Jason Bradley’s uncle, Maurice, is buying a $248,500 home in Mississippi. His mortgage lender requires a 20% down payment and will finance the remainder for 30 years at 5%. Closing costs will be 1% origination fee, 1 ¼ point, mortgage insurance premium of $2,400. Other loan costs will include a pest inspection fee of $175, appraisal fee of $295, credit report fee of $80, title insurance premium of $320, and recording fees of $65. There will also be money collected for the escrow account in the amount of $875. What is the reportable APR? Round to the nearest hundredth percent.