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Assume you buy a home and borrow $ 1 2 5 , 0 0 0 at 6 . 4 % for 2 0 years. You
Assume you buy a home and borrow $ at for years. You pay a total of $ for origination fee, points, and mortgage insurance. In addition you pay other loan costs of $ You pay the first years hazard insurance premium of $ and are required to deposit $ into an escrow account. What is the reportable APR?
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