Payment Option Arm Calculator

Payment Option ARM Calculator

Loan Amount:	$
Start Rate¹:		%

Current Index:		%
Margin:		%

	30 Yr Monthly Payment	Minimum Payment²	Monthly Savings³
Year 1	$0.00	$0.00	$0.00
Year 2	$0.00	$0.00	$0.00
Year 3	$0.00	$0.00	$0.00
Year 4	$0.00	$0.00	$0.00
Year 5	$0.00	$0.00	$0.00

Other Payment Options
Interest Only Payment:	$2,134.17
40 Year Payment:	$0.00
15 Year Payment:	$0.00

Effective Interest Rate⁴ (Index + Margin): 5.122%

Assumptions:

¹ The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes.

² Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year.

³ The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment.

⁴ The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes.

Bay Coast Lending, Inc. - 21855 S. Avalon Blvd., Suite 1 - Carson, CA 90745
Office Phone: 310-952-0542 Fax: 310-952-0500

We lend primarily in the following State: California

All information is deemed reliable but not guaranteed

NOTICE TO CONSUMER:

We collect nonpublic personal information about you from the following sources:

Information we receive from you on applications or other forms;
Information about your transactions with us, our affiliates, or others
Information we receive from a consumer reporting agency

We may disclose nonpublice personal information about you to the following types of third party vendors:

Financial service providers, such as mortgage bankers, securities broker-dealers, and the like
Non-financial companies, such as loan processors, escrow and title companies

We do not disclose any nonpublic information about our customers or former customers to anyone not permitted by law.

We may disclose the following information to companies that perform marketing services on our financial institutions with whom we have joint marketing ageements:

Information we receive from you on applications or other forms, such as your name, social secruity number, assets and income; Information about your transactions with us, our affiliates, or others, such as your account balance, payment history, parties to transactions and credit card usage; and
Information we receive from a consumer reporting agency, such as your creditworithiness and credit history.

We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products and services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information