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Payment Option ARM Calculator
Effective Interest Rate4 (Index + Margin): 5.122% Assumptions: 1 The low initial Minimum Monthly Payment is calculated based on the low initial start rate. Rates are for calculation purposes only, please call your loan officer for rate quotes. 2 Paying the Minimum Monthly Payment will result in deferred interest, which will be added to the principal balance and increase your loan amount. This is called negative amortization. For the first 5 years the minimum payment will increase 7.5% over the previous year. 3 The Monthly Savings is calculated using the current Index + Margin. Rate increases or decreases are not computed. Monthly Savings compares the 30 Year Payment to the Minimum Payment. 4 The Effective Interest Rate is the rate the Lender charges each month. It is equal to the Index Rate + Margin. The Index + Margin yield may change each month as the Index rate changes. Cobalt Financial Corp - 10251 Vista Sorrento Pkwy - San Diego, CA 92121 Office Phone: (760) 602-2900 Fax: (760) 602-0014 Toll Free Phone: (800) 788-6522 Privacy At all times, we respect the customers privacy. We do not sell, share, or otherwise distribute any customer information, except in connection with a specific loan approval request and only with properly targeted lenders. We do not database our customer information for others to use in marketing or co-marketing. We pride ourselves in soliciting your business in a proper manner and with the intention of providing useful information. If at any time, you are excessively bothered, please let us know by phone, fax, email or just an ordinary letter. We lend in the following states: CA 
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