Order these loans from highest monthly payment to lowest monthly payment. (Enter 1 as your answer to designate loan with highest payment, 2 as loan with second highest payment, and so on up to 5 to designate loan with lowest payment) Each of the following loans is for $300,000 and is a fixed rate mortgage with a 3.5% interest rate Interest-only payments for the life of the loan Blank

1 Balloon payment of $500,000 is due at maturity

2 The loan is fully repaid at maturity

3 Balloon payment of $250,000 is due at maturity

4 Balloon payment of $100,000 is due at maturity