What is the monthly payment on a fixed rate, fully amortizing loan for $400,000, 30-years, at 5.5% interest if the lender charges 2.5 points at origination?

1. What is the monthly payment on a fixed rate, fully amortizing loan for $400,000, 30- years, at 5.5% interest if the lender charges 2.5 points at origination? Answer Loan Amount - Years 0 Periods Per Year 1 Interest Rate 2 Fees at Origination 5 2. What is the balance at the end of year 7 on the loan in the previous question? Answer 17 Loan Amount 18 Years 19 Periods Per Year 20 Interest Rate 21 Fees at Origination 22 Balance Month 23 24 25 3. What is the yield to the lender (APR, expressed traditionally) on the loan in the 26 previous question if it is held to maturity? 27 28 Loan Amount Answer 29 Years 30 Periods Per Year 31 Interest Rate 32 Fees at Origination 33