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12 June, 23:10

Kristi and Jason are purchasing a house and are financing $355,000. The mortgage is a 30-year 6/2 ARM at 3.25% with a 3/6 cap structure. What will the remaining balance be after the first 6 years?

$317,038.99

$286,556.77

$308,679.17

$331,347.21

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Answers (1)
  1. 12 June, 23:30
    0
    It should be $317,038.99 which is choice (A)
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