PART 1. Assume a $100,000 interest-only ARM with a 30-year maturity and an initial rate of 6 percent. If at the reset da
Posted: Sun May 29, 2022 6:17 pm
PART 1. Assume a $100,000 interest-only ARM with a 30-year
maturity and an initial rate of 6 percent. If at the reset date
(1st year) the index has increased and the new interest rate
becomes 8 percent, what is the new monthly payment?
PART 2. Following my calculation for years 1 and 2, what would
be the payment adjustments and loan balances for years 3 to 5?
Following my calculation for years 1 and 2, what would be the
payment adjustments and loan balances for years 3 to 5? Replicate
the numbers in the table.
Following my calculation for years 1 and 2, what would be the
payment adjustments and loan balances for years 3 to 5? Replicate
the numbers in the table.
maturity and an initial rate of 6 percent. If at the reset date
(1st year) the index has increased and the new interest rate
becomes 8 percent, what is the new monthly payment?
PART 2. Following my calculation for years 1 and 2, what would
be the payment adjustments and loan balances for years 3 to 5?
Following my calculation for years 1 and 2, what would be the
payment adjustments and loan balances for years 3 to 5? Replicate
the numbers in the table.
Following my calculation for years 1 and 2, what would be the
payment adjustments and loan balances for years 3 to 5? Replicate
the numbers in the table.