Use the following information to answer the next 3 questions. $280,000 Loan Amount 30 year loan with monthly payments 4% quoted rate on the loan (annual rate) 2 points in costs to the lender $3,000 in...

Use the following information to answer the<br>next 3 questions.<br>$280,000 Loan Amount<br>30 year loan with monthly payments<br>4% quoted rate on the loan (annual<br>rate)<br>2 points in costs to the lender<br>$3,000 in other closing costs<br>Loan is to be paid off at the end of the<br>4th year.<br>What is the balance remaining on the loan<br>after 4 years?<br>What is the Lender's Yield?<br>What is the Borrower's Cost?<br>Fill this out:<br>Loan Amount:<br>Loan Term:<br>Interest Rate:<br>Lender's Points:<br>Additional Closing Costs:<br>Paid off in:<br>NI/Y<br>Loan Pay Off:<br>Lender's Yield:<br>Borrower's Cost:<br>

Extracted text: Use the following information to answer the next 3 questions. $280,000 Loan Amount 30 year loan with monthly payments 4% quoted rate on the loan (annual rate) 2 points in costs to the lender $3,000 in other closing costs Loan is to be paid off at the end of the 4th year. What is the balance remaining on the loan after 4 years? What is the Lender's Yield? What is the Borrower's Cost? Fill this out: Loan Amount: Loan Term: Interest Rate: Lender's Points: Additional Closing Costs: Paid off in: NI/Y Loan Pay Off: Lender's Yield: Borrower's Cost:

Jun 09, 2022

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Use the following information to answer the next 3 questions. $280,000 Loan Amount 30 year loan with monthly payments 4% quoted rate on the loan (annual rate) 2 points in costs to the lender $3,000 in...

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