The video for BoA shows that the closing cost is $5619.41, i.e., a borrower will receive net $94380.59 (100K-5619) instead of borrowing 100,000. However, the monthly loan installments are the quoted payments. Using the net borrowing and monthly payments, calculate the simple true interest rate, which is monthly effective rate times 12. How large is the different between quoted rate and the true rate