Need to know the IRR for an adjustable rate mortgage and a fixed rate mortgage @ the end of years 3

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ARM- 100,000, 30 yrs, 3.25 discount points, initial interest rate 7.75%, margin 2.75%, interest rate caps 2% annual & 6% lifetime, initial index value 7.75%--> Beginning of yr 1, value=7.75%, yr2=9.00%, yr3=10.75%, yr4=6.00%, yr5=5.50%

FRM- 100,000, 30 yrs, 2 discount points, interest rate 9.75%

remember, find the IRR for both at the end of year 3 AND year 5

Need to know the IRR for an adjustable rate mortgage and a fixed rate mortgage @ the end of years 3 and 5?

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Need to know the IRR for an adjustable rate mortgage and a fixed rate mortgage @ the end of years 3

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