Suppose you want to buy a $454,136 home.  You can put $90,000 down and can finance at 6.6% APR Monthly for 30 years, but can only afford to pay $1,117, for the first five years, and have offered to make a balloon payment of $100,000 at the end of thirty years (your 360th payment).

How much will your remaining payments be?

Answer rating: 100% (QA)

Calculate the monthly interest rate The annual percentage rate APR is 66 and since the loan is compo... View the full answer