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Suppose you borrow $260,000 at 5.25% for 30 years, monthly payments. You pay 2 discount points. A. (1 pt) Your APR on this loan is

Suppose you borrow $260,000 at 5.25% for 30 years, monthly payments. You pay 2 discount points.

A. (1 pt) Your APR on this loan is 5.625%. What amount of other financing fees did you pay?

B. (1 pt) Suppose that your effective cost over a five-year holding period is 5.875%. What amount of other fees did you pay?

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