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Youd like to buy a house. You can borrow $600,000 but you can only afford to make monthly payments of $2,750. The lender agrees to
- Youd like to buy a house. You can borrow $600,000 but you can only afford to make monthly payments of $2,750. The lender agrees to allow you to make this payment on a 30 year mortgage, but then you must make a balloon payment to cover any shortfall. What is the dollar amount youll still owe if your mortgage rate is 4.349%
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