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What is the incremental borrowing cost of $30,000 if a lender is willing to offer a...

What is the incremental borrowing cost of $30,000 if a lender is willing to offer a $240,000 30-year FRM Loan at 3.48%, or a $270,000 30-year FRM Loan at 3.96%? Assume monthly payments, no origination fees, no prepayment, and the loan fully amortizes. Please indicate your answer as an annual percentage with two digits right of the decimal, or 0.0644 --> 6.44.

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