A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $. 300 ml has a contract rate of 5%. Closing costs worth $. 75000 and 2 discount points are applied. What is the periodic payment on the loan? PMT What is the total friction cost at origination? What is the APR? APR In the above problem, how many basis polnts should be charged as discount points for the APR to equal 5.5%? Use this box for your calculations Discount points 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? PMT 1 The loan is pre-paid after 4 years. What is the loan balance? 2 What is the EDC, i no pre-payment penalties are applied EBC 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? 2 39 40 41 42 2 What is the EC it the loon is prepad now