You took a 30-year, $700,000 mortgage. The interest rate is fixed at 6.5%. According to the lending agreement, after you make your first payment, you will immediately borrow an additional $1,000 each month for 48 months. Create the amortization table if you make equal payments each month and pay off the loan in 30-years. Figure out payment you make each month before doing the amortization. The ending balance of month 360 should be 0