Mathematics, 11.02.2020 01:54 punkieladie

Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The

fixed-interest rate is 4.75%, followed by a 5% rate with a 1.25% margin. What

will her new monthly payment be after the initial fixed period ends?

Answers: 3

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Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The

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Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The fixed-interest rate is 4.75%, followed by a 5% rate with a 1.25% margin. What will her new monthly payment be after the initial fixed period ends?

Answers

Another question on Mathematics

Lexi has obtained a 5/1 30-year ARM to purchase a $125,000 home. The

fixed-interest rate is 4.75%, followed by a 5% rate with a 1.25% margin. What

will her new monthly payment be after the initial fixed period ends?