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The mortgage banker is originating a level payment mortgage with the following terms annual interest rate 6% long-term 25 years payment frequency monthly loan amount
The mortgage banker is originating a level payment mortgage with the following terms
annual interest rate 6%
long-term 25 years
payment frequency monthly
loan amount 275,000
total upfront financing costs including discount points 600,000
discount points to lender 300,000 calculate the affected Brian cost with pre-payment at the end of seven years
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