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Mortgage info Purchase price Holding period LTV Interest rate Term Amortization Mortgage-Related Closing Costs Discount point (Lender) Appraisal Survey $2,500,000 2 79% 4.0% 15

Mortgage info ( begin{array}{ll}text { Purchase price } & $ 2,500,000  text { Holding period } & 2  text { LTV } &

What is the borrowers EBC? ( 4.65 ) None of these are correct ( 4.80 ) ( 4.25 ) ( 5.15 ) Question 3 ( 2.5 mathrm{p 

Mortgage info Purchase price Holding period LTV Interest rate Term Amortization Mortgage-Related Closing Costs Discount point (Lender) Appraisal Survey $2,500,000 2 79% 4.0% 15 15 0.75% $500 $800 Underwriting fee (Lender) $300 Origination fee (Lender) 1.25% Question 2 What is the borrower's EBC? 4.65 O None of these are correct 4.80 4.25 5.15 Question 3 What would be the stated APR for this loan? 4.78 4.57 4.26 4.31 None of these are correct 2.5 pts 2.5 pts

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