Course Solutions Uncategorized (Answered) : What is the monthly payment on a standard 30-year fixed rate commercial loan at 6.75% with a balloon payment after 10 years and

(Answered) : What is the monthly payment on a standard 30-year fixed rate commercial loan at 6.75% with a balloon payment after 10 years and

What is the monthly payment on a standard 30-year fixed rate commercial loan at 6.75% with a balloon payment after 10 years and an LTV of 78% on a $750,000? A $4,864.49 B $6,717.21 C $8,611.81 D $3,794.30

Expert Answer


What is the monthly payment on a standard 30-year fixed rate commercial loan at 6.75% with a balloon payment after 10 years and an LTV of 78% on a $750,000?

A $4,864.49

Explanation- Your payment of $4,864.49 is fixed for the 30 year term of your balloon mortgage. After 359 regular monthly payments you will have a balloon payment of $4,859.53

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