What is the typical cap percentage on adjustable-rate loans?

Input Loan Information: Enter your loan amount, current interest rate, and loan term.
Set Your Cap Limits: Input the cap percentages for your loan (lifetime, periodic, and initial).
View Results: The calculator will estimate your future monthly payments if rates reach the cap limit.
Analyze Scenarios: Adjust the cap and loan term to see how different caps affect your payments.

Caps typically range from 1% to 5%, depending on the loan terms.

Can I get a lower interest rate cap with a higher down payment?

Yes, larger down payments can sometimes lead to more favorable loan terms, including lower caps.

Most adjustable-rate mortgages and loans come with caps, but it’s always important to confirm with your lender.

Rates usually adjust annually, but it depends on the loan agreement.

Typically, caps are set when the loan is issued, but refinancing could help you secure a better cap.