Aimee and Ben are purchasing a condominium and are financing $415,500. The mortgage is a 20-year 3/1 ARM at 2.75% with a cap str

Question

Alika [10]

3 years ago

15

Aimee and Ben are purchasing a condominium and are financing $415,500. The mortgage is a 20-year 3/1 ARM at 2.75% with a cap str

ucture of 1.5/8. What will their payments be for the first 3 years?

Mathematics

1 answer:

Sonbull [250] · Answer 1 · 2022-04-14T03:33:10+03:00

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

<span>Bart and April are purchasing a house with a 15-year, 2/1 ARM for $315,000 at 5.85% with a 2/8 cap structure. What will the difference in payments be from year 2 to year 3?

$333.68 </span>