Can you please show me the steps? How did you find the yield ? You obtain a loan of $150,000 at 5.875% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of 2.0% of the loan amount to the lender. What is the yield of the loan if paid off at the end of 5 years? I know that is not 6.32 it might be 6.36,6.42 or6.28.