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A borrower applies for a $160,000 first mortgage loan to purchase a new home for $200,000 with a 20% down payment. His interest rate is

A borrower applies for a $160,000 first mortgage loan to purchase a new home for $200,000 with a 20% down payment. His interest rate is 5%, the APOR (as of the date the loan interest rate is locked) is 4.672%, and his APR for this loan is calculated to be 6.474%. Based on the information given, is this a high-cost mortgage loan, higher-priced mortgage loan, or both Explain your answer.

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