---
tags: Loans, ML07065P3, 2.09, Priority 16
---
# 2.09 Periodic ARM Disclosures (SPLF Version) ML07065P3

@{
var throwError=true;
var jsonHelper = Model.GetJsonHelper(Model.Sequence.Data, throwError);

}

## Changes to Your Mortgage Interest Rate and Payments on @jsonHelper.GetValue("?")

Under the terms of your Adjustable Rate Mortgage (ARM), you had a 12 month period during which your interest rate stayed the same. That period ends on Tue, February 1, 2022. On that date your interest rate and mortgage payment change. Your interest rate may change every 12 months for the rest of your loan term.<br/>
<br/>

| | Current Rate<br/>and<br/>Monthly Payment | New Rate<br/>and<br/>Monthly Payment |
| :------- | -------: | -------: |
| Interest<br/>rate | @jsonHelper.GetValue("?") | @jsonHelper.GetValue("?") |
| Principal<br/>and Interest | @jsonHelper.GetValue("?") | @jsonHelper.GetValue("?") |
| Escow (Taxes<br/>and Insurance) | @jsonHelper.GetValue("?") | @jsonHelper.GetValue("?") |
| **Total**<br/>**Monthly Payment** | **@jsonHelper.GetValue("?")** | **@jsonHelper.GetValue("?")** |

<br/>

### Interest Rate
We calculated your interest rate by taking a published “index rate” and adding a certain number of percentage points, called the “margin.” Under your loan agreement, your index rate is @jsonHelper.GetValue("?")% and your margin is @jsonHelper.GetValue("?")%. Your index is the @jsonHelper.GetValue("?")% and is published in the ???????. If necessary, the resulting rate is rounded to the nearest @jsonHelper.GetValue("?")%. The result is then compared to any rate cap limitation that may be in effect on your loan.<br/>
### Rate Limit(s)
Your rate cannot go higher than @jsonHelper.GetValue("?")% or lower than @jsonHelper.GetValue("?")% over the life of the loan. Your rate can change every 12 months by no more than @jsonHelper.GetValue("?")%. We did not include an additional @jsonHelper.GetValue("?")% interest rate increase to your new rate because a rate limit applied.<br/>
### New Interest Rate and Periodic Payment
The table above shows your new interest rate and new periodic payment. Your new payment is based on the @jsonHelper.GetValue("?"), your margin, the way the rate is rounded, your loan balance of @jsonHelper.GetValue("?"), and your remaining loan term of @jsonHelper.GetValue("?") months.<br/>
### Prepayment Penalty: None
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Thank you for your business.<br/>
<br/>
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**ML07065P3**