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To calculate the mortgage balance after the first three payments for a \$170,000 mortgage at a 4.25% APR with a monthly payment of \$1,052.70, we can follow the amortization schedule provided in the image:

The table gives the following details:
- **Payment 1:** Interest = \$602.08, Principal = \$450.62
- **Payment 2:** Interest = \$600.49, Principal = \$452.21
- **Payment 3:** Interest = \$598.89, Principal = \$453.81

### Steps:
1. Start with the initial loan balance of \$170,000.
2. Subtract each principal payment from the remaining balance after each month.
3. Update the remaining balance at the end of each payment.

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Find the mortgage balance after the first three payments on a 20-year $170,000 mortgage that was financed at an APR of 4.25% and has a monthly payment of $1,052.70.

This example demonstrates how to calculate the mortgage balance after three payments for a $170,000 loan with a 4.25% APR. Learn the step-by-step process of determining the interest, principal payment, and remaining loan balance based on the monthly payment of $1,052.70.

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