1. A 5,400,000 30-year fully amortizing fixed rate mortgage loan at 4.5% annual interest with monthly payments has been seasoned for 12 years. What is the balloon payment due on the contract maturity date?

A 27,361 b 1,467,627 c 5,400,000 d 0

Is this answer A?

2. The balloon payment due on the contract maturity dates of a $5,400,000 30-year fully amortization fixed rate mortgage loan at 4.5% annual interest with monthly payment is?

A 1,800,000 B 1,441,609 C 192,812 d 0

Is this answer D?