On August 20, Mr. and Mrs. Cleaver decided to buy a property from Mr. and Mrs. Ward for $115,000. On August 30 , Mr. and Mrs. Cleaver obtained a loan commitment from OKAY National Bank for an $88,400 conventional loan at 5 percent for 30 years. The lender informs Mr. and Mrs. Cleaver that a $2,300 loan origination fee will be required to obtain the loan. The loan closing is to take place Required: 3. What are the amounts due from the borrower and due to the seller at closing? b. What would be the disclosed annual percentage rate as required under the Truth-in-Lending Act? c. When will the first regular monthly mortgage payment be due from the borrower? Complete this question by entering your answers in the tabs below. When will the first regular monthly mortgage payment be due from the borrower? Date of first regular monthly mortgage payment On August 20, Mr. and Mrs. Cleaver decided to buy a property from Mr. and Mrs. Ward for $115,000. On August 30 , Mr. and Mrs. Cleaver obtained a loan commitment from OKAY National Bank for an $88,400 conventional loan at 5 percent for 30 years. The lender informs Mr. and Mrs. Cleaver that a $2,300 loan origination fee will be required to obtain the loan. The loan closing is to take place Required: 3. What are the amounts due from the borrower and due to the seller at closing? b. What would be the disclosed annual percentage rate as required under the Truth-in-Lending Act? c. When will the first regular monthly mortgage payment be due from the borrower? Complete this question by entering your answers in the tabs below. When will the first regular monthly mortgage payment be due from the borrower? Date of first regular monthly mortgage payment