Ben and Marge are purchasing a house with a 20-year, 5/1 ARM for $265,000 at 5.25% with a 3/12 cap structure. What will the difference in payments be from year 5 to year 6?
A. $925.81
B. $880.29
C. $369.32
D. $234.39
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Home » Mathematics » Ben and Marge are purchasing a house with a 20-year, 5/1 ARM for $265,000 at 5.25% with a 3/12 cap structure. What will the difference in payments be from year 5 to year 6? A. $925.81 B. $880.29 C. $369.32 D. $234.39