A real estate promissory note reads "$557.50 per month for 239 payments, then a final monthly payment of $2,011.19." This is an example of a/an:

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The final payment is significantly larger than the previous payments, indicating a balloon payment. This means that the borrower will be paying lower monthly payments over a longer period of time and then make a larger lump sum payment at the end of the term.

A Real Estate Promissory Note Reads "$557