What is the effective cost to the borrower on a $300,000 loan at 5.50 percent interest, with monthly payments amortized over 20 years if the lender charges 2 points at origination and the borrower will incur $4,600 in third party loan costs. Assume the loan is outstanding for the full loan term which is ten years? 6.05 percent 5.50 percent 6.48 percent 5.91 percent