Use this information for all questions 2 to 5 You are considering using a combination of loans to borrow 90% of the purchase price of the house that you want to buy. You have negotiated a $300,000 purchase price and the following combination of loans is available: - 80% LTV primary mortgage: 30 -year term, 4.875% interest rate, 1.0 points due at closing, but no lender fees. - 10% LTV home equity loan: 10 -year term, 5.75% interest rate, no points, $500 upfront lender fee Question 2 0/1 pts What combined payment on the two loans at the beginning of the loan term? Question 3 0/1 pts What is the effective rate of the combined loan assuming that both loans are repaid over their full term (i.e. you pay the 30 -year mortgage for 30 years and the 10 -year mortgage for 10 years)? Please input your answer as a percentage such that 3.924% would be input as 3.924 . Question 4 0/1 pts What is the effective rate of the combined loan assuming that any remaining balance is paid off after 10 years? Please input your answer as a percentage such that 3.924% would be input as 3.924