February 2010 – Terms Revealed – Bank of America – Making Home Affordable Loan Modification Sacramento California Area – Mike Jaeger Live – $342000 loan – 2% five years – 3% one year – 4% one year – 5% for 18 years… Payments start at 1489 including taxes and insurance and increase to 1643 in year six then 1802 in year seven then fixed at 1966 starting year 8 through year 25 with a balloon payment of apx $125000 ….. HMMM ?