$10M
6.0%
$600,000
9 mo
if brokered at 6.0%
$600,000
1.7% all-in rate
− $165,000
9 months × $2,500/mo
− $22,500
+$412,500
$10M
2.0%
$200,000
9 mo
$200,000
17.5% effective rate
− $35,000
9 months × $2,500/mo
− $22,500
+$142,500