Could someone run the numbers on these.. I don’t have time right now, but it almost looks like it is reverse amoritizing during the first period on the loan. If the peak rate on the ‘competition interest only’ and ‘centex homes interest only’ is roughly the same, the payments on the both of the interest only loans should approach the same monthly amount. They may be mis-stating the type of loan. Since they are showing “For year 1” in fine and dim print, and more detail below in very small print.. they are being intentionally misleading.
