Karen and Jeremy are purchasing a house and are financing $225,000. The mortgage is a 30-year 4/1 ARM at 3.0% with a 2/6 cap structure. What will the remaining balance be after the first 4 years?
A. $196,208.00
B. $210,667.50
C. $205,335.00 D. $210,895.73
A. $196,208.00
B. $210,667.50
C. $205,335.00 D. $210,895.73