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Calculate the payment and rate adjustments for the following scenario. 5/1 Interest Only ARM $600k Loan amount 5% Interest Rate 30 year loan tenure Margin:
Calculate the payment and rate adjustments for the following scenario. 5/1 Interest Only ARM $600k Loan amount 5% Interest Rate 30 year loan tenure Margin: 2.75 CAPS are 3/2/6 Index: 12 Month Treasury Average 1. What is the payment on this mortgage? 2. If the 5 year fixed period ends this month using the current 12 month Treasury average, what would the fully indexed rate be? Would it be affected by the CAPS? I want you to research the web to determine what the current 12 month Treasury average is 3. If the 12 month Treasury average jumps to 3.75 for next year's adjustment, what is the new rate considering the CAPS? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph System Font V 12pt A v # 3 BO - E D $ 4 885 F % 25 MacBook Air A 6 <1 chi do 2 9 q " & 7 8 00 r t y u x h c ll f g> I 1 9 O O P J K L B N M V- H
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