Question: What is the difference in the monthly payments between the following 2 0 year fixed rate loan options for a home purchased for $ 4

What is the difference in the monthly payments between the following 20 year fixed rate loan options for a home purchased for $465,000. The first is a fully-amortizing loan with a 10% downpayment at an interest rate of 6.10%. The second is a partially amortizing loan with a 5% downpayment and a 30% balloon payment at the end of the loan. The interest rate for this loan is 6.50%a) $493.48b) $0.88c) $32.17d) $136.5120.

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