Add-On Interest Rate to Compensate for Financing Expenses

I was recently asked to provide a spreadsheet that would calculate the add-on¬†interest rate (APR) that would allow the originator of a mortgage to pay for the origination expenses (title, escrow, etc.)¬†of the borrower. Typically, the borrower would just add the expenses to the loan balance, but there may be reasons why the borrower does […]