Loan balance: $256,663.53
First payment: 5/1/11 $1,195.43
Last payment: 8/1/2036
Interest rate: 4.750% fixed
Here is how you calculate: Balloon Payment Calculator
Using this calculator your balloon payment would be $153,687.77.
However, your loan documentation should actually include a payment schedule that spells out what your balloon payment is. But look at your documents and talk with the mortgage company.
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