#3. To buy your dream home you use a 4/16 reset loan that pays interest only (bullet loan) for the first 4 years, followed with a reset payment to amortize over the remaining 16 years. The loan amount is $180,000 at 5.5%, with 2 discount points (to the lender) and $875 in third party closing costs which the borrower must pay. a) What net amount does the lender disburse? b) What net amount do you as a borrower receive? c) What is your monthly payment during the first 4 years? d) What is your monthly payment during the remaining 16 years? e) What is the FTLAPR on this loan?