Month

OLB(Beg) PMT
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000

INT
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

Amort
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

OLB(End)
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000
0
1000000

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
1010000

10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000
10000

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1000000

1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
1000000
0

Interest Rate
0.01

Month

OLB(Beg) PMT
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

1000000
991666.7
983333.3
975000
966666.7
958333.3
950000
941666.7
933333.3
925000
916666.7
908333.3
900000
891666.7
883333.3
875000
866666.7
858333.3
850000
841666.7
833333.3
825000
816666.7
808333.3
800000
791666.7
783333.3
775000
766666.7
758333.3
750000
741666.7
733333.3
725000
716666.7
708333.3
700000
691666.7
683333.3
675000
666666.7

18333.33
18250
18166.67
18083.33
18000
17916.67
17833.33
17750
17666.67
17583.33
17500
17416.67
17333.33
17250
17166.67
17083.33
17000
16916.67
16833.33
16750
16666.67
16583.33
16500
16416.67
16333.33
16250
16166.67
16083.33
16000
15916.67
15833.33
15750
15666.67
15583.33
15500
15416.67
15333.33
15250
15166.67
15083.33
15000

INT
10000
9916.667
9833.333
9750
9666.667
9583.333
9500
9416.667
9333.333
9250
9166.667
9083.333
9000
8916.667
8833.333
8750
8666.667
8583.333
8500
8416.667
8333.333
8250
8166.667
8083.333
8000
7916.667
7833.333
7750
7666.667
7583.333
7500
7416.667
7333.333
7250
7166.667
7083.333
7000
6916.667
6833.333
6750
6666.667

Amort

OLB(End)
1000000
8333.333 991666.6667
8333.333 983333.3333
8333.333
975000
8333.333 966666.6667
8333.333 958333.3333
8333.333
950000
8333.333 941666.6667
8333.333 933333.3333
8333.333
925000
8333.333 916666.6667
8333.333 908333.3333
8333.333
900000
8333.333 891666.6667
8333.333 883333.3333
8333.333
875000
8333.333 866666.6667
8333.333 858333.3333
8333.333
850000
8333.333 841666.6667
8333.333 833333.3333
8333.333
825000
8333.333 816666.6667
8333.333 808333.3333
8333.333
800000
8333.333 791666.6667
8333.333 783333.3333
8333.333
775000
8333.333 766666.6667
8333.333 758333.3333
8333.333
750000
8333.333 741666.6667
8333.333 733333.3333
8333.333
725000
8333.333 716666.6667
8333.333 708333.3333
8333.333
700000
8333.333 691666.6667
8333.333 683333.3333
8333.333
675000
8333.333 666666.6667
8333.333 658333.3333

20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

658333.3
650000
641666.7
633333.3
625000
616666.7
608333.3
600000
591666.7
583333.3
575000
566666.7
558333.3
550000
541666.7
533333.3
525000
516666.7
508333.3
500000
491666.7
483333.3
475000
466666.7
458333.3
450000
441666.7
433333.3
425000
416666.7
408333.3
400000
391666.7
383333.3
375000
366666.7
358333.3
350000
341666.7
333333.3
325000
316666.7
308333.3

14916.67
14833.33
14750
14666.67
14583.33
14500
14416.67
14333.33
14250
14166.67
14083.33
14000
13916.67
13833.33
13750
13666.67
13583.33
13500
13416.67
13333.33
13250
13166.67
13083.33
13000
12916.67
12833.33
12750
12666.67
12583.33
12500
12416.67
12333.33
12250
12166.67
12083.33
12000
11916.67
11833.33
11750
11666.67
11583.33
11500
11416.67

6583.333
6500
6416.667
6333.333
6250
6166.667
6083.333
6000
5916.667
5833.333
5750
5666.667
5583.333
5500
5416.667
5333.333
5250
5166.667
5083.333
5000
4916.667
4833.333
4750
4666.667
4583.333
4500
4416.667
4333.333
4250
4166.667
4083.333
4000
3916.667
3833.333
3750
3666.667
3583.333
3500
3416.667
3333.333
3250
3166.667
3083.333

8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333

650000
641666.6667
633333.3333
625000
616666.6667
608333.3333
600000
591666.6667
583333.3333
575000
566666.6667
558333.3333
550000
541666.6667
533333.3333
525000
516666.6667
508333.3333
500000
491666.6667
483333.3333
475000
466666.6667
458333.3333
450000
441666.6667
433333.3333
425000
416666.6667
408333.3333
400000
391666.6667
383333.3333
375000
366666.6667
358333.3333
350000
341666.6667
333333.3333
325000
316666.6667
308333.3333
300000

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

300000
291666.7
283333.3
275000
266666.7
258333.3
250000
241666.7
233333.3
225000
216666.7
208333.3
200000
191666.7
183333.3
175000
166666.7
158333.3
150000
141666.7
133333.3
125000
116666.7
108333.3
100000
91666.67
83333.33
75000
66666.67
58333.33
50000
41666.67
33333.33
25000
16666.67
8333.333

11333.33
11250
11166.67
11083.33
11000
10916.67
10833.33
10750
10666.67
10583.33
10500
10416.67
10333.33
10250
10166.67
10083.33
10000
9916.667
9833.333
9750
9666.667
9583.333
9500
9416.667
9333.333
9250
9166.667
9083.333
9000
8916.667
8833.333
8750
8666.667
8583.333
8500
8416.667

3000
2916.667
2833.333
2750
2666.667
2583.333
2500
2416.667
2333.333
2250
2166.667
2083.333
2000
1916.667
1833.333
1750
1666.667
1583.333
1500
1416.667
1333.333
1250
1166.667
1083.333
1000
916.6667
833.3333
750
666.6667
583.3333
500
416.6667
333.3333
250
166.6667
83.33333

8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333
8333.333

291666.6667
283333.3333
275000
266666.6667
258333.3333
250000
241666.6667
233333.3333
225000
216666.6667
208333.3333
200000
191666.6667
183333.3333
175000
166666.6667
158333.3333
150000
141666.6667
133333.3333
125000
116666.6667
108333.3333
100000
91666.66667
83333.33333
75000
66666.66667
58333.33333
50000
41666.66667
33333.33333
25000
16666.66667
8333.333333
(0.00)

Interest Rate
0.01
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0

PMT
INT
Amort

PMT
INT
Amort

Month

OLB(Beg) PMT
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

1000000
995652.9
991262.3
986827.9
982349.1
977825.4
973256.6
968642.1
963981.4
959274.1
954519.8
949717.9
944868
939969.5
935022.1
930025.3
924978.4
919881.1
914732.8
909533.1
904281.3
898977
893619.7
888208.8
882743.8
877224.1
871649.3
866018.7
860331.8
854588
848786.8
842927.6
837009.7
831032.7
824996
818898.8
812740.7
806521
800239.2
793894.4
787486.3

$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09

INT
10000
9956.529
9912.623
9868.279
9823.491
9778.254
9732.566
9686.421
9639.814
9592.741
9545.198
9497.179
9448.68
9399.695
9350.221
9300.253
9249.784
9198.811
9147.328
9095.331
9042.813
8989.77
8936.197
8882.088
8827.438
8772.241
8716.493
8660.187
8603.318
8545.88
8487.868
8429.276
8370.097
8310.327
8249.96
8188.988
8127.407
8065.21
8002.392
7938.944
7874.863

Amort
$4,347.09
$4,390.57
$4,434.47
$4,478.82
$4,523.60
$4,568.84
$4,614.53
$4,660.67
$4,707.28
$4,754.35
$4,801.90
$4,849.92
$4,898.42
$4,947.40
$4,996.87
$5,046.84
$5,097.31
$5,148.28
$5,199.77
$5,251.76
$5,304.28
$5,357.32
$5,410.90
$5,465.01
$5,519.66
$5,574.85
$5,630.60
$5,686.91
$5,743.78
$5,801.21
$5,859.23
$5,917.82
$5,977.00
$6,036.77
$6,097.14
$6,158.11
$6,219.69
$6,281.88
$6,344.70
$6,408.15
$6,472.23

OLB(End)
1000000
$995,652.91
$991,262.34
$986,827.87
$982,349.05
$977,825.45
$973,256.61
$968,642.08
$963,981.40
$959,274.12
$954,519.77
$949,717.87
$944,867.96
$939,969.54
$935,022.14
$930,025.27
$924,978.43
$919,881.12
$914,732.83
$909,533.07
$904,281.30
$898,977.02
$893,619.69
$888,208.80
$882,743.79
$877,224.13
$871,649.28
$866,018.68
$860,331.77
$854,587.99
$848,786.78
$842,927.55
$837,009.73
$831,032.73
$824,995.97
$818,898.83
$812,740.72
$806,521.04
$800,239.15
$793,894.45
$787,486.30
$781,014.07

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

781014.1
774477.1
767874.8
761206.4
754471.4
747669
740798.6
733859.5
726851
719772.4
712623.1
705402.2
698109.1
690743.1
683303.5
675789.4
668200.2
660535.1
652793.4
644974.2
637076.8
629100.5
621044.4
612907.8
604689.8
596389.6
588006.4
579539.3
570987.6
562350.4
553626.8
544816
535917.1
526929.1
517851.3
508682.8
499422.5
490069.6
480623.2
471082.4
461446.1
451713.5
441883.5

$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09

7810.141
7744.771
7678.748
7612.064
7544.714
7476.69
7407.986
7338.595
7268.51
7197.724
7126.231
7054.022
6981.091
6907.431
6833.035
6757.894
6682.002
6605.351
6527.934
6449.742
6370.768
6291.005
6210.444
6129.078
6046.898
5963.896
5880.064
5795.393
5709.876
5623.504
5536.268
5448.16
5359.171
5269.291
5178.513
5086.828
4994.225
4900.696
4806.232
4710.824
4614.461
4517.135
4418.835

$6,536.95
$6,602.32
$6,668.35
$6,735.03
$6,802.38
$6,870.40
$6,939.11
$7,008.50
$7,078.58
$7,149.37
$7,220.86
$7,293.07
$7,366.00
$7,439.66
$7,514.06
$7,589.20
$7,665.09
$7,741.74
$7,819.16
$7,897.35
$7,976.33
$8,056.09
$8,136.65
$8,218.02
$8,300.20
$8,383.20
$8,467.03
$8,551.70
$8,637.22
$8,723.59
$8,810.83
$8,898.93
$8,987.92
$9,077.80
$9,168.58
$9,260.27
$9,352.87
$9,446.40
$9,540.86
$9,636.27
$9,732.63
$9,829.96
$9,928.26

$774,477.11
$767,874.79
$761,206.44
$754,471.41
$747,669.03
$740,798.63
$733,859.52
$726,851.02
$719,772.43
$712,623.06
$705,402.20
$698,109.13
$690,743.12
$683,303.46
$675,789.40
$668,200.20
$660,535.10
$652,793.36
$644,974.20
$637,076.85
$629,100.52
$621,044.43
$612,907.78
$604,689.76
$596,389.57
$588,006.37
$579,539.34
$570,987.63
$562,350.42
$553,626.82
$544,816.00
$535,917.06
$526,929.14
$517,851.34
$508,682.75
$499,422.49
$490,069.62
$480,623.22
$471,082.36
$461,446.08
$451,713.45
$441,883.49
$431,955.23

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

431955.2
421927.7
411799.9
401570.8
391239.4
380804.7
370265.6
359621.2
348870.3
338011.9
327044.9
315968.3
304780.9
293481.6
282069.3
270542.9
258901.3
247143.2
235267.5
223273.1
211158.7
198923.2
186565.4
174083.9
161477.7
148745.3
135885.7
122897.5
109779.3
96530.05
83148.25
69632.64
55981.87
42194.59
28269.44
14205.04

$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09
$14,347.09

4319.552
4219.277
4117.999
4015.708
3912.394
3808.047
3702.656
3596.212
3488.703
3380.119
3270.449
3159.683
3047.809
2934.816
2820.693
2705.429
2589.013
2471.432
2352.675
2232.731
2111.587
1989.232
1865.654
1740.839
1614.777
1487.453
1358.857
1228.975
1097.793
965.3005
831.4825
696.3264
559.8187
421.9459
282.6944
142.0504

$10,027.54
$10,127.82
$10,229.10
$10,331.39
$10,434.70
$10,539.05
$10,644.44
$10,750.88
$10,858.39
$10,966.98
$11,076.65
$11,187.41
$11,299.29
$11,412.28
$11,526.40
$11,641.67
$11,758.08
$11,875.66
$11,994.42
$12,114.36
$12,235.51
$12,357.86
$12,481.44
$12,606.26
$12,732.32
$12,859.64
$12,988.24
$13,118.12
$13,249.30
$13,381.79
$13,515.61
$13,650.77
$13,787.28
$13,925.15
$14,064.40
$14,205.04

$421,927.69
$411,799.87
$401,570.77
$391,239.39
$380,804.69
$370,265.64
$359,621.20
$348,870.32
$338,011.92
$327,044.95
$315,968.30
$304,780.89
$293,481.61
$282,069.33
$270,542.93
$258,901.26
$247,143.18
$235,267.51
$223,273.09
$211,158.73
$198,923.22
$186,565.36
$174,083.92
$161,477.66
$148,745.35
$135,885.70
$122,897.47
$109,779.35
$96,530.05
$83,148.25
$69,632.64
$55,981.87
$42,194.59
$28,269.44
$14,205.04
($0.00)

Interest Rate
0.01

$16,000.00
$14,000.00
$12,000.00
$10,000.00
$8,000.00
$6,000.00
$4,000.00
$2,000.00
$0.00

1200000
1000000
800000
600000
400000
200000
0

Col

1200000
1000000
800000
600000
400000
200000
0

Col

PMT
INT
Amort

Column B

Column B

Month

OLB(Beg) PMT
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

1000000
1002000
1004020
1006060
1008121
1010202
1012304
1014427
1016571
1018737
1020924
1023134
1025365
1027619
1029895
1032194
1034516
1036861
1039229
1041622
1044038
1046478
1048943
1051433
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947

8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
8000
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47

INT
10000
10020
10040.2
10060.6
10081.21
10102.02
10123.04
10144.27
10165.71
10187.37
10209.24
10231.34
10253.65
10276.19
10298.95
10321.94
10345.16
10368.61
10392.29
10416.22
10440.38
10464.78
10489.43
10514.33
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47

Amort

OLB(End)
1000000 $8000 constant
-2000 1002000
-2020 1004020
-2040.2 1006060
-2060.602 1008121
-2081.208 1010202
-2102.02 1012304
-2123.04 1014427
-2144.271 1016571
-2165.713 1018737
-2187.371 1020924
-2209.244 1023134
-2231.337 1025365
-2253.65 1027619
-2276.187 1029895
-2298.948 1032194
-2321.938 1034516
-2345.157 1036861
-2368.609 1039229
-2392.295 1041622
-2416.218 1044038
-2440.38 1046478
-2464.784 1048943
-2489.432 1051433
-2514.326 1053947
0 1053947 Interest only
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947
0 1053947

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

1053947
1053947
1053947
1053947
1053947
1053947
1053947
1053947
1043882
1033715
1023448
1013077
1002603
992024.5
981339.8
970548.4
959649
948640.6
937522.2
926292.5
914950.6
903495.2
891925.3
880239.7
868437.2
856516.7
844477
832316.9
820035.2
807630.7
795102.2
782448.3
769667.9
756759.8
743722.5
730554.8
717255.5
703823.2
690256.6
676554.3
662715
648737.2
634619.8

10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87

10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10539.47
10438.82
10337.15
10234.48
10130.77
10026.03
9920.245
9813.398
9705.484
9596.49
9486.406
9375.222
9262.925
9149.506
9034.952
8919.253
8802.397
8684.372
8565.167
8444.77
8323.169
8200.352
8076.307
7951.022
7824.483
7696.679
7567.598
7437.225
7305.548
7172.555
7038.232
6902.566
6765.543
6627.15
6487.372
6346.198

0
0
0
0
0
0
0
10065.4
10166.05
10267.71
10370.39
10474.09
10578.83
10684.62
10791.47
10899.38
11008.38
11118.46
11229.64
11341.94
11455.36
11569.91
11685.61
11802.47
11920.49
12039.7
12160.1
12281.7
12404.51
12528.56
12653.84
12780.38
12908.19
13037.27
13167.64
13299.32
13432.31
13566.63
13702.3
13839.32
13977.72
14117.49
14258.67

1053947
1053947
1053947
1053947
1053947
1053947
1053947
1043882 CPM
1033715
1023448
1013077
1002603
992024.5
981339.8
970548.4
959649
948640.6
937522.2
926292.5
914950.6
903495.2
891925.3
880239.7
868437.2
856516.7
844477
832316.9
820035.2
807630.7
795102.2
782448.3
769667.9
756759.8
743722.5
730554.8
717255.5
703823.2
690256.6
676554.3
662715
648737.2
634619.8
620361.1

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

620361.1
605959.8
591414.6
576723.8
561886.2
546900.2
531764.4
516477.1
501037
485442.5
469692.1
453784.2
437717.1
421489.4
405099.5
388545.6
371826.2
354939.6
337884.1
320658.1
303259.8
285687.5
267939.6
250014.1
231909.4
213623.6
195155
176501.6
157661.8
138633.5
119415
100004.3
80399.47
60598.6
40599.72
20400.86

20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87
20604.87

6203.611
6059.598
5914.146
5767.238
5618.862
5469.002
5317.644
5164.771
5010.37
4854.425
4696.921
4537.842
4377.171
4214.894
4050.995
3885.456
3718.262
3549.396
3378.841
3206.581
3032.598
2856.875
2679.396
2500.141
2319.094
2136.236
1951.55
1765.016
1576.618
1386.335
1194.15
1000.043
803.9947
605.986
405.9972
204.0086

14401.25
14545.27
14690.72
14837.63
14986
15135.86
15287.22
15440.09
15594.49
15750.44
15907.94
16067.02
16227.69
16389.97
16553.87
16719.41
16886.6
17055.47
17226.02
17398.28
17572.27
17747.99
17925.47
18104.72
18285.77
18468.63
18653.32
18839.85
19028.25
19218.53
19410.72
19604.82
19800.87
19998.88
20198.87
20400.86

605959.8
591414.6
576723.8
561886.2
546900.2
531764.4
516477.1
501037
485442.5
469692.1
453784.2
437717.1
421489.4
405099.5
388545.6
371826.2
354939.6
337884.1
320658.1
303259.8
285687.5
267939.6
250014.1
231909.4
213623.6
195155
176501.6
157661.8
138633.5
119415
100004.3
80399.47
60598.6
40599.72
20400.86
0.00

Interest Rate
0.01

25000

20000

15000

P
10000

IN

A
5000

-5000

PMT
INT
Amort

Month

OLB(Beg) PMT
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

1000000
995652.9
991262.3
986827.9
982349.1
977825.4
973256.6
968642.1
963981.4
959274.1
954519.8
949717.9
944868
940458.2
935997
931483.8
926917.9
922298.8
917625.8
912898.2
908115.5
903277
898382
893429.9
888420.1
882342.6
876214.4
870035.2
863804.4
857521.8
851186.7
844798.9
838357.9
831863.2
825314.3
818710.9
812052.5
805338.5
798568.7
791742.4
784859.2

14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
14347.09
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
15433.19
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03

INT
10000
9956.529
9912.623
9868.279
9823.491
9778.254
9732.566
9686.421
9639.814
9592.741
9545.198
9497.179
11023.46
10972.01
10919.97
10867.31
10814.04
10760.15
10705.63
10650.48
10594.68
10538.23
10481.12
10423.35
7403.501
7352.855
7301.787
7250.293
7198.37
7146.015
7093.223
7039.991
6986.316
6932.193
6877.619
6822.591
6767.104
6711.155
6654.739
6597.853
6540.493

Amort

OLB(End)
1000000
4347.095 995652.9052
4390.566 991262.3394
4434.471 986827.8679
4478.816 982349.0518
4523.604 977825.4474
4568.84 973256.6071
4614.529 968642.0783
4660.674 963981.4042
4707.281 959274.1235
4754.354 954519.7698
4801.897 949717.8727
4849.916 944867.9566
4409.731 940458.2252
4461.178 935997.047
4513.225 931483.8217
4565.88 926917.9422
4619.148 922298.794
4673.038 917625.7557
4727.557 912898.1987
4782.712 908115.4868
4838.51 903276.9767
4894.959 898382.0172
4952.067 893429.9499
5009.841 888420.1085
6077.532 882342.5769
6128.178 876214.3992
6179.246 870035.1533
6230.74 863804.4138
6282.662 857521.7514
6335.018 851186.7335
6387.81 844798.9237
6441.041 838357.8822
6494.717 831863.1654
6548.839 825314.3259
6603.413 818710.9128
6658.442 812052.4712
6713.929 805338.5426
6769.878 798568.6646
6826.294 791742.371
6883.179 784859.1916
6940.539 777918.6523

18000
16000
14000
12000
10000
8000
6000
4000
2000
0

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84

777918.7
770920.3
763863.6
756748.1
749573.3
742338.7
735043.8
727688.1
720271.2
712792.4
705251.3
697647.4
689980.1
682248.9
674453.2
666592.7
658666.6
650674.4
642615.7
634489.8
626296.2
618034.3
609703.5
601303.3
592833.2
584292.4
575680.5
566996.8
558240.7
549411.7
540509.1
531532.3
522480.7
513353.7
504150.6
494870.8
485513.7
476078.6
466564.9
456971.9
447299
437545.5
427710.6

13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03

6482.655
6424.336
6365.53
6306.234
6246.444
6186.156
6125.365
6064.068
6002.26
5939.937
5877.094
5813.728
5749.834
5685.407
5620.444
5554.939
5488.888
5422.287
5355.131
5287.415
5219.135
5150.285
5080.863
5010.861
4940.276
4869.103
4797.337
4724.973
4652.006
4578.431
4504.242
4429.436
4354.006
4277.947
4201.255
4123.924
4045.948
3967.322
3888.041
3808.099
3727.492
3646.212
3564.255

6998.377
7056.697
7115.503
7174.799
7234.589
7294.877
7355.667
7416.965
7478.773
7541.096
7603.938
7667.304
7731.199
7795.625
7860.589
7926.094
7992.144
8058.746
8125.902
8193.618
8261.898
8330.747
8400.17
8470.171
8540.756
8611.929
8683.695
8756.059
8829.026
8902.602
8976.79
9051.597
9127.027
9203.085
9279.778
9357.109
9435.085
9513.711
9592.992
9672.933
9753.541
9834.82
9916.777

770920.2753
763863.5784
756748.0757
749573.2771
742338.6886
735043.8118
727688.1444
720271.1797
712792.4071
705251.3113
697647.373
689980.0686
682248.87
674453.2447
666592.6559
658666.5622
650674.4177
642615.672
634489.7701
626296.1523
618034.2544
609703.5074
601303.3374
592833.1661
584292.4099
575680.4808
566996.7856
558240.7263
549411.6999
540509.0982
531532.3082
522480.7116
513353.685
504150.5998
494870.8223
485513.7133
476078.6284
466564.9178
456971.9263
447298.9932
437545.4522
427710.6318
417793.8546

85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120

417793.9
407794.4
397711.7
387544.9
377293.4
366956.5
356533.4
346023.5
335426
324740.2
313965.3
303100.7
292145.5
281099
269960.5
258729.1
247404.2
235984.8
224470.3
212859.9
201152.7
189347.9
177444.8
165442.5
153340.1
141136.9
128832
116424.6
103913.8
91298.68
78578.47
65752.26
52819.16
39778.29
26628.75
13369.62

13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03
13481.03

3481.615
3398.287
3314.264
3229.541
3144.112
3057.971
2971.112
2883.529
2795.217
2706.168
2616.378
2525.839
2434.546
2342.492
2249.671
2156.076
2061.701
1966.54
1870.586
1773.832
1676.272
1577.899
1478.707
1378.687
1277.834
1176.141
1073.6
970.205
865.9481
760.8224
654.8206
547.9355
440.1597
331.4858
221.9062
111.4135

9999.417
10082.75
10166.77
10251.49
10336.92
10423.06
10509.92
10597.5
10685.82
10774.86
10864.65
10955.19
11046.49
11138.54
11231.36
11324.96
11419.33
11514.49
11610.45
11707.2
11804.76
11903.13
12002.33
12102.35
12203.2
12304.89
12407.43
12510.83
12615.08
12720.21
12826.21
12933.1
13040.87
13149.55
13259.13
13369.62

407794.4375
397711.692
387544.9236
377293.4321
366956.5115
356533.4499
346023.5295
335426.0264
324740.2108
313965.3467
303100.692
292145.4986
281099.0119
269960.4712
258729.1093
247404.1527
235984.8214
224470.3291
212859.8827
201152.6825
189347.9223
177444.7892
165442.4632
153340.1179
141136.9197
128832.0282
116424.5959
103913.7684
91298.68393
78578.47378
65752.26188
52819.16488
39778.29207
26628.74533
13369.61902
(0.00)

Interest rate
0.01
0.01
18000
0.01
0.01
16000
0.01
0.01
14000
0.01
12000
0.01
0.01
10000
0.01
0.01
8000
0.01
60000.01166667
0.01166667
40000.01166667
0.01166667
2000
0.01166667
00.01166667
0.01166667
0.01166667
0.01166667
0.01166667
0.01166667
0.01166667
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333

Annual contract rate

12%

PMT
INT
Amort
14%

10%

Column G
Interest rate

0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333

0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333
0.00833333

Year
3yrs, 8%, 2 pts
3yrs, 7%, 5 pts
6yrs, 8%, 2 pts
Contract Balance
100000
100000
100000
0 (Disbursement Bal)
-98000
-95000
-98000
1
8000
7000
8000
2
8000
7000
8000
3
108000
107000
8000
4
8000
5
8000
6
108000
IRR
Contract Rate

8.78711%

8.9743716%

8.43840%

8%

7%

8%

6yrs, 7%, 5 pts

100000
-95000
7000
7000
7000
7000
7000
107000
8.08435%
7%

Balloon 1
25-yr fully amortizing
($15,436.32)
10-yr balloon
($1,615,266.12)
15-yr amortization, 10-yr Balloon
payment
($19,113.04)

balloon
($942,625.27)

Mortgage Yields 1
1) Find Monthly payment, fully amortizing, using contract balance
($13,984.29)

(answer to point 1, no points, fully amortizing)

2) Find balloon using contract balance and contract rate. (only applicable to point 3 of question)
($1,805,565.19)
3) Change PV to disbursement balance, and find interest rate
monthly
annual
0.642300%
0.654242733%

Mortgage Yields 2

0.0770759571
0.0785091279

I will make the contract balance 1. Then all answers can be interpreted as fr
For different balances, multiply everything by your desired balance.

1) Find Monthly payment, fully amortizing, using contract balance

7.25 contract
7 contract
($0.0068217628)
($0.0066530250)
2) Find balloon using contract balance and contract rate.
7.25 contract
7 contract
($0.8989093)

($0.8949165)

3) Find PV, using desired effective yield. This gives the disbursement balance.
$0.985598360

Number of points (7.25 contract):

$0.014401640

$0.971249453

Number of points (7 contract):

$0.028750547

0.006667

f question)

(answer to point 2, 2 points fully amortizing)

(answer to point 3, 2 points, 8 year balloon)

ers can be interpreted as fractions of contract balance.

ur desired balance.