Suppose you buy a house for $$400,000$ and take over an assumable loan at a contract rate of

$6\%.$ The original terms of the loan were $$360,000$ for $30$ years, monthly payments. The loan has

$20$ years left on the life and the current market rate on $20-$year loans is $8\mathrm{.}50\%.$ What is the

effective cost of the financing if a premium of $$9,500$ is paid? Please solve using financial calculator keystrokes, i$.$e$.$ N$,$ PV$,$ I, FV$.$