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You are purchasing a home for $473,404. You are going to finance 80% of the purchase with a 5/1 adjustable-rate mortgage. The current rate on

You are purchasing a home for $473,404. You are going to finance 80% of the purchase with a 5/1 adjustable-rate mortgage. The current rate on the mortgage is 3.97% but it will adjust to 5.46% after 5 years How much will your current mortgage payment be?

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