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 | 6.500% | 7.732% | 8.250% | $6.32 |
7/3 ARM | 30 Years | 6.750% | 7.281% | 7.500% | $6.49 |
10/1 ARM | 30 Years | 7.000% | 7.598% | 8.250% | $6.65 |
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