1/1 ARM Features

Index Used LIBOR (London InterBank Offered Rate)
Margin 2.25%
First Adjustment Date After 12 months
Adjustment Frequency Every 12 months thereafter
First Adjustment Cap 2.00%
Subsequent Annual Cap 2.00%
Lifetime Cap 6.00% above the initial start rate

3/1 ARM Features

Index Used LIBOR (London InterBank Offered Rate)
Margin 2.25%
First Adjustment Date After 36 months
Adjustment Frequency Every 12 months thereafter
First Adjustment Cap 2.00%
Subsequent Annual Cap 2.00%
Lifetime Cap 6.00% above the initial start rate

5/1 ARM Features

Index Used LIBOR (London InterBank Offered Rate)
Margin 2.25%
First Adjustment Date After 60 months
Adjustment Frequency Every 12 months thereafter
First Adjustment Cap 5.00%
Subsequent Annual Cap 2.00%
Lifetime Cap 5.00% above the initial start rate