Question

Adjustable rate mortgage offer: purchase price: $170,000 term: 30 years interest rate: 3.5% months before first adjustment: 12 months between rate adjustments: 12 maximum rate: 8.0% use this example from an adjustable-rate mortgage calculator to help you answer the questions. according to the calculator, the initial monthly payment demarco and tanya should anticipate paying on principal and interest is . this amount is than the fixed-rate mortgage payment for principal and interest. the total amount they should anticipate paying monthly is .

Answer 1

$611, lower, and $819. i had to learn the hard way.