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Homebuyer finds a home of their dreams 320,000 and they have saved 20% down payment and are prequalified for 15 year 256,000 fixed rate mortgage
Homebuyer finds a home of their dreams 320,000 and they have saved 20% down payment and are prequalified for 15 year 256,000 fixed rate mortgage at 4.5% recalling that mortgage interest is income tax deducible find the addition net monthly savings resulting from fixed at 4.5% to an ARM with an initial rate of 4.125%. What is the net monthly savings is
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