Use the below information to answer the following 6 questions. Home purchase amount: $260,000 LTV:...
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Use the below information to answer the following 6 questions. Home purchase amount: $260,000 LTV: 95% Term & Am: 30 years Interest Rate: 4.0% Holding period: 7 years Closing Costs Discount point: 1.00% (paid to lender) Appraisal: $300 (paid to appraiser) Survey: $250 (paid to surveyor) Underwriting fee: $500 (paid to lender) Origination fee:75% (paid to lender) PMI: 50% of original mortgage amount, paid per year on a monthly basis to the insurer What it the OMB at the end of the holding period? O $ 205,752 O $ 242,428 O $ 212,567 O $ 200,432 $ 223,405 Question 49 Calculate the lender's yield (LY) 04.05 % O 3.95 % O 4.67 % 4.35 % O 4.99 %
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