Question: please post excel formulas! thanks = = - 11 050 Formatting as G 1 K 012 X fx B D E 1 Additional Mortgage Concepts
= = - 11 050 Formatting as G 1 K 012 X fx B D E 1 Additional Mortgage Concepts Excel Assignment: Module 7 2 31. Origination Fees and Decount Polnts without Prepayment 4 3 A Jender is offering a 30-year, monthly payment fixed rate mortgage (FRM) loan at 4.5% with an $800 origination for and 6 2.5 discount points. A borrower wants a loan for $538,000. What is the yield to the kender, the effective borrowing cost to 7 the borrower, and the APR assuming the loan is held to maturity Use both the IRR and RATE functions in the green 8 highlighted cells as indicated. 9 10 11 Loan Amount $538,000.00 Using IRR Function 12 Antal Interest Rate 4.50W Yield to Lender 13 Origination Fee $800.00 Effective borrowing cost to borrower 14 Discount Points 2.50% APR 15 Maturity (in years) 10 16 Periode per year 12 Using RATE Function 17 Yield to Lender 18 Effective borrowing cost to borrower 19 Month Cal Flow APR 20 21 22 0 A 26 27 29 30 31 32 33 34 10 11 12 13 14 IS 16 37 38 19 40 Concepts
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