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System and method for providing a custom hedged adjustable rate mortgage

  • US 20070192226A1
  • Filed: 09/20/2006
  • Published: 08/16/2007
  • Est. Priority Date: 09/20/2005
  • Status: Active Grant
First Claim
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1. A method for determining costs associated with a residential mortgage including a hedge, comprising:

  • receiving from a user variables defining the residential mortgage and the hedge to be applied to the residential mortgage;

    calculating an initial rate period rate that is associated with the residential mortgage;

    displaying to the user the initial rate period rate; and

    for each of a plurality of durations during which the hedge may be applied to the mortgage;

    calculating a hedge period rate that applies for the duration during which the hedge may be applied to the mortgage; and

    displaying the hedge period rate.

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