Question: 2. (9 points) A 30-year fixed-rate, fully amortizing mortgage loan has a 5.00% interest rate. The loan amount at origination is $530,000. At origination, the

2. (9 points) A 30-year fixed-rate, fully amortizing mortgage loan has

2. (9 points) A 30-year fixed-rate, fully amortizing mortgage loan has a 5.00% interest rate. The loan amount at origination is $530,000. At origination, the borrower paid out of the loan funds an origination fee of $5,000 and 2 discount points (2%). a. What is the borrower's monthly loan payment? b. What is the Effective Borrowing Cost if the loan is held to maturity? C. What is the Lender's Yield if the loan is held to maturity? d. What is the Lender's Yield if the borrower sells the home and pays off all remaining principal after 7 years

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