$1$ pts

A borrower is purchasing a property and can choose between two possible loan alternatives. The first is a $85\%$ LTV for $25$ years at $9\%$ interest and $1$ point and the second is a $95\%$ LTV for $25$ years at $9\mathrm{.}35\%$ interest and $0$ point. Assuming the loan will be repaid in $5$ years, what is the incremental cost of borrowing the extra $10\%$ price?

$12\mathrm{.}42\%$

$13\mathrm{.}39\%$

$11\mathrm{.}67\%$

$10\mathrm{.}08\%$