Based upon the information you provided, it appears your monthly payment will be $253 and your balloon payment at the end of five years will be $45,832. You will pay $10,780 in interest.<table class='pure-table pure-table-bordered'><tr><td>Estimated monthly payment (excluding taxes/insurance)</td><td>$253</td></tr><tr><td>Calculated yearly payment</td><td>$3,040</td></tr><tr><td>Balloon payment</td><td>$45,832</td></tr><tr><td>Total interest paid</td><td>$10,780</td></tr></table> <div id="chart1Container">Chart will load here</div> <script type="text/javascript"> <!-- var myChart1 = new FusionCharts( "MSColumn2D", "myChart1Id", "100%", "100%", "0", "1" ); myChart1.setXMLData("<chart showValues='1' showFCMenuItem='0' decimals='0' formatNumberScale='0' caption='5 year Balloon Mortgage' xAxisName='' numberPrefix='$' bgColor='FFFFFF' showBorder='0' canvasBgColor='ffffff' showAlternateHGridColor='0' plotGradientColor=''><categories><category label='' /></categories><dataset seriesName='Balloon Payment' color='0B9191'><set value='45832.0' /></dataset><dataset seriesName='Total Interest Paid' color='F58127'><set value='10780.0' /></dataset></chart>"); // --> </script> <ul><li><a href="home-affordability">How much home can I afford?</a></li><li><a href="refinance-calculator">Should I refinance my mortgage?</a></li><li><a href="mortgage-calculator">Mortgage calculator</a></li><li><a href="hom04">Comparing mortgage terms (i.e. 15, 20, 30 year)</a></li><li><a href="hom05">Should I pay discount points for a lower interest rate?</a></li><li><a href="rent-vs-buy-home">Should I rent or buy a home?</a></li><li><a href="should-i-convert-to-a-bi-weekly-payment-schedule">Should I convert to a bi-weekly payment schedule?</a></li><li><a href="hom08">Compare a 'no-cost' vs. traditional mortgage</a></li><li><a href="hom09">What are the tax savings generated by my mortgage?</a></li><li><a href="fixed-or-adjustable-rate-mortgage">Which is better, fixed or adjustable-rate mortgage?</a></li><li><a href="adjustable-rate-mortgage-calculator">Adjustable rate mortgage calculator</a></li><li><a href="hom12">How do closing costs impact the interest rate?</a></li><li><a href="hom13">Compare an interest-only vs. traditional mortgage</a></li><li><a href="how-much-can-i-borrow-from-my-home-equity-heloc">How much can I borrow from my home equity (HELOC)?</a></li><li><a href="loan-comparison-calculator">Loan Comparison Calculator</a></li></ul><span style="padding-bottom:2px;background-color:#eee;line-height:1.45em;border-bottom:1px dotted;border-top:1px dotted;"><span style="color:#81A41E;font-size:100%;font-weight:700;">&nbsp;FINANCIAL PLANNERS</span> <span style="color:#000;font-size:100%;font-weight:normal;">&ndash; <a href="http://www.plannerportal.com" target="_PP_WINDOW">Affordable Financial Planning Software</a> &ndash; <a href="http://www.plannerportal.com" target="_PP_WINDOW">www.PlannerPortal.com</a></span>&nbsp;&nbsp;</span>