 2021/08 $1,222.40 $209.69 $0.00 $0.00 $0.00 $1,432.09 $49,003.11
89 2021/09 $1,227.50 $204.59 $0.00 $0.00 $0.00 $1,432.09 $47,775.61
90 2021/10 $1,232.63 $199.46 $0.00 $0.00 $0.00 $1,432.09 $46,542.98
91 2021/11 $1,237.78 $194.32 $0.00 $0.00 $0.00 $1,432.09 $45,305.21
92 2021/12 $1,242.94 $189.15 $0.00 $0.00 $0.00 $1,432.09 $44,062.26
93 2022/01 $1,248.13 $183.96 $0.00 $0.00 $0.00 $1,432.09 $42,814.13
94 2022/02 $1,253.34 $178.75 $0.00 $0.00 $0.00 $1,432.09 $41,560.79
95 2022/03 $1,258.58 $173.52 $0.00 $0.00 $0.00 $1,432.09 $40,302.21
96 2022/04 $1,263.83 $168.26 $0.00 $0.00 $0.00 $1,432.09 $39,038.38
97 2022/05 $1,269.11 $162.99 $0.00 $0.00 $0.00 $1,432.09 $37,769.27
98 2022/06 $1,274.41 $157.69 $0.00 $0.00 $0.00 $1,432.09 $36,494.87
99 2022/07 $1,279.73 $152.37 $0.00 $0.00 $0.00 $1,432.09 $35,215.14
100 2022/08 $1,285.07 $147.02 $0.00 $0.00 $0.00 $1,432.09 $33,930.07
101 2022/09 $1,290.43 $141.66 $0.00 $0.00 $0.00 $1,432.09 $32,639.64
102 2022/10 $1,295.82 $136.27 $0.00 $0.00 $0.00 $1,432.09 $31,343.81
103 2022/11 $1,301.23 $130.86 $0.00 $0.00 $0.00 $1,432.09 $30,042.58
104 2022/12 $1,306.66 $125.43 $0.00 $0.00 $0.00 $1,432.09 $28,735.92
105 2023/01 $1,312.12 $119.97 $0.00 $0.00 $0.00 $1,432.09 $27,423.80
106 2023/02 $1,317.60 $114.49 $0.00 $0.00 $0.00 $1,432.09 $26,106.20
107 2023/03 $1,323.10 $108.99 $0.00 $0.00 $0.00 $1,432.09 $24,783.10
108 2023/04 $1,328.62 $103.47 $0.00 $0.00 $0.00 $1,432.09 $23,454.48
109 2023/05 $1,248.34 $117.66 $0.00 $0.00 $0.00 $1,366.01 $22,206.13
110 2023/06 $1,254.61 $111.40 $0.00 $0.00 $0.00 $1,366.01 $20,951.53
111 2023/07 $1,260.90 $105.11 $0.00 $0.00 $0.00 $1,366.01 $19,690.63
112 2023/08 $1,267.23 $98.78 $0.00 $0.00 $0.00 $1,366.01 $18,423.40
113 2023/09 $1,273.58 $92.42 $0.00 $0.00 $0.00 $1,366.01 $17,149.82
114 2023/10 $1,279.97 $86.03 $0.00 $0.00 $0.00 $1,366.01 $15,869.85
115 2023/11 $1,286.39 $79.61 $0.00 $0.00 $0.00 $1,366.01 $14,583.45
116 2023/12 $1,292.85 $73.16 $0.00 $0.00 $0.00 $1,366.01 $13,290.61
117 2024/01 $1,299.33 $66.67 $0.00 $0.00 $0.00 $1,366.01 $11,991.27
118 2024/02 $1,305.85 $60.16 $0.00 $0.00 $0.00 $1,366.01 $10,685.42
119 2024/03 $1,312.40 $53.61 $0.00 $0.00 $0.00 $1,366.01 $9,373.02
120 2024/04 $1,318.99 $47.02 $0.00 $0.00 $0.00 $1,366.01 $8,054.04
121 2024/05 $1,325.60 $40.40 $0.00 $0.00 $0.00 $1,366.01 $6,728.43
122 2024/06 $1,332.25 $33.75 $0.00 $0.00 $0.00 $1,366.01 $5,396.18
123 2024/07 $1,338.94 $27.07 $0.00 $0.00 $0.00 $1,366.01 $4,057.25
124 2024/08 $1,345.65 $20.35 $0.00 $0.00 $0.00 $1,366.01 $2,711.59
125 2024/09 $1,352.40 $13.60 $0.00 $0.00 $0.00 $1,366.01 $1,359.19
126 2024/10 $1,359.19 $6.82 $0.00 $0.00 $0.00 $1,366.01 $0.00
Totals $148,600.00 $30,500.16 $0.00 $0.00 $0.00 $179,100.16
Home Value:
Principal:
Initial Interest Rate:
Amortization Term:
Adjustment Term
Adjustment Rate
PMI:
Property Tax:
Insurance /mo:
Start Date:
Adjustment Type
Number of Payments: 126
Monthly Payment: ~$1,366.01
Pay Off Date: 2024/10
Total Interest Paid: $30,500.16
Total PMI Paid: $0.00
Total Tax Paid: $0.00
Total Insurance Paid: $0.00
Total Amount Paid: $179,100.16

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