Consider a fully amortizing mortgage loan in the amount of $200,000 at 6.50% for 30 years. Level payments are to be paid monthly. Loan Amount: Points at closing: Net loan proceeds at closing: Interest Rate: Term: Monthly Payment: Principal Paid Through Year 5: Loan Balance at end of year 5: Effective Interest Rate (30 years): IRR Loan Payments Through 5 Years: 1. What is the monthly payment amount? 2. What will the loan balance be at the end of year 5? 3. If the borrower paid 4 points at origination (for loan placement and interest rate buy-down), what would the borrower's effective interest rate be over the entire 30-year loan term? 4. If the borrower paid 4 points at origination (for loan placement and interest rate buy-down), what would the borrower's effective interest rate be as of the end of year 5?