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jakemorris84
jakemorris84 jakemorris84
  • 05-02-2017
  • Mathematics
Answered

Brad and Angela are purchasing a house with a 15-year, 3/1 ARM for $185,000 at 4.15% with a 2/10 cap structure. What will the difference in payments be from year 3 to year 4?

Verified Answer :

Neang
Neang Neang
  • 05-02-2017

I'm pretty sure it's $157.84

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