Suppose that you want to buy a house with a purchase price of $$300,000.$ The house has an

assumable loan at $5\mathrm{.}25\%$ with $25$ years remaining on its original $30-$year term. The loan had an

original balance of $$260,000.$ The current market rate on new $25-$year mortgages is $7\mathrm{.}25\%.$ What

is the financing premium as indicated by cash equivalence that you $($the buyer$)$ would be willing

to pay for the assumable loan? Please solve using financial calculator keystrokes, i$.$e$.$ N$,$ PV$,$ I, FV$.$