D Question 11 An ARM loan, Loan amount - $250,000; Monthly Payments, Index - 1-Year Treasury bill. Index at the end of year 1 is 7%. Index at the end of year 2 is 6.5% Index at the end of year 3 is 8.0%. One Year Adjustable, Margin = 1.50%, Term = 30 years, Interest Rate Caps: annual 2% and life 5.5%, Teaser Rate - 5%. The loan has negative amortization. Loan balance in year 3 $227.522.01 $244,957.23 $219.483.36 $236.032.49 Previous Next D Question 11 An ARM loan, Loan amount - $250,000; Monthly Payments, Index - 1-Year Treasury bill. Index at the end of year 1 is 7%. Index at the end of year 2 is 6.5% Index at the end of year 3 is 8.0%. One Year Adjustable, Margin = 1.50%, Term = 30 years, Interest Rate Caps: annual 2% and life 5.5%, Teaser Rate - 5%. The loan has negative amortization. Loan balance in year 3 $227.522.01 $244,957.23 $219.483.36 $236.032.49 Previous Next