Letrsquos assume that you have just taken out a mortgage, Financial Management

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Letrsquos assume that you have just taken out a mortgage

Let’s assume that you have just taken out a mortgage loan for $200,000 with an origination fee of 2 points due upfront. The mortgage term is 30 years and the mortgage rate is fixed at 4%. What is the cost of the origination fee in dollar terms?? How would I calculate this with a financial calculator?

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Financial Management: Letrsquos assume that you have just taken out a mortgage

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Financial Management: Letrsquos assume that you have just taken out a mortgage

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