Use the below information to answer the following 7 questions. Home purchase amount: $260,000 LTV: 95% Term & Am: 30 years Interest Rate: 4.0% Holding period: 7 years Closing Costs Discount point: 1.00% (paid to lender) Appraisal: $300 (paid to appraiser) Survey: $250 (paid to surveyor) Underwriting fee: $500 (paid to lender) Origination fee: 75% (paid to lender) PMI:.50% of original mortgage amount, paid per year on a monthly basis to the insurer Question 40 2 pts Calculate the lender's yield (LY) O 3.95 % 4.35 % 4.05 % 0 4.99% 4.67 % Calculate the effective borrowing cost (EBC) 4.28 % 0 3.79% 4.93 % O 3.50 % 05.03% Question 42 How much total interest will be paid over the holding period? $247,000 $33,689 $99,054 O $64,621 $79.213