Question 12. of 15.) A borrower elects to prepay a low interest rate loan. The interest rate is 4% with 60 payments remaining of $145.00 and a balloon payment at the end of the fifth year for $2,200. If the lender is willing to discount the future payments at 10%, how much would the borrower need to prepay the note?

Real Estate Financial Modeling / Questions / Question 12. of 15.) A borrower elects to prepay a low interest rate loan. The interest rate is 4% with 60 payments remaining of $145.00 and a balloon payment at the end of the fifth year for $2,200. If the lender is willing to discount the future payments at 10%, how much would the borrower need to prepay the note?

Aug 23