Help with the math on a owner carry?

[Ryan McKinney]

Purchase price $140,000,

5% down= $7000

$133,000 amor. over 30 years @3.75% with a balloon at ten years.

Monthly payment @615.94 for 120 months is  $73912.80

What would the ballon payment be?    59087.20????

[Joe Villeneuve]

Find an amortization schedule and do the following:

1 - Fill in the terms from above

2 - Look down the list of payments until you get to the 120th payment.

3 - look across the row under the column "principle balance".

That's your balloon payment.