Question
You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates
You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates indexed to LIBOR, which was 3.24% at the time of origination. What is the anticipated size of the 85th monthly payment of this ARM Loan if interest rates are assumed not to change?
You have been offered a $500k 7/1 Hybrid ARM Loan with 1pt in origination fees, teaser of 4.8%, margin of 288bp, and future composite rates indexed to LIBOR, which was 3.24% at the time of origination. What is the size of the 6th monthly payment of this ARM Loan?
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