Question 3. of 15.) An $85,000 loan with a 30-year amortization term is issued at rate of 9.75%. There are 21 years and $67,300 remaining on the balance. The monthly payment amount is $730.28. If the lender requires a balloon payment on the loan at the end of 10 years, what would the value of the balloon payment be? Hint: What is the balloon payments future value?

Real Estate Financial Modeling / Questions / Question 3. of 15.) An $85,000 loan with a 30-year amortization term is issued at rate of 9.75%. There are 21 years and $67,300 remaining on the balance. The monthly payment amount is $730.28. If the lender requires a balloon payment on the loan at the end of 10 years, what would the value of the balloon payment be? Hint: What is the balloon payments future value?

Aug 23