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NEED HELP PLEASE Brent and Amanda are purchasing a house with a 30-year, 4/1 ARM for $395,000 at 4.65% with a 3/10 cap structure. What will the difference in payments be from year 4 to year 5? $1,282.03
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NEED HELP PLEASE

Brent and Amanda are purchasing a house with a 30-year, 4/1 ARM for $395,000 at 4.65% with a 3/10 cap structure. What will the difference in payments be from year 4 to year 5?

$1,282.03

$883.47

$576.77

$686.49

User Denis Arslanbekov
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7.5k points

1 Answer

3 votes
576.77$$ is the answer
User Anhquan
by
9.0k points
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