This is the principal amount of the loan, which is the cost of the property you are purchasing.
Interest Rate (%)
The initial annual interest rate the lender is applying to the principle.
Refers to the life, or term of the loan.
Absolute Minimum Rate (%)
This refers to what the lowest interest rate on the ARM may be and is usually the rate used during the initial, or “fixed,” period of the ARM.
Absolute Maximum Rate (%)
This refers to the highest possible interest rate on the ARM may hit. Ask your Mortgage Loan Officer is the rate on your ARM is capped at a certain rate.