A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that the loan carries an annual interest rate of 5.125% with 1.0 points upfront. Due to points and other origination fees, the loan has an APR of 5.315%. How much is the "other origination fees" this lender charges the borrower? O $1,000 O $1,473 O $1,752 O $1,947

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that
the loan carries an annual interest rate of 5.125% with 1.0 points upfront. Due to points and other
origination fees, the loan has an APR of 5.315%. How much is the "other origination fees" this
lender charges the borrower?
O $1,000
O $1,473
$1,752
$1,947
Transcribed Image Text:A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that the loan carries an annual interest rate of 5.125% with 1.0 points upfront. Due to points and other origination fees, the loan has an APR of 5.315%. How much is the "other origination fees" this lender charges the borrower? O $1,000 O $1,473 $1,752 $1,947
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