A PNCU 7/3 Adjustable Rate Mortgage (ARM) offers a fixed interest rate for the first 7 years of the loan and will adjust every 3 years thereafter.
A PNCU 7/3 Adjustable Rate Mortgage (ARM) offers a fixed interest rate for the first 7 years of the loan and will adjust every 3 years thereafter.
Program | Maximum Term | Interest Rate* | APR* | Fully Indexed Rate | Monthly Payment per $1,000** |
---|---|---|---|---|---|
5/1 ARM | 30 Years | 6.000% | 7.236% | 7.750% | $6.00 |
7/3 ARM | 30 Years | 6.250% | 6.644% | 6.750% | $6.16 |
10/1 ARM | 30 Years | 6.500% | 7.101% | 7.750% | $6.32 |
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