Your sister is looking to buy a house. She has a down payment saved, but will need to borrow $200,000 to complete the purchase. She has decided to use a 30 year mortgage. She has two options: a fixed rate mortgage at 3.60%, and an 5/1 ARM with an initial interest rate of 2.75%. Both are amortizing loans. What would be her monthly payments?what would be the remaining balance on each loan after 5 years?