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You have an ARM dan with $200,000 with 30 years with payment cap year over year at 5%. The teaser rate is 2.5%, monthly payment.

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You have an ARM dan with $200,000 with 30 years with payment cap year over year at 5%. The teaser rate is 2.5%, monthly payment. Assume that the mortgage rate adjust to 5 in year 2 18. What is the monthly payment for year 17 591997 $790.24 $852.33 $814.36 Previous

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