| Mortgage amount | Original or expected balance for your mortgage. |
| Starting interest rate | Initial annual interest rate for this mortgage |
| Term in years | The number of years over which you will repay this loan. The most common mortgage terms are 15 years and 30 years. |
| Interest rate cap | This is the highest interest rate allowed by your mortgage. Your actual interest rate will not be adjusted above this rate. |
| Expected Adjustment | The amount you believe that your mortgage's interest rate will change. This amount will be added to or subtracted from your interest rate. |
| Months between adjustments | The number of payment periods between potential adjustments to your interest rate. The most common is 12 months, which means your payment could change at most once per year. |
| Starting monthly payment | Monthly principal and interest payment (PI) based on your beginning balance and starting interest rate. |
| Total payments | Total of all monthly payments over the full term of the mortgage. This total payment amount assumes that there are no prepayments of principal. |
| Total interest | Total of all interest paid over the full term of the mortgage. This total interest amount assumes that there are no prepayments of principal. |
