Sam Jones is closing on a 30-year 5/1 Hybrid Adjustable-Rate Mortgage for 250,000. The starting rate on his loan is 3.25%. The Index on the loan is the 1 Year T-Bill. For the purpose of this exercise, the T-Bill is at 2.75 at the time of the loan closing; it is at 3.75 at the end of the fifth year, and at 4.25 at the end of the sixth year. The margin on the loan is 3.00. The Caps are 3/2/6.