Facts: 3/1 ARM,int rt 6.25,floor 6.25,annl adj,margin WSJP+2.0,cap 17.0,20 yr am
Payment stream should be:
36 pymnts at 6.25
1 pymnt at 8.25
1 pymnt at 10.25
1 pymnt at 12.25
1 pymnt at 14.25
1 pymnt at 16.25
198 pymnt at 17.0
1 last oddball AM I ON THE RIGHT TRACK?