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Mortgage info Purchase price $2,500,000 Holding period 2 LTV 77% Interest rate 4.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.75% Appraisal

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Mortgage info Purchase price $2,500,000 Holding period 2 LTV 77% Interest rate 4.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.75% Appraisal $500 Survey $800 Underwriting fee (Lender) $300 Origination (Lender) 1.25% What is the lender's yield? 4.33 5.26 4.96 None of these are correct 5.11

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