A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $300 mi has a contract rate of 5%. Closing costs worth $75000 and 2 discount points are applied. What is the periodic payment on the loan?

What is the total friction cost at origination?

What is the APR?

In the above problem, how many basis points should be charged as discount points for the APR to equal 5.5%?

A monthly amortizing, $ 100,000 fixed-rate loan amortizes fully in 30 years and has a contract rate of 6%. Total initial friction costs equal $ 6,000. What is the monthly payment?

The loan is pre-paid after 4 years. What is the loan balance?

Several years ago, a $2,000,000 fixed rate, monthly amortizing mortgage was issued for 20 years at 5.5% rate. The monthly payment is $13,758. 3.2% Prepayment penalty is applied to the loan balance. It is calculated at $34,130. Consider no friction costs during origination of the loan. What is the loan balance at this time?

How many payments have already been made?

What is the EBC if the loan is pre-paid now?