December 20, 2011 at 2:08 am EST
#2837
jholzknecht
Keymaster
The APR for a discounted ARM should the composite APR, which reflects the discounted rate until the first rate change date, then the fully indexed rate for the remaining term. The payment schedule should reflect multiple payment streams, which also reflect the discounted rate until the first rate change date, then the fully indexed rate for the remaining term.