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LOAN 1 LOAN 2 LOAN 3 LOAN 4 Initial Interest Rate ? ? ? ? Loan Maturity ( years ) 2 0 2 0 2

LOAN 1 LOAN 2 LOAN 3 LOAN 4
Initial Interest Rate ????
Loan Maturity (years)20202020
% Margin Above Index 3%3%3%
Adjustment Interval 1 year 1 year 1 year
Points 1%1%1%1%
Interest Rate Cap NONE 1%/year 3%/year Which loan in the above table should have the lowest initial interest rate?

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