5. You need a loan of $135,000, but want to pay it off as soon as possible. For a 6.25% rate, and 30 year term, what will your required monthly payment be? If you choose to pay $1750 per month on this loan, how fast will you be able to pay if off? 6. With a graduated payment mortgage, your initial payments are too low to amortize your loan at the standard rate. If a 125,000 mortgage with a 9% interest rate is chosen, and the first year payment is $750/ mo., what will the balance be after the first year? How much will you have paid into interest in the first year