Use the below information to answer the following 5 questions. Report all answers with 2 decimal places.

Mortgage info

Purchase price $2,500,000

Holding period 2 LTV 79%

Interest rate 4.0%

Term 15

Amortization 15

Mortgage-Related Closing Costs

Discount point (Lender) 0.75%

Appraisal $500

Survey $800

Underwriting fee (Lender) $300

Origination fee (Lender) 1.25%

Question 1

What is the monthly payment?

$14,190.24

$14,238.99

$14,608.84

$14,742.19

None of these are correct

Question 2

What would be the stated APR for this loan?

4.31

4.57

None of these are correct

4.78

4.26

Question 3

What is the lender's yield?

None of these are correct

4.96

4.53

5.11

Question 4

What is the outsanding mortgage balance at the end of the holding period?

$1,729,888.60

$1,668,573.75

$1,694,088.83

$1,774,820.77

None of these are correct

Question 5

What is the borrower's EBC?

4.80

None of these are correct

5.15

4.65

4.25