You borrowed $310,000 for 30 years to buy a house. The mortgage, which has constant monthly payments and is fully amortizing, has an interest rate of 4.25% per year. You pay two points to buy down the interest rate and you pay $3,500 in origination fees. What is the mortgages effective cost, based on the mortgage being outstanding for 30 years? 4.66% 2) 4.52% 3) 4.41% 4) 4.34% 5) 4.73%