Mathematics, 23.09.2019 11:30 devenairefp85xfg

Izzy has obtained a 5/1 30-year arm to purchase a $165,000 home. the fixed-interest rate is 4.75%, followed by a 5% rate with a 1.5% margin. what will her new monthly payment be after the initial fixed period ends?
a. $1019.37
b. $1417.34
c. $1104.70
d. $1207.98

Answers: 1

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Izzy has obtained a 5/1 30-year arm to purchase a $165,000 home. the fixed-interest rate is 4.75%, f...

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Izzy has obtained a 5/1 30-year arm to purchase a $165,000 home. the fixed-interest rate is 4.75%, followed by a 5% rate with a 1.5% margin. what will her new monthly payment be after the initial fixed period ends? a. $1019.37 b. $1417.34 c. $1104.70 d. $1207.98

Answers

Another question on Mathematics

Izzy has obtained a 5/1 30-year arm to purchase a $165,000 home. the fixed-interest rate is 4.75%, followed by a 5% rate with a 1.5% margin. what will her new monthly payment be after the initial fixed period ends?
a. $1019.37
b. $1417.34
c. $1104.70
d. $1207.98