Adjustable Rate Mortgage Calculator

The Adjustable Rate Mortgage Calculator template is a tool designed to help users calculate their loan payments and track the amortization schedule for an adjustable rate mortgage. With this template, users can input their loan amount, term, starting interest rate, and first payment date to determine their monthly payments. The template also provides a summary of total payments, total interest, total principal, and the internal rate of return. Additionally, users can access an amortization schedule that includes payment dates, interest rates, payment amounts, extra payments, interest paid, principal paid, and the remaining balance. This template is useful for individuals or professionals in the mortgage industry who need to analyze and manage adjustable rate mortgages effectively.