I'm not sure if this is a good thing or not? Current balance $317K. Agreement offers lower monthly payment but a huge balloon payment at the end of the maturity date. New pricipal balance of $267K, that will be amortized over a period that will extend 240 months beyond the maturity date. (THIS IS WHAT I AM CONFUSED ON!!) Deferment amount of $50k that will not accrue interest and will not be amortized. Total balloon payment of $223K which consists of the portioin of the Amortizing amount that remains unpaid on the maturity date plus the deferment amount.