Question: Please calculate the payment IN EXCEL & total payments for life of the loan. 5/1 ARM for $213,150; 4.375% (2% cap per year; 10% life);

Please calculate the payment IN EXCEL & total payments for life of the loan.

5/1 ARM for $213,150; 4.375% (2% cap per year; 10% life); $4,500 cash required at closing

Thank you!

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