Amortize initial fee and pay back the loan annually

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In discussing the terms of a mortgage loan, I (the borrower) am offered to choose between a 5-year loan to be repaid at an interest rate of 6% with no initial fee (Proposal A), or reduce the interest rate to 5% with an initial fee of 4 points on the value of the loan (Proposal B). Then, if you can "amortize" the initial fee and pay back the loan annually

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