On August 20, Mr. and Mrs. Cleaver decided to buy a property from Mr. and Mrs. Ward for $111,000. On August 30 , Mr. and Mrs. Cleaver obtained a loan commitment from OKAY National Bank for an $85,200 conventional loan at 5 percent for 30 years. The lender informs Mr. and Mrs. Cleaver that a $2,220 loan origination fee will be required to obtain the loan. The loan closing is to take place September 22. In addition, escrow accounts will be required for all prorated property taxes and hazard insurance; however, no mortgage insurance is necessary. The buyer will also pay a full year's premium for hazard insurance to Rock of Gibraltar Insurance Company. A U. vvinat would de the aiscrosed annual percentage rate as required under the Iruth-in-Lending Act? c. When will the first regular monthly mortgage payment be due from the borrower