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In your post #39385 I didn't see what rate you were assuming for the 30 year fixed. Would you re-post that rate? By my calculations, $801/month on 100,000 debt over 30 years is a rate of 8.95% for a fixed product.

Maybe you weren't comparing the ARM to a fixed rate? But, rather, to a fixed payment? If so, did you compare worst case pay-off times when the mortgage rate is also fixed rather than variable?

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