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A homeowner bought a property for $3000005 years a po, He got a 5250,000 loan at 98 for 30 years, the foan recuireitmonthly pupmenta and

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A homeowner bought a property for $3000005 years a po, He got a 5250,000 loan at 98 for 30 years, the foan recuireitmonthly pupmenta and it fulty amortized. Currently martgage rate for 25 - year loan is at 7.5%. There is 2% criaination fee charked an the new loan amount. An phenenta are manthly. What is the return oet the investment i need to pay 20 of the loan afraunt to whinace the morteagel Aasume that the horrecwrer will stay foe the remaining loan term? A8 orew 71425

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