Effort Trust, a mortgage lender at 90 Yonge St. today offers a constant payment mort, fully amortized over a maturity of twenty years, with a term of five years and an announced anual coupon rate raf 16%. A home buyer obtains this mortorage with an initial balance of $780,000.00 This borrower's monthly coupon payment will be approximately $6.31.66 $1,958,50 S. 813 33