Question: BA II PLUS calulator pls A borrower takes out a 11 year adjustable rate mortgage loan for $207,756 with monthly payments. The last two years
A borrower takes out a 11 year adjustable rate mortgage loan for $207,756 with monthly payments. The last two years of the loan have a ser rate of 4%, after that, the rate con reset with a 2% annual rate cap on the root date, the composite rol is 5% What would the Your monthly payment be? A borrower takes out a 11-year adjustable rate mortgage loan for $287,756 with monthly payments. The first two years of the loon have a feaser rate of 4%, after that the rate con roset with a 2% annual roto cap. On the reset date, the compositorale is 5% What would the Year 3 monthly payment to? QUESTION 1 A borrower takes out a 11-year adjustable rate mortgage loan for $287.756 with monthly payments. The first two years of the loan have a "teaser" rate of 4%, after that the rate can reset with a 2% annual rate cap On the reset date, the composite rate is 5%. What would the Year 3 monthly payment be
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