Question
A homebuyer is looking to take out a $200,000, 7.0% interest, 25-year loan, with 1 point origination fee and $1,500 in other closing costs, third
A homebuyer is looking to take out a $200,000, 7.0% interest, 25-year loan, with 1 point origination fee and $1,500 in other closing costs, third party cost (appraisal and legal). The homebuyer expects to prepay the new loan 6 years from today. What is the lenders yield? What is borrowers cost of funds?
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Financial Analysts Indispensable Pocket Guide
Authors: Ram Ramesh
1st Edition
0071361561, 978-0071361569
