Atlanta, Decatur and Buckhead real estate and homes for sale in Georgia, Morningside Area, Virginia Highland Area - The Zac Team, REALTORS® The Zac Team REALTORS(r) for Atlanta, Decatur and Buckhead, Georgia real estate, Morningside Area, Virginia Highland Area - NUMBER1EXPERTS™ The Zac Team NUMBER1EXPERTS(tm) for Atlanta, Decatur and Buckhead, Georgia real estate, Morningside Area, Virginia Highland Area
View Contact Information for The Zac Team, Realtor(r) serving Atlanta, Decatur and Buckhead, GA in Fulton DeKalb County > Pop-Up Window
Click to Email The Zac Team, REALTOR(r) serving Atlanta, Decatur and Buckhead, GA in Fulton DeKalb County
Login
Site Map
The Zac Team, REALTOR®, real estate agents and broker for Atlanta, Decatur and Buckhead Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)


Careers

Free Home Evaluation



Free Email Listing Updates

Facebook

Facebook Fan Page

Linked In

Twitter

Plaxo

Ready to sell your Atlanta home? Starting your home search? Our Zac Team real estate agents will help you navigate the housing market! 404.564.7200.


Request Our Free Relocation Package!
Moving your family to another town or state is a major event in your life! We have helped many families and individuals relocate!
Find Out More >
View All Offers >


Exuberantly upbeat and positive!
Zac's knowledge and expertise were invaluable.
Jed Brody
Read Quote >
View All Quotes >


Compare three mortgages at one time. Download TripleCalc now. It's free.

Real Estate - Homes - NUMBER1EXPERTS Sell More!
The Zac Team are some of The Top Selling Real Estate Experts™
Find Out More >
Mortgage Calculators: Atlanta, Decatur and Buckhead Georgia home buying, real estate listings, and homes for sale in Fulton DeKalb County, GA
Welcome > Resources > Mortgage Calculators > Fixed or Adjustable Rate ...


The Best Mortgage Calculators On the Web! 

Please try our Java loan and mortgage calculators. They take a minute to load, but they are worth it! Each calculator has dynamic graphs and charts that change - right before your eyes - as you enter different information. Each financial calculator also includes a View Report option. The mortgage repayment schedule and other reports are fully customizable. These reports are designed for you to print out and keep... 

Fixed or Adjustable Rate?

A fixed rate mortgage has the same payment for the entire term of the loan. An adjustable rate mortgage (ARM) has a rate that can change, causing your monthly payment to increase or decrease. Use this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM.

This Financial Calculator requires a Browser with Java Support



Definitions

Fixed Rate Mortgage
A fixed rate mortgage has the same interest rate and monthly payment throughout the term of the mortgage. The payment is calculated to payoff the mortgage balance at the end of the term. The most common terms are 15 year and 30 years.

Fully Amortizing ARM
This is the most common type of ARM. The monthly payment is calculated to payoff the entire mortgage balance at the end of the term. The term is typically 30 years. After any fixed interest rate period has passed, the interest rate and payment adjusts annually. A Fully Amortizing ARM will also have a maximum rate that it will not exceed. This calculator uses a maximum interest rate of 12%. Below is a list of the most common types of Fully Amortizing ARMs.

Common Adjustable Rate Mortgages
ARM TypeMonths Fixed
10/1 ARMFixed for 120 months, adjusts annually for the remaining term of the loan.
7/1 ARMFixed for 84 months, adjusts annually for the remaining term of the loan.
5/1 ARMFixed for 60 months, adjusts annually for the remaining term of the loan.
3/1 ARMFixed for 36 months, adjusts annually for the remaining term of the loan.
1 year ARMFixed for 12 months, adjusts annually for the remaining term of the loan.
Interest Only ARM
An Interest Only ARM only requires monthly interest payments. Since you are not paying any principal, as you are with the other two types of mortgages described above, this can lower your monthly payment. However, since your mortgage's principal balance is not decreased, you will have a balloon payment at the end of the mortgage's term. Like a Fully Amortizing ARM, an Interest Only ARM will often have a period where the interest rate is fixed, and then it is adjusted annually. An Interest Only ARM will also have a maximum interest rate that it will not exceed. This calculator uses a maximum interest rate of 12%.

Mortgage amount
Expected balance for your mortgage.

Term in years
The number of years over which you will repay this mortgage. The most common mortgage terms are 15 years and 30 years. Please note that for the Interest Only ARM you will have a balloon payment for the entire principal balance at the end of the loan term.

Expected rate change
The annual adjustment you expect in your ARM. The range for this calculator is minus 3% to plus 3%. Use a negative value if you believe interest rates will decrease, a positive value if you believe they will increase.

Interest rate
Annual interest rate for each mortgage type. Typically an ARM will have a lower interest rate than a fixed rate mortgage. The rate of an Interest Only ARM will vary by lender.

Months rate fixed
This is the number of months the rate is fixed for an ARM. During this period the interest rate and the monthly payment will remain fixed. The rate will then adjust annually by the expected rate change.

Interest rate cap
This is the maximum interest rate for this mortgage. The mortgage's interest rate will never exceed the interest rate cap.

Monthly payment
Monthly principal and interest payment (PI) for the Fixed Rate Mortgage and the Fully Amortizing ARM. This is an interest only payment for an Interest Only ARM.

The mortgage calculators are provided by KJE Computer Solutions, LLC and made available to NUMBER1EXPERT as self-help tools for your independent use and are not intended to provide investment advice. We can't guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.




The Zac Team, REALTOR®, real estate agents and broker for Atlanta, Decatur and Buckhead Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

The Zac Team
Ponce Realty

1057 Ponce de Leon Avenue
Atlanta, GA
30306
Phone: 404.564.7200
Toll-free: 800.510.1884
Fax: 404.564.7201
The Zac Team: mlsinatlanta@zac.biz
Zac's email: sold@zac.biz

In May of 1979, a young, mustached man sat down to take an exam that would set him on the road to mastering the art of Atlanta Intown real estate. In 1993, after several years with Coldwell Banker and then as the owner of the RE/MAX Intown franchise, Zac Pasmanick realized that he could provide the ultimate real estate service by working with his own small team of professionals instead of working solo. So Zac gathered his energy, his reserves, and a small team of 4 people and opened the doors to The Zac Team. From their small office on Piedmont Road, The Zac Team’s professional agents set to work perfecting the home selling and buying process.

In 1995, the “Zac Did It Again!” signs made their first debut on homes in Morningside and Virginia Highland. The current incarnation of The Zac Report soon followed - forever changing the face of Atlanta Intown real estate. Between his involvement in the local community and his strong marketing and branding strategies, hardly anyone can live inside 285 and not know of Zac.

As Zac and his team expanded, so did the number of families served and the need for a larger, better space to serve clients became more apparent. So Zac ventured two miles from his home base in Morningside to find the team’s new home on the border of Virginia Highland and Poncey-Highland. Since 2004, this convenient location on Ponce De Leon Avenue right next to the Majestic Diner has pleased both Zac Team clients and members with its top notch customer service.

On June 24th, 2010, Zac revolutionized the face of Atlanta real estate yet again. After 25 rewarding years with RE/MAX, Zac reopened his doors under his own, new brokerage Ponce Realty. As the Broker for Ponce Realty, Zac offers training, expertise, and a virtual office for REALTORS located across metro Atlanta and, as the team leader for The Zac Team @ Ponce Realty, Zac assists home sellers and buyers within his specialty – the intown Atlanta neighborhoods.

Today, Ponce Realty’s outstanding agents continue to set the standard for customer service in the real estate industry. While the many awards and accolades that Zac has received throughout the years show nicely, what speaks louder than words is the delightfulness of our past clients and the more than 4,000 happy homes we have helped people buy and sell over the years. From luxury homes to short sales, Ponce Realty has the knowledge and experience to help you navigate this complicated world of real estate.

Zac’s designations include Certified Distressed Property Expert (CDPE), Certified Residential Specialist (CRB), Certified Residential Brokerage (CRB), GRI, Life Member Atlanta Board of Realtors' Million Dollar Club, Five Star Professional Foreclosure REO (Real Estate Owned) Specialist, and Short Sale Specialist.

Website Hits
Freelance Writing

ABR CRB CRS Equal Housing GRI MLS REALTOR




RE/MAX Greater Atlanta real estate and homes for sale in Atlanta, Decatur and Buckhead Georgia

www.mlsinatlanta.com is brought to you by The Zac Team
NUMBER1EXPERTS™ in real estate for Atlanta, Decatur and Buckhead, Georgia, Morningside Area, Virginia Highland Area

Read our Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge




USA and Canada Real Estate - NUMBER1EXPERT
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.



This Atlanta, Decatur and Buckhead Georgia web site is brought to you by The Zac Team, REALTOR®















Return to Top >Morningside Area, Virginia Highland Area