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How much interest would be paid on a five-year adjustable mortgage that is interested only? The principal amount is $450,000. The teaser rate is 1.5

How much interest would be paid on a five-year adjustable mortgage that is interested only? The principal amount is $450,000. The teaser rate is 1.5 percent. The index for the rate adjustments for years 2-6 are as follows: 2.75%, 5%, 6.5%,8%. The margin is 3%. The annual cap is 2% and the maximum lifetime cap is 8.25%.

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