Problem $5$

If the borrower paid $$2,500$ in loan costs and $2-$points in points,

a$.$ What is the cost of borrowing?

b$.$ What is the cost of borrowing if the borrower sells the house in $5$ years?

$\backslash$table$[[$Property Value,$$450,000],[$LTV$,95\%],[$Loan Type,Fixed$],[$Interest$,4\mathrm{.}25\%],[$cap$.,$NA$],[$Term$,25$ years$],[$Payment frequency,monthly$],[$Amortization$,$Fully$]]$