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Homebuyers find a dream home for $350,000 they have saved 20% down payment and are prequalified for a 20 years $280,000 fixed mortgage at 6.0%

Homebuyers find a dream home for $350,000 they have saved 20% down payment and are prequalified for a 20 years $280,000 fixed mortgage at 6.0% recalling that mortgage interest is income tax deductible find the addition net monthly savings resulting from fixed at 6.0%to an ARM with an initial rate of 5.75%. what is the net monthly savings is ?

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