You have just purchased a primary home for $315,000 with a 20% down payment on a 30-year Fixed Rate Mortgage, Monthly Payments, 4.375% Interest Rate. Property Taxes are 100 Mills with 75 Effective Mills. Fees for this loan are $2250 and it cost 2 points to get the loan rate down to 3.625%, both were paid up front. (please explain using financial calculator)

1.)What is the APR if the loan goes for 30 years?

2.)What is the APR if the loan goes for 15 years?

3.)If your down payment was $25,000 and the fees were $2250, which you paid up front. Property Taxes are 100 Mills with 75 Effective Mills. What is your Monthly PITI Payment if you escrow the taxes and insurance into the monthly payment?

4.)What would be the monthly PITI payment of the property in part G if this was your vacation home in Ohio?