A borrower is purchasing a property for $250,000 and can choose between two possible loan alternatives. The first is a 90% loan for 30 years at 8.5% interest and the second is a 80% loan for 30 years at 8.25% interest. Assuming the loan will be held to maturity, what is the incremental cost of borrowing the extra money? 10.43% 12.45% 13.50% 10.05% A borrower is purchasing a property for $250,000 and can choose between two possible loan alternatives. The first is a 90% loan for 30 years at 8.5% interest and the second is a 80% loan for 30 years at 8.25% interest. Assuming the loan will be held to maturity, what is the incremental cost of borrowing the extra money? 10.43% 12.45% 13.50% 10.05%