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Brad and Angela are purchasing a house with a 15-year, 3/1 ARM for $185,000 at 4.15% with a 2/10 cap structure. What will the difference in payments be from year 3 to year 4?

Brad and Angela are purchasing a house with a 15-year, 3/1 ARM for $185,000 at 4.15% with a 2/10 cap structure. What will the difference in payments be from year 3 to year 4?
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Brad and Angela are purchasing a house with a 15-year, 3/1 ARM for $185,000 at 4.15% with a 2/10 cap structure. What will the difference in payments be from year 3 to year 4?

User Chwarr
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1 Answer

4 votes
I'm pretty sure it's $157.84
User Uzr
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8.0k points
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