Jackie obtains a 30-year 4/2 ARM at 5% with a 4/7 cap structure in the amount of $313,500. What is the monthly payment during the initial period?

Question

anonymous · Answer

$1,832.69

 $1,496.70

 $1,682.94

 $870.83

lieutenantgeneral · Answer

1,832.69

anonymous · Answer

@LieutenantGeneral  Thank youuu

lieutenantgeneral · Answer

You welcome

anonymous · Answer

Mabel has a 15 year adjustable rate mortgage with a fixed rate for the first 4 years. In the 5th year, the interest rate rises to 5.8%. The remaining balance at the end of the 4th years is $231,975.40. What is the monthly payment in the 5th year?

 $1,932.56

 $2,381.31

 $2,552.17

 $1,757.39 @LieutenantGeneral

lieutenantgeneral · Answer

I can help you anytime

anonymous · Answer

@LieutenantGeneral  can u help me with that one and a couple others ? ill post them sepeatly so I can give u medals

lieutenantgeneral · Answer

$1,932.56

anonymous · Answer

@LieutenantGeneral  can you please explain to me how your calculating it

lieutenantgeneral · Answer

$1,757.39 type it in the calculator and keep tapping enter

anonymous · Answer

can you check this @ganeshie8