Hi-

I have a question an was hoping someone could verify?

What is the total “all-in yield”

An interest only loan (360day) for $237,772 is provided to a borrower. It was repaid to you in 17 days.You earned $415 in interest income and also were paid a flat $50 pre-payment feeat repayment. What is the all-in yield?

I calculated 4.15%.

- I determine my total income of 415 + 50 = 465
- I take that total income by the daysoutstanding as a “per diem” than times that over the compound period of “360”or 465 / 17 * 360 days = 9,847
- I take that amount and divide it into the principalbalance at pay off or 9,847 / 237,772 = 4.15

Am I close?

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