Answer the questions below based on comparing two different loan options using the worksheets you created...

Answer the questions below based on comparing two different loan options using the worksheets you created for the assignment. Option A is 15-year $285,000 fixed rate mortgage loan offered at 5.4% with $2,000 of origination fees. Option B is a 15-year $285,000 fixed-rate mortgage loan offered at 4.92% with $6,500 of origination fees.

What is the APR of each Loan Option if the Borrower plans to Prepay after 2 years? Please link your answer

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jeff jeffy answered 2 years ago

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