Which of the following can classify a balloon payment?

A balloon payment is specifically defined as a final payment that covers all remaining principal and interest at the end of a loan term, after a series of smaller, regular payments have been made. In many loan agreements, especially those that are structured as short-term loans or have a balloon feature, borrowers pay lower monthly amounts during the term of the loan, with the understanding that a significant final payment will be required at its conclusion. This last payment can be substantially larger than the preceding regular payments.

The other options do not fit the definition of a balloon payment. Regular monthly payments described in one option typically involve amortization over the life of the loan, where each payment contributes to both interest and principal, and there is no large final payment required. A payment due at the beginning of a loan does not align with the nature of a balloon payment, which is about the end of the loan term. Lastly, the description of a fee for appraising property does not pertain to loan payments at all, suggesting it relates more to the costs involved in processing a loan rather than the payment structure of a loan itself.