Mortgage info Purchase price $2,500,000 Holding period 2 LTV 79% Interest rate 4.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.75% Appraisal $500 Survey $800 Underwriting fee (Lender) $300 Origination fee (Lender) 1.25% What is the borrower's EBC? Group of answer choices 5.15 4.25 None of these are correct 4.80 4.65
Mortgage info Purchase price $2,500,000 Holding period 2 LTV 79% Interest rate 4.0% Term 15 Amortization 15 Mortgage-Related Closing Costs Discount point (Lender) 0.75% Appraisal $500 Survey $800 Underwriting fee (Lender) $300 Origination fee (Lender) 1.25% What is the borrower's EBC? Group of answer choices 5.15 4.25 None of these are correct 4.80 4.65
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
Section: Chapter Questions
Problem 1PS
Related questions
Question
|
Mortgage info |
|
| Purchase price | $2,500,000 |
| Holding period | 2 |
| LTV | 79% |
| Interest rate | 4.0% |
| Term | 15 |
| Amortization | 15 |
| Mortgage-Related Closing Costs | |
| Discount point (Lender) | 0.75% |
| Appraisal | $500 |
| Survey | $800 |
| Underwriting fee (Lender) | $300 |
| Origination fee (Lender) | 1.25% |
What is the borrower's EBC?
Group of answer choices
5.15
4.25
None of these are correct
4.80
4.65
|
Mortgage info |
|
| Purchase price | $2,500,000 |
| Holding period | 2 |
| LTV | 79% |
| Interest rate | 4.0% |
| Term | 15 |
| Amortization | 15 |
| Mortgage-Related Closing Costs | |
| Discount point (Lender) | 0.75% |
| Appraisal | $500 |
| Survey | $800 |
| Underwriting fee (Lender) | $300 |
| Origination fee (Lender) | 1.25% |
What is the borrower's EBC?
Group of answer choices
5.15
4.25
None of these are correct
4.80
4.65
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