What is the Net Loan Amount (after any fees) of a 15-year $790,000 FRM loan with 8 points of origination fees and a contract interest rate of 4.42% that fully amortizes if the loan is prepaid after 4 years? 

Please round your answer to the nearest cent (ie, two digits right of the decimal)

 What is the outstanding mortgage balance (OMB) if the loan is prepaid after 5 years? 

What is the effective borrowing cost (EBC) if the loan is prepaid after 5 years? 

Please indicate your answer as annualized percent with 2 digits right of the decimal