A PNCU 7/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate for the first 7 years of the loan and will adjust every year thereafter.
A PNCU 7/1 Adjustable Rate Mortgage (ARM) offers a fixed interest rate for the first 7 years of the loan and will adjust every year thereafter.
Program | Maximum Term | Interest Rate* | APR* | Fully Indexed Rate | Monthly Payment per $1,000** |
---|---|---|---|---|---|
5/1 ARM | 30 Years | 6.000% | 7.247% | 7.875% | $6.00 |
7/1 ARM | 30 Years | 6.125% | 7.097% | 7.875% | $6.08 |
10/1 ARM | 30 Years | 6.375% | 7.021% | 7.875% | $6.24 |
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