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Report all answers with 2 decimal places. Mortgage info Purchase price $2,500,000 Holding period 2 LTV 77% Interest rate 3.0% Term 15 Amortization 15 Mortgage-Related
Report all answers with 2 decimal places. Mortgage info Purchase price $2,500,000 Holding period 2 LTV 77% Interest rate 3.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.50% Appraisal $500 Survey $800 Underwriting fee (Lender) $300 Origination fee (Lender) 1.50% Question 1 What is the monthly payment? O None of these are correct $13,938.56 O $14,608.84 $13,293.70 O $15,957.62 Question 2 What is the borrower's EBC? O None of these are correct O 5.15 O 4.55 O 4.20 0 4.15 What would be the stated APR for this loan? O 3.30 4.26 4.31 O 3.78 None of these are correct > Question 4 2. What is the outsanding mortgage balance at the end of the holding period? None of these are correct $1,715,490.55 $1,664,369.75 O $1,822,953.60 O $1,774,820.77 What is the lender's yield? 0 4.78 0 4.53 0 4.96 O None of these are correct 04.11
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