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. Assume 30 years.

Balloon payment of $500,000 is due at maturity

Balloon payment of $250,000 is due at maturity

The loan is fully repaid at maturity

Interest-only payments for the duration of the loan

Balloon payment of $100,000 is due at maturity