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URL:  http://boards.fool.com/thanks-for-the-offer-but-a-1-month-arm-would-31122149.aspx

Subject:  Re: financing the next house Date:  2/16/2014  5:09 PM
Author:  CCinOC Number:  126819 of 128075

Thanks for the offer, but a 1-month ARM would make DH crazy.

I can understand that, but for the benefit of other readers...since the 1-month LIBOR ARM recasts each month, more of the fully amortized payment is going toward principal than would the fully amortized payment for a 5/1 ARM, thereby making the 1-month LIBOR ARM as stable as a 5-year ARM and saves interest, too.

Example:

$7