You are considering refinancing your loan. The original amount of the current loan was $20,000,000 with a coupon of 6.5% payable monthly based on 30-year amortization with the balance due with a 10-year balloon.Seven years have passed and current reinvestment yields are 4%.

Assuming yield maintenance is calculated to maturity, what is the TOTAL amount due from the borrower assuming he repays his loan?