TB MC Qu. O5-13 A borrower takes out a 30 -year... A borrower takes out a 30 year adjustable rate mortgage loan for $200.000 with monthly payments. The first two years of the loan have a "teaser" rate of 4 percent, aftet that the tate can reset with a 2 percent annual rafe cap. On the reset date, the composite rate is 5 percent What would the Year 3 monthly payment be? Multiple Cnace 51,067 3955 51071 51.168