Question: Can I get help with these homeworks questions ? QUESTION 4 A borrower takes out a 30-year 5/1 Hybrid ARM for $500,000 with an initial

Can I get help with these homeworks questions ?
Can I get help with these homeworks questions ? QUESTION 4 A

QUESTION 4 A borrower takes out a 30-year 5/1 Hybrid ARM for $500,000 with an initial interest rate of 4.0%. The interest rate will adjust according to the 1 yr LIBOR rate, plus a margin of 3%. At the first reset date, 1 yr LIBOR is at 3%. What will the borrowers' monthly payment be immediately after the first reset? (State the payment as a positive number. (Round answer to whole dollars and express as positive number) QUESTION 5 A borrower takes out an interest-only loan at 8% for $100,000 with a 10-year term What is the monthly payment on this loan? (Round answer to whole dollars and express as positive number). QUESTION 6 A borrower is interested in comparing the monthly payments on two otherwise equivalent 30-year FRMs. Both loans are for $200,000 and have a 5% interest rate. Loan 1 is fully amortizing, where as Loan 2 has a $100,000 balloon payment due at the end of the life of the loan. How much higher is the monthly payment on loan 1 versus loan 22 Hint calculate both payments and take the difference. Only the future values of the loans are different. (Round answer to whole dollars and express as positive number)

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