You are buying an income property with an $800,000 loan. A 30-year fully amortized loan is priced at 6% but carries a $7,500 origination fee. How much will the lender disburse? If the mortgage is paid off after 30 years what is the effective interest rate? If the loan is paid in full after 5 years, what is the effective interest rate? What if there is a 2% prepayment penalty, what is the effective interest rate if the loan is paid at the end of the 5th year?