CitiMortgage: Choose the Right Mortgage: ARM" <META content="text/html; charset=windows-1252" http-equiv=Content-Type> <META hstrack{ChooseMortgage,MortTypesARM,every,ToolsAdvice,CitiMortgage}> <script language=JavaScript type="text/javascript"> </SCRIPT> <script language=JavaScript type="text/javascript">  </SCRIPT> <SCRIPT language=vbscript> function detect() detectWindow=null on error resume next detectWindow = MPpopup.document.title if err.number <> 0 then detectWindow=err.description else detectWindow = "Open!" end if on error goto 0 detect=detectWindow end function </SCRIPT> <script language=JavaScript type="text/javascript">  </SCRIPT> <script language=JavaScript type="text/javascript">  </SCRIPT> <LINK href="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/style.css" rel=StyleSheet type="text/css" name="cssDefault"> <META content="MSHTML 5.00.2920.0" name=GENERATOR></HEAD> <body bgcolor=white leftMargin=0 link=#4140c5 topMargin=0 marginheight="0" marginwidth="0"> <TABLE border=0 cellPadding=0 cellSpacing=0 width=527> <TBODY> <TD colSpan=9><IMG alt="Choose the right mortgage" border=0 height=25 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/pt_choosemortgage.gif" width=388></TD> <TD colSpan=3> <script language=JavaScript type="text/javascript"> function ShowLoginButton() { if(window.parent.parent.opener==null) { if(document.cookie.length>0 && document.cookie.search("SESSIONID")!=-1) { if(location.protocol=="https:") { document.write("<a href='https://secure.citimortgage.com/secure/pw.dll/Logoff' onMouseOver=\"document.logoff.src='https://secure.citimortgage.com/0/bu_logoff_on.gif'\" onMouseOut=\"document.logoff.src='https://secure.citimortgage.com/0/bu_logoff_off.gif'\" onfocus=\"this.blur();\"><img name='logoff' src='https://secure.citimortgage.com/0/bu_logoff_off.gif' width=74 height=13 alt='Logoff' border=0></a><img src='https://secure.citimortgage.com/0/0.gif' width=10 height=1 alt='' border='0'>"); }else{ document.write("<a href='https://secure.citimortgage.com/secure/pw.dll/Logoff' onMouseOver=\"document.logoff.src='http://secure.citimortgage.com/0/bu_logoff_on.gif'\" onMouseOut=\"document.logoff.src='http://secure.citimortgage.com/0/bu_logoff_off.gif'\" onfocus=\"this.blur();\"><img name='logoff' src='http://secure.citimortgage.com/0/bu_logoff_off.gif' width=74 height=13 alt='Logoff' border=0></a><img src='http://secure.citimortgage.com/0/0.gif' width=10 height=1 alt='' border='0'>"); } } } } ShowLoginButton(); </SCRIPT> </TD> </TR> <TR> <TD align=right colSpan=9 vAlign=top><IMG alt="" border=0 height=7 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/cor_pgtitle.gif" width=8></TD> <TD colSpan=3></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=pg-t color=#e41f1f face="Trebuchet MS,Arial,Helvetica" size=+1><B>Adjustable rate mortgage (ARM)</B></FONT><BR> <IMG border=0 height=6 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD colSpan=4><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=105></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=13 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>For certain people, an ARM is the right mortgage. It allows you to fix the interest rate for the length of time that you plan to hold the loan without paying extra for interest rate protection you don’t need.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=1st-lvl color=#e41f1f face="Trebuchet MS,Arial,Helvetica"><B>Advantages</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=10 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>A lower initial interest rate</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>Since the lender is taking less risk that interest rates will go up and they won’t be able to raise your rate, they offer lower initial interest rates. This means a lower monthly payment, too.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>The initial interest rate on an ARM is fixed. The main difference among ARMs is the length of this fixed period. The shorter the initial fixed period, the lower your initial rate will be.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>You can borrow more</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>If the lender is taking less risk, they are willing to loan you more money. So, if you are set on buying your dream home and you can barely afford it, this can be very helpful. </FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=1st-lvl color=#e41f1f face="Trebuchet MS,Arial,Helvetica"><B>Disadvantages</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=10 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>Your interest rate might go up</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>If interest rates go up, and you stay in the house longer than expected, you may have to face larger payments.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>So, if you plan to be in the house for 5 years and get a loan where the rate is fixed for the first 5 years but you end up holding the mortgage for 10 years, your monthly payments will probably rise.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=1st-lvl color=#e41f1f face="Trebuchet MS,Arial,Helvetica"><B>Common types of ARMs</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=10 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>10/1 ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>A loan with fixed interest rate and monthly payments for the first 10 years, and then an annually adjustable interest rate for the remaining 20 years.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>7/1 ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>A loan with fixed interest rate and monthly payments for the first 7 years, and then an annually adjustable interest rate for the remaining 23 years. </FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>5/1 ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>A loan with fixed interest rate and monthly payments for the first 5 years, and then an annually adjustable interest rate for the remaining 25 years.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>3/1 ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>A loan with fixed interest rate and monthly payments for the first 3 years, and then an annually adjustable interest rate for the remaining 27 years.</FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>1 year ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1>A 30 year loan with an interest rate and monthly payments that adjust annually. </FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=2nd-lvl face="Trebuchet MS,Arial,Helvetica" size=-1><B>6 month ARM</B></FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD></TD> <TD colSpan=7><FONT class=text face=Arial,Helvetica size=-1>A 30 year loan with an interest rate and monthly payments that adjust every 6 months. </FONT></TD> <TD colSpan=4></TD> </TR> <TR> <TD colSpan=12><IMG height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR>  <TR> <TD></TD> <TD colSpan=7><FONT class=text face=arial,helvetica size=-1><B>Example: $100,000 loan that will be paid off in 7 years.</B></FONT></TD> <TD colSpan=4></TD> </TR>  <TR> <TD></TD> <TD colSpan=11> <TABLE border=0 cellPadding=0 cellSpacing=0 width=487> <TBODY> <TR> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD>  <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=153></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=54></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=54></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=54></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=54></TD>  <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> </TR> <TR> <TD colSpan=2 rowSpan=2><IMG border=0 height=5 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/t-nw.gif" width=5></TD> <TD bgcolor="#000000" colSpan=6><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD colSpan=2 rowSpan=2><IMG border=0 height=5 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/t-ne-3c.gif" width=5></TD> </TR> <TR> <TD bgColor=#7394ad colSpan=6><IMG border=0 height=4 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgcolor="#000000" rowSpan=11><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD align="center" bgColor=#7394ad><FONT class=table-txt-a Color="#ffffff" face="Trebuchet MS,Arial,Helvetica" size=-1><B>10/1<BR> ARM</B></FONT></TD> <TD align="center" bgColor=#7394ad><FONT class=table-txt-a Color="#ffffff" face="Trebuchet MS,Arial,Helvetica" size=-1><B>7/1<BR> ARM</B></FONT></TD> <TD align="center" bgColor=#7394ad><FONT class=table-txt-a Color="#ffffff" face="Trebuchet MS,Arial,Helvetica" size=-1><B>5/1<BR> ARM</B></FONT></TD> <TD align="center" bgColor=#7394ad><FONT class=table-txt-a Color="#ffffff" face="Trebuchet MS,Arial,Helvetica" size=-1><B>3/1<BR> ARM</B></FONT></TD> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD bgcolor="#000000" rowSpan=11><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#7394ad colSpan=8><IMG border=0 height=4 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#df9f3b colSpan=8><IMG border=0 height=2 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR>  <TR> <TD bgColor=#d8e1e7><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#d8e1e7><FONT class=table-data face=Arial,Helvetica size=-1><B>Initial interest rate</B></FONT></TD> <TD bgColor=#e7eff5> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>6.875%</FONT> </DIV></TD> <TD bgColor=#d8e1e7> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>6.750%</FONT> </DIV></TD> <TD bgColor=#e7eff5> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>6.625%</FONT> </DIV></TD> <TD bgColor=#d8e1e7> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>6.250%</FONT> </DIV></TD> <TD bgColor=#d8e1e7 colSpan=2><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#f4faf9><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#f4faf9><FONT class=table-data face=Arial,Helvetica size=-1><B>Initial monthly payment</B></FONT></TD> <TD bgColor="#ffffff"> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$657</FONT> </DIV></TD> <TD bgColor=#f4faf9> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$649</FONT> </DIV></TD> <TD bgColor="#ffffff"> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$640</FONT> </DIV></TD> <TD bgColor=#f4faf9> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$615</FONT> </DIV></TD> <TD bgColor=#f4faf9 colSpan=2><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#d8e1e7><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#d8e1e7><FONT class=table-data face=Arial,Helvetica size=-1><B>Highest possible monthly payment*</B></FONT></TD> <TD bgColor=#e7eff5> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$657</FONT> </DIV></TD> <TD bgColor=#d8e1e7> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$649</FONT> </DIV></TD> <TD bgColor=#e7eff5> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$896</FONT> </DIV></TD> <TD bgColor=#d8e1e7> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$1,013</FONT> </DIV></TD> <TD bgColor=#d8e1e7 colSpan=2><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#f4faf9><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#f4faf9><FONT class=table-data face=Arial,Helvetica size=-1><B>Total possible interest(paid over 7 years*)</B></FONT></TD> <TD bgColor="#ffffff"> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$46,150</FONT> </DIV></TD> <TD bgColor=#f4faf9> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$45,270</FONT> </DIV></TD> <TD bgColor="#ffffff"> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$50,402</FONT> </DIV></TD> <TD bgColor=#f4faf9> <DIV align=center><FONT class=table-data face=Arial,Helvetica size=-1>$59,555</FONT> </DIV></TD> <TD bgColor=#f4faf9 colSpan=2><IMG border=0 height=20 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#d8e1e7><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#d8e1e7></TD> <TD bgColor=#e7eff5></TD> <TD bgColor=#d8e1e7></TD> <TD bgColor=#e7eff5></TD> <TD bgColor=#d8e1e7 colSpan=2></TD> <TD bgColor=#d8e1e7><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> </TR>  <TR> <TD bgColor=#df9f3b colSpan=8><IMG border=0 height=2 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#7394ad colSpan=8><IMG border=0 height=4 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> <TR> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> <TD bgColor=#7394ad colSpan=6><FONT class=table-foot Color="#ffffff" face=Verdana,Arial,Helvetica size=-2>* Calculated by assuming the mortgage payments would reach the interest rate cap in the minimum number of years.</FONT></TD> <TD bgColor=#7394ad><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=4></TD> </TR> <TR> <TD colSpan=2 rowSpan=2><IMG border=0 height=5 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/t-sw.gif" width=5></TD> <TD bgColor=#7394ad colSpan=6><IMG border=0 height=4 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> <TD colSpan=2 rowSpan=2><IMG border=0 height=5 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/t-se-3c.gif" width=5></TD> </TR> <TR> <TD bgcolor="#000000" colSpan=6><IMG border=0 height=1 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1></TD> </TR> </TABLE></TD> </TR>  <TR> <TD></TD> <TD colSpan=11><IMG height=32 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/0.gif" width=1><BR> <A href="javascript:history.back()"><IMG alt=Back border=0 height=16 src="file:///E|/1_PROJECTS-HARI/new_yourloan/www.citimortgage.com/glossary/CitiMortgage%20assistant_files/cm_arm_files/tw_back.gif" width=33></A></TD> </TR> </TABLE>