On a $ 230,000, 5 - 1 ARM amortized
over 20
years with an initial interest rate of 4.625 % with an annual percentage rate of 4.451 %, after fixed - period of 5
years the rate may increase annually; individual
adjustments are capped at 2 % first, 2 %
subsequent and rate can never increase by more than the lifetime cap of 5 %.