D Question 7 An ARM loan, Loan Amount - $250,000; Monthly Payments, Index = 1-Year Treasury bill. Index at the end of year 1 is 7%. Index at the end of year 2 is 6.5%. Index at the end of year 3 is 8.0%. One Year Adjustable, Margin - 1.50%, Term - 30 years. Interest Rate Caps, annual 2% and life 5.5%, Teaser Rate - 5%. The loan has negative amortization. Monthly payment in year 2 51553 53 5177631 $1889.28 $1655.53 Previous Next D Question 7 An ARM loan, Loan Amount - $250,000; Monthly Payments, Index = 1-Year Treasury bill. Index at the end of year 1 is 7%. Index at the end of year 2 is 6.5%. Index at the end of year 3 is 8.0%. One Year Adjustable, Margin - 1.50%, Term - 30 years. Interest Rate Caps, annual 2% and life 5.5%, Teaser Rate - 5%. The loan has negative amortization. Monthly payment in year 2 51553 53 5177631 $1889.28 $1655.53 Previous Next