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Home value should be a number greater than 0, and greater than down payment.
$
Down payment should be a number greater than 0, and less than home value.
$
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Down payment percent should be a number between 0 and 80.
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1. Move SlidersUse the sliders to adjust the value of the home and your down payment.
2. View PaymentOur mortgage calculator updates your estimated monthly payments as you adjust the slider and the interest rate you expect to pay.
An ARM is an Adjustable Rate Mortgage. For example, a 5/1 ARM means your rate is locked in for 5 years, and then can be changed by the bank every 1 year.
Rate caps limit how high your interest rate can increase after the first 5 years.

For example in a 2/2/6 package, your rate will increase by 2% in year 6 and 2% in year 7, and will never exceed 6% higher than the original rate for the rest of the loan.
Caps
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APR should be a number between 0 and 50.

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