the second year adjusted annually 15. An interest only ARM is made for $200,000 based on a 25 year amortization. The start rate is 3.75%, during the initial period the mortgagor makes full monthly interest payments. After 3 years, the rate resets to 7%, and then the loan fully amortizes (a) what are the monthly payments during the initial period? (b) what are the monthly payments during the remaining term of the mortgage