[Mr. Liu]

^ Yeah, the closing costs for me was around $2500 all-in. I chose the 5 year due to the fact that I might be flipping it within 5 years if I move out of state for work... plus the cap on it was 5% above lock. I highly doubt interest rates will move that much in the 5 years. You can say I am taking a bit of an interest rate risk but I am saving a lot of money.