What is the cost of the origination fee in dollar terms

Assignment Help Financial Management

Reference no: EM131329379

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?

Reference no: EM131329379

Questions Cloud

Sustainable competitive advantage is influenced : Sustainable competitive advantage is influenced by: (Check all that apply) a lower price for the customer based on the value created for them (due to your operations or other cost control strategies) a rareness factor, meaning that competitors cannot..

Calculate the average net cash flow during the month : Tierney Enterprises is constructing its cash budget. Its budgeted monthly sales are $5,000, and they are constant from month to month. 40% of its customers pay in the first month and take the 2% discount, while the remaining 60% pay in the month foll..

Create list of five ideas for a new venture : Create a list of 5 ideas for a new venture; include a brief description of each. Then select your top two ideas and write a brief paragraph about the potential of each, explaining why you think it’s a good idea. Research a franchise you might like to..

The total dollar amount return : Microsystems Common Stock is selling for $80 per share and pays a cash dividend of $2.40 per share. Calculate the current yield. If the stock is expected to rise to $86.40 in the next year, what would be. The total dollar amount return?

What is the cost of the origination fee in dollar terms : 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 ..

What would be weight used for equity in the computation : OMG Inc. has 5 million shares of common stock outstanding, 4 million shares of preferred stock outstanding, and 6,000 bonds. Suppose the common shares are selling for $15 per share, the preferred shares are selling for $24 per share, and the bonds ar..

Determine the distribution in order to minimize total cost : MPL Project- Pharmaceutical Clinical Trial Distribution. Formulate the problem to determine the distribution in order to minimize the total cost. Please provide a mathematical description of the model

Review state legal and ethical guidelines for psychologists : To prepare: Review your state's legal and ethical guidelines for psychologists. Compare these guidelines to the codes of ethics set forth by the APA and the AP-LS

Summarizing the current psychological research on the topic : Choose one of the following topics and write a 1,000-1,500 word paper summarizing the current psychological research on the topic. (Many of these topics are broad and you may choose to focus your research on a more specific area of the topic, such..

User Account

All Pages