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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 b…

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 b…
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4 votes
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?

asked
User Jim Puls
by
7.7k points

1 Answer

0 votes

Answer:

754.48$

Explanation:

Apex

answered
User Khez
by
8.2k points
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