A house is to be purchased for \($270\),000 with a 5 percent down payment, thereby financing \($256\),500 with a home loan and mortgage. There are 2 points assessed, and there are additional closing charges of \($3\),500, with both points and additional charges being included in the loan. A conventional 30-year loan is used at 7.5 percent, resulting in monthly payments of \($1\),853.83. Which of the following statements is false?

a. The loan will be figured on a total of \($265\),130 borrowed.

b. There can (unfortunately) be multiple methods of computing the APR (annual percentage rate) on such a loan, yielding (usually slightly) different answers.

c. The effective interest rate will exceed 7.5 percent.

d. The APR will be less than 7.5 percent.