Use the below information to answer the following 5 questions regarding critical mortgage calculations Mortgage info $4,000,000 Purchase price Holding period Down payment 5 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 monthly payment? $14,609 None of these are correct $15,191 O $14,877 O $15,835 What is the monthly payment? $14,609 None of these are correct $15,191 O $14,877 O $15,835 What would be the stated APR for this loan? 4.78 O 4.26 None of these are correct 4.57 4.31 What is the lender's yield? O None of these are correct O 4.62 4.96 0 4.53 O 5.11 What is the borrower's EBC? 4.25 None of these are correct O 5.15 0 4.80 0 4.64 What is the outstanding mortgage balance at the end of the holding period? None of these are correct $1,949,863 $1,774,821 $2,613,138 $2,068,574 Use the below information to answer the following 5 questions regarding critical mortgage calculations Mortgage info $4,000,000 Purchase price Holding period Down payment 5 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 monthly payment? $14,609 None of these are correct $15,191 O $14,877 O $15,835 What is the monthly payment? $14,609 None of these are correct $15,191 O $14,877 O $15,835 What would be the stated APR for this loan? 4.78 O 4.26 None of these are correct 4.57 4.31 What is the lender's yield? O None of these are correct O 4.62 4.96 0 4.53 O 5.11 What is the borrower's EBC? 4.25 None of these are correct O 5.15 0 4.80 0 4.64 What is the outstanding mortgage balance at the end of the holding period? None of these are correct $1,949,863 $1,774,821 $2,613,138 $2,068,574