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5-year maturity, 20-year amortization, 7% fixed rate commercial mortgage for $8M. What is the effective cost of borrowing with no points / fees? What is

5-year maturity, 20-year amortization, 7% fixed rate commercial mortgage for $8M. What is the effective cost of borrowing with no points / fees?

What is the effective cost of borrowing with origination fee of $60,000 paid at close?

what is effective cost of borrowing if loan is retired after three years of payments and there is prepayment penalty equal to 2% of the outstanding balance?

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