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Use the below information to answer the following 5 questions regarding critical mortgage calculations Mortgage info Purchase price $4,000,000 Holding period 5 Down payment 25%

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Use the below information to answer the following 5 questions regarding critical mortgage calculations Mortgage info Purchase price $4,000,000 Holding period 5 Down payment 25% Interest rate 4.0% Term 25 Amortization 25 Mortgage-Related Closing Costs Discount point (Lender) Appraisal Survey 2.00% $600 $800 Underwriting fee (Lender) $500 Origination fee (Lender) 0.60% What is the outstanding mortgage balance at the end of the holding period? O $2,068,574 $1,949,863 $1,774,821 None of these are correct O $2,613,138 Question 2 What would be the stated APR for this loan? O 4.78 None of these are correct 4.26 4.31 O 4.57 What is the borrower's EBC? 4.80 5.15 4.64 None of these are correct 4.25 Question 4 What is the monthly payment? None of these are correct $14,877 $15,835 $15.191 O $14,609 What is the lender's yield? 4.96 4.62 05.11 4.53 None of these are correct

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