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Purchase price: $320,000 LTV: 97% Term & Am: 25 years Interest Rate: 4.0% Holding period: 5 years. Closing Costs PMI: .60% of original mortgage amount, paid per year on a monthly basis to the insurer Origination fee: 1% (paid to lender) Discount point: 1.00% ( paid to lender) Underwriting fee: $750 (paid to lender) Survey: $400 (paid to surveyor) Appraisal: $500 (paid to appraiser)

Purchase price: $320,000 LTV: 97% Term & Am: 25 years Interest Rate: 4.0% Holding period: 5 years. Closing Costs PMI: .60% of original mortgage amount, paid per year on a monthly basis to the insurer Origination fee: 1% (paid to lender) Discount point: 1.00% ( paid to lender) Underwriting fee: $750 (paid to lender) Survey: $400 (paid to surveyor) Appraisal: $500 (paid to appraiser)

Essentials Of Investments
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
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What it the OMB at the end of the holding period? O $ 249,428 O $ 292,567 O $ 250,752 O$ 270,373 O $ 258,868 O None of these are correct Question 40 Calculate the lender's yield (LY) O 4.53 % O 4.72 % 4.19 % 4.40 % O None of these are correct
Transcribed Image Text:What it the OMB at the end of the holding period? O $ 249,428 O $ 292,567 O $ 250,752 O$ 270,373 O $ 258,868 O None of these are correct Question 40 Calculate the lender's yield (LY) O 4.53 % O 4.72 % 4.19 % 4.40 % O None of these are correct
Purchase price: $320,000 LTV: 97% Term & Am: 25 years Interest Rate: 4.0% Holding period: 5 years Closing Costs PMI: .60% of original mortgage amount, paid per year on a monthly basis to the insurer Origination fee: 1% (paid to lender) Discount poiht: 1.00% (paid to lender) Underwriting fee: $750 (paid to lender) Survey: $400 (paid to surveyor) Appraisal: $500 (paid to appraiser)
Transcribed Image Text:Purchase price: $320,000 LTV: 97% Term & Am: 25 years Interest Rate: 4.0% Holding period: 5 years Closing Costs PMI: .60% of original mortgage amount, paid per year on a monthly basis to the insurer Origination fee: 1% (paid to lender) Discount poiht: 1.00% (paid to lender) Underwriting fee: $750 (paid to lender) Survey: $400 (paid to surveyor) Appraisal: $500 (paid to appraiser)
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