We have found a vacation home in LA for sale. We think it would make an excellent investment opportunity as a short-term rental property for people who looking to get out of the summer heat. The home is 450,000 and you would finance it with an 80% loan to value loan. Your mortgage lender has told you that you can borrow for 30 years at 4.25% but we would have to pay 2 points to get that loan. Based on this term, what does the effective interest cost?