A mortgage loan of $300,000 is made at an interest rate of 6% with monthly payments for 30 years. What is the monthly debt service? What are the total debt service payments in a year? Show the distribution between interest and principal for years 1 through 5. If the loan is repaid after 5 years, what is the lenders yield Suppose the borrower has to pay two discount points at closing. What is the effective borrowing cost (EBC) if the loan is repaid after 5 years? Suppose the borrower has to pay two discount points at closing. What is the EBC if the loan is repaid after 3 years? Suppose the borrower has to pay two discount points at closing and the loan is repaid after 3 years with a prepayment penalty of 2% of the outstanding balance. What is the EBC