Final answer:
The monthly payment on the loan is approximately $1,211.89. The outstanding balance after 17 years is approximately $101,381.63.
Step-by-step explanation:
To determine the payment amount on the loan, we can use the formula for the present value of an annuity:

where P is the loan amount, R is the monthly payment, i is the monthly interest rate, and n is the total number of payments. Plugging in the given values, we have:
P = $177,390
i = 0.0675 / 12
n = 25 * 12
Using these values, we can solve for R:
R = $177,390 * (0.005625 / (1 - (1 + 0.005625)⁻³⁰⁰))
R ≈ $1,211.89
Therefore, the monthly payment on the loan is approximately $1,211.89.
To determine the outstanding balance after 17 years, we can use the formula for the future value of an annuity:

where FV is the future value, P is the loan amount, i is the monthly interest rate, and n is the total number of payments. Plugging in the given values, we have:
P = $177,390
i = 0.0675 / 12
n = 17 * 12
Using these values, we can solve for FV:
FV = $177,390 * ((1 + 0.005625)²⁰⁴⁻¹) / 0.005625
FV ≈ $101,381.63
Therefore, the outstanding balance after 17 years is approximately $101,381.63.