Use the following to answer questions 12-15: Ed wants to buy a p ndicates the loan can be obtai edfor 30 years at 5.5% roperty for $399,900 and wants a CPM loan for 80%. A lender than origination loan fee of $1,750 and 2 points. 12 How much will the lender actually disburse? (6) a. $311,772 b. $318,170 C. $319,920 d. $310,172 e. $390,152 13 What is the effective interest cost to the borrower, assuming that the mortgage is paid after 30 years? (6) a. 3.79% .6% C. 5.55% d. 5.74% e. 5.78% Assume the lender also imposes a prepayment penalty of 2% of the outstanding loan if t loan is repaid in the first 10 years of closing. If Ed repays the loan after five years, what the effective interest cost? (6) 14 5.50% 6.11% 5.75% 5.83% 6.44%