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5/5 ARM

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It's All in the MATH!

Adjustable Rate Mortgages (ARM) are different than what you may think. With SRP's 5/5 ARM you can save big! Your interest stays fixed for 5 years. And after 5 years? The interest rate is capped so there will be no surprises. And while many institutions use a more risky interest rate index, SRP uses the stable T-Bill index.*

It really is all in the math! Take a look at this example for a $200,000 mortgage loan.

  5/5 ARM Fixed Rate

Interest Rate*

3% 5%

Principal and Interest - Monthly

$843.20 $1,043.29

5 Year Spend Amount

$50, 592 $62,580

That is a savings of nearly $12,000 in five years!

As if the savings were not enough, there is more to get excited about with SRP's 5/5 ARM Loan! All 5/5 ARM Loans can take advantage of a $750 Lender Credit*.

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Questions? We are here to help you! Contact one of our Mortgage Originators today.

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*The rate is current as of April 26, 2018 and is the Credit Union's best rate. Rates and terms vary depending on loan to value ratio, credit evaluation and underwriting requirements and are subject to change without notice. After the fixed-rate period, your interest rate will adjust up or down according to market rates at the time of reset. PMI=Private Mortgage Insurance. Flood and/or property hazard insurance may be required. All Credit Union loan programs, rates, terms and conditions are subject to credit approval and may change at any time without notice. 5/5 ARM: The payment on a 30-year $120,000 5-year Adjustable-Rate Loan at 3.00% and 80% loan-to-value (LTV) is $505.92. After 5 years, the payment is $561.37. These payments do not include taxes or insurance premiums. The actual payments may be higher; and rates provided are based on current market rates and are informational only. Payments are estimates and include only principal and interest.

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