John has a mortgage with an original principal of $2,275,000 amortized over 25 years in monthly payments at 6.5% per annum interest. What is the monthly payment? What is the mortgage balance of the above problem if it has a 10-year balloon note?

John borrows $1,000,000 for a mortgage with monthly payments over 30 years at a rate of 9.75% per annum interest. What is the monthly payment? What is the remaining balance of his loan after a 5-year balloon note?

John decides to build a beachfront home on her annual vacation island. She obtains a 75% LTV construction loan on a property worth $400,000. If the loan is made at 6% interest, what is the interest payment due on this loan at the end of the nine-month construction period?