Mortgage info Purchase price $4,000,000 Holding period 5 Down payment 25% Interest rate 4.0% Term 25 Amortization 25 Mortgage-Related Closing Costs Discount point (Lender) 2.00% Appraisal $600 Survey $800 Underwriting fee (Lender) $500 Origination fee (Lender) 0.60% What is the outstanding mortgage balance at the end of the holding period? $1,774,821 $1,949,863 None of these are correct $2,613,138 $2,068,574 What would be the stated APR for this loan? 0 4.57 4.26 0 4.78 O None of these are correct 4.31 What is the borrower's EBC? O 5.15 4.25 4.64 O None of these are correct 4.80 Mortgage info Purchase price $4,000,000 Holding period 5 Down payment 25% Interest rate 4.0% Term 25 Amortization 25 Mortgage-Related Closing Costs Discount point (Lender) 2.00% Appraisal $600 Survey $800 Underwriting fee (Lender) $500 Origination fee (Lender) 0.60% What is the outstanding mortgage balance at the end of the holding period? $1,774,821 $1,949,863 None of these are correct $2,613,138 $2,068,574 What would be the stated APR for this loan? 0 4.57 4.26 0 4.78 O None of these are correct 4.31 What is the borrower's EBC? O 5.15 4.25 4.64 O None of these are correct 4.80