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Bronn took out a fully amortizing, 5 / 1 hybrid, adjustable rate mortgage of $ 1 5 9 0 2 6 . 1 3 with
Bronn took out a fully amortizing, hybrid, adjustable rate mortgage of $ with year maturity.
The interest rate is indexed to SOFR and the margin is
At the time of the loan origination, SOFR was The lender, however, offers a teaser rate of during the first years.
Note that the accrual rate is still based on the SOFR and the margin. Bronn's monthly payment during the year equals $ per month.
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