How is the new rate determined on each change date for my Golden 1 First Mortgage Adjustable-Rate Loan?

There are several factors used to calculate the interest rate and payment during each change date:

• Index used for calculation
• Margin
• Per change caps
• Lifetime maximum and minimum interest rate
• Rounding

For payment calculation, the system calculates the payment using amortization to pay the unpaid principal balance over the remaining loan term. For example, if the payment change date is 12/1/2020 and the maturity date is 12/1/2030, the new payment will be calculated using a 120-month amortization period.