EC100

AMORTIZATION TABLE FOR MORTGAGES: EXPLANATORY NOT

This program calculates the monthly mortgage payment PMT that is required to pay off a mortgage loan of $L with

Click on the worksheet named "TABLE" at the bottom of this worksheet to go to the sheet with the required calculations and th

to enter numerical values for L, Y and rate, the latter being the annual interest rate (in decimal form) the bank charges on the l

monthly compound rate simply by dividing RATE by 12. The monthly rate is calculated by the program, as shown. The number
The number in black are calculated by the program.
To calculate the monthly mortgage payment PMT, the program uses the equation I had used in class, to wit:

PMT = (iL) / [1 - 1/(1+i)(12Y)]

The program will, first, draw a graph showing you what the monthly mortgage payment PMT would be at different values for th

given the values for L (the loan) and Y (the years over which it is to be paid back) that you have submitted to the program. Ben
the amortization table for the particular payment PMT implied by the values of L, Y and RATE that you have submitted.

This amortization table assumes N to be 30 years. Therefore it has 360 rows. If you submit a value of, say, Y =15, then the pro

for 360 rows, but the entires for any row beyond the 180th payment will be meaningless. The row for the 180th payment shoul

Usually mortgages do not exceed 30 years. If you submitted Y = 40, the program would still calculate the correct payment and
amortization table would go only to the 360th payment, not all the way to the 480th payment.

If you ever take out a mortgage loan, you should insist that the banker extending the loan print out for you an amoritzation tabl

still owe after having made the nth payment. In the table shown here, that amount is in the right-most column of the row for the

provide the table, prepare one yourself and have them sign off on it. It is the best protection against unpleasant surprises. As w

decade, the world of finance appears to be run on sometimes dubious ethical standards. (I personally have had the experience

after paying N payments than I knew I did. ) Knowing something about the technical aspects of finance is the best protection a
of finance. It has helped me on more than one occasion.

ANATORY NOTES

ortgage loan of $L with equal monthly payments over Y years.

quired calculations and the amortization table. You are required

he bank charges on the loan. The bank will convert it to a

m, as shown. The number si red are those you must submit.

e at different values for the annual borrowing rate (RATE).

mitted to the program. Benath the graph you will then see

u have submitted.

f, say, Y =15, then the program will still calculate values

the 180th payment should have a 0 in the right-most cell.

the correct payment and draw the proper graph, but the

r you an amoritzation table that shows exactly how much you

column of the row for the nth payment. If the banker won't

unpleasant surprises. As we have learned in the past half

y have had the experience of being told that I owed more

ce is the best protection against being fleeced in the world

SPREADSHEET FOR ANALYZING MORTGAGE LOANS

You need to specify only the numbers shown in red. The machine will do the rest.
SEE THE MORTIZATION TABLE FOR THIS DEAL BELOW
L

$300,000

Mortgage loan

20

Years (can be up to 30 years in this program)

240

Months (calculated by program)

RATE

5.00%

Annual borrowing rate (A.P.R.)

0.42%

Monthly borrowing rate (calculated by program)

PMT

$1,979.87

Monthly mortgage payment (calculated by pgm.)

AMORTIZATION TABLE FOR A MORTGAGE LOAN (SCROLL DOWN)

Disregard any row row past the number of months for this deal
DEBT STILL OWED

INTEREST DUE

PAYMENT DUE

REPAYMENT OF DEBT

AT BEGINNING OF

AT THE END OF

AT THE END OF

WITH THIS PERIOD'S

THE PERIOD

THE PERIOD

THE PERIOD

PAYMENT

(1)

(2)

(3) = i x (2)

(4)

(5) = (4) - (3)

$300,000.00

$1,250.00

$1,979.87

$729.87

$299,270.13

$1,246.96

$1,979.87

$732.91

$298,537.22

$1,243.91

$1,979.87

$735.96

$297,801.26

$1,240.84

$1,979.87

$739.03

$297,062.23

$1,237.76

$1,979.87

$742.11

MONTH

$296,320.13

$1,234.67

$1,979.87

$745.20

$295,574.93

$1,231.56

$1,979.87

$748.31

$294,826.62

$1,228.44

$1,979.87

$751.42

$294,075.20

$1,225.31

$1,979.87

$754.55

10

$293,320.64

$1,222.17

$1,979.87

$757.70

11

$292,562.95

$1,219.01

$1,979.87

$760.85

12

$291,802.09

$1,215.84

$1,979.87

$764.03

13

$291,038.07

$1,212.66

$1,979.87

$767.21

14

$290,270.86

$1,209.46

$1,979.87

$770.41

15

$289,500.45

$1,206.25

$1,979.87

$773.62

16

$288,726.84

$1,203.03

$1,979.87

$776.84

17

$287,950.00

$1,199.79

$1,979.87

$780.08

18

$287,169.92

$1,196.54

$1,979.87

$783.33

19

$286,386.60

$1,193.28

$1,979.87

$786.59

20

$285,600.01

$1,190.00

$1,979.87

$789.87

21

$284,810.14

$1,186.71

$1,979.87

$793.16

22

$284,016.98

$1,183.40

$1,979.87

$796.46

23

$283,220.52

$1,180.09

$1,979.87

$799.78

24

$282,420.74

$1,176.75

$1,979.87

$803.11

25

$281,617.62

$1,173.41

$1,979.87

$806.46

26

$280,811.16

$1,170.05

$1,979.87

$809.82

27

$280,001.34

$1,166.67

$1,979.87

$813.19

28

$279,188.15

$1,163.28

$1,979.87

$816.58

29

$278,371.56

$1,159.88

$1,979.87

$819.99

30

$277,551.58

$1,156.46

$1,979.87

$823.40

31

$276,728.17

$1,153.03

$1,979.87

$826.83

32

$275,901.34

$1,149.59

$1,979.87

$830.28

33

$275,071.06

$1,146.13

$1,979.87

$833.74

34

$274,237.33

$1,142.66

$1,979.87

$837.21

35

$273,400.11

$1,139.17

$1,979.87

$840.70

36

$272,559.41

$1,135.66

$1,979.87

$844.20

37

$271,715.21

$1,132.15

$1,979.87

$847.72

38

$270,867.49

$1,128.61

$1,979.87

$851.25

39

$270,016.24

$1,125.07

$1,979.87

$854.80

40

$269,161.44

$1,121.51

$1,979.87

$858.36

41

$268,303.08

$1,117.93

$1,979.87

$861.94

42

$267,441.14

$1,114.34

$1,979.87

$865.53

43

$266,575.61

$1,110.73

$1,979.87

$869.14

44

$265,706.47

$1,107.11

$1,979.87

$872.76

45

$264,833.72

$1,103.47

$1,979.87

$876.39

46

$263,957.32

$1,099.82

$1,979.87

$880.05

47

$263,077.28

$1,096.16

$1,979.87

$883.71

48

$262,193.57

$1,092.47

$1,979.87

$887.39

49

$261,306.17

$1,088.78

$1,979.87

$891.09

50

$260,415.08

$1,085.06

$1,979.87

$894.80

51

$259,520.28

$1,081.33

$1,979.87

$898.53

52

$258,621.74

$1,077.59

$1,979.87

$902.28

53

$257,719.47

$1,073.83

$1,979.87

$906.04

54

$256,813.43

$1,070.06

$1,979.87

$909.81

55

$255,903.62

$1,066.27

$1,979.87

$913.60

56

$254,990.02

$1,062.46

$1,979.87

$917.41

57

$254,072.61

$1,058.64

$1,979.87

$921.23

58

$253,151.38

$1,054.80

$1,979.87

$925.07

59

$252,226.31

$1,050.94

$1,979.87

$928.92

60

$251,297.38

$1,047.07

$1,979.87

$932.79

61

$250,364.59

$1,043.19

$1,979.87

$936.68

62

$249,427.91

$1,039.28

$1,979.87

$940.58

63

$248,487.32

$1,035.36

$1,979.87

$944.50

64

$247,542.82

$1,031.43

$1,979.87

$948.44

65

$246,594.38

$1,027.48

$1,979.87

$952.39

66

$245,641.99

$1,023.51

$1,979.87

$956.36

67

$244,685.63

$1,019.52

$1,979.87

$960.34

68

$243,725.29

$1,015.52

$1,979.87

$964.35

69

$242,760.94

$1,011.50

$1,979.87

$968.36

70

$241,792.58

$1,007.47

$1,979.87

$972.40

71

$240,820.18

$1,003.42

$1,979.87

$976.45

72

$239,843.73

$999.35

$1,979.87

$980.52

73

$238,863.21

$995.26

$1,979.87

$984.60

74

$237,878.61

$991.16

$1,979.87

$988.71

75

$236,889.90

$987.04

$1,979.87

$992.83

76

$235,897.08

$982.90

$1,979.87

$996.96

77

$234,900.11

$978.75

$1,979.87

$1,001.12

78

$233,899.00

$974.58

$1,979.87

$1,005.29

79

$232,893.71

$970.39

$1,979.87

$1,009.48

80

$231,884.23

$966.18

$1,979.87

$1,013.68

81

$230,870.55

$961.96

$1,979.87

$1,017.91

82

$229,852.64

$957.72

$1,979.87

$1,022.15

83

$228,830.50

$953.46

$1,979.87

$1,026.41

84

$227,804.09

$949.18

$1,979.87

$1,030.68

85

$226,773.41

$944.89

$1,979.87

$1,034.98

86

$225,738.43

$940.58

$1,979.87

$1,039.29

87

$224,699.14

$936.25

$1,979.87

$1,043.62

88

$223,655.52

$931.90

$1,979.87

$1,047.97

89

$222,607.55

$927.53

$1,979.87

$1,052.34

90

$221,555.21

$923.15

$1,979.87

$1,056.72

91

$220,498.49

$918.74

$1,979.87

$1,061.12

92

$219,437.37

$914.32

$1,979.87

$1,065.54

93

$218,371.82

$909.88

$1,979.87

$1,069.98

94

$217,301.84

$905.42

$1,979.87

$1,074.44

95

$216,227.39

$900.95

$1,979.87

$1,078.92

96

$215,148.48

$896.45

$1,979.87

$1,083.42

97

$214,065.06

$891.94

$1,979.87

$1,087.93

98

$212,977.13

$887.40

$1,979.87

$1,092.46

99

$211,884.67

$882.85

$1,979.87

$1,097.01

100

$210,787.65

$878.28

$1,979.87

$1,101.59

101

$209,686.07

$873.69

$1,979.87

$1,106.18

102

$208,579.89

$869.08

$1,979.87

$1,110.78

103

$207,469.11

$864.45

$1,979.87

$1,115.41

104

$206,353.70

$859.81

$1,979.87

$1,120.06

105

$205,233.64

$855.14

$1,979.87

$1,124.73

106

$204,108.91

$850.45

$1,979.87

$1,129.41

107

$202,979.50

$845.75

$1,979.87

$1,134.12

108

$201,845.38

$841.02

$1,979.87

$1,138.84

109

$200,706.53

$836.28

$1,979.87

$1,143.59

110

$199,562.94

$831.51

$1,979.87

$1,148.35

111

$198,414.59

$826.73

$1,979.87

$1,153.14

112

$197,261.45

$821.92

$1,979.87

$1,157.94

113

$196,103.50

$817.10

$1,979.87

$1,162.77

114

$194,940.73

$812.25

$1,979.87

$1,167.61

115

$193,773.12

$807.39

$1,979.87

$1,172.48

116

$192,600.64

$802.50

$1,979.87

$1,177.36

117

$191,423.27

$797.60

$1,979.87

$1,182.27

118

$190,241.00

$792.67

$1,979.87

$1,187.20

119

$189,053.81

$787.72

$1,979.87

$1,192.14

120

$187,861.67

$782.76

$1,979.87

$1,197.11

121

$186,664.55

$777.77

$1,979.87

$1,202.10

122

$185,462.46

$772.76

$1,979.87

$1,207.11

123

$184,255.35

$767.73

$1,979.87

$1,212.14

124

$183,043.21

$762.68

$1,979.87

$1,217.19

125

$181,826.03

$757.61

$1,979.87

$1,222.26

126

$180,603.77

$752.52

$1,979.87

$1,227.35

127

$179,376.42

$747.40

$1,979.87

$1,232.47

128

$178,143.95

$742.27

$1,979.87

$1,237.60

129

$176,906.35

$737.11

$1,979.87

$1,242.76

130

$175,663.59

$731.93

$1,979.87

$1,247.94

131

$174,415.66

$726.73

$1,979.87

$1,253.14

132

$173,162.52

$721.51

$1,979.87

$1,258.36

133

$171,904.16

$716.27

$1,979.87

$1,263.60

134

$170,640.56

$711.00

$1,979.87

$1,268.86

135

$169,371.70

$705.72

$1,979.87

$1,274.15

136

$168,097.55

$700.41

$1,979.87

$1,279.46

137

$166,818.09

$695.08

$1,979.87

$1,284.79

138

$165,533.30

$689.72

$1,979.87

$1,290.15

139

$164,243.15

$684.35

$1,979.87

$1,295.52

140

$162,947.63

$678.95

$1,979.87

$1,300.92

141

$161,646.71

$673.53

$1,979.87

$1,306.34

142

$160,340.37

$668.08

$1,979.87

$1,311.78

143

$159,028.59

$662.62

$1,979.87

$1,317.25

144

$157,711.34

$657.13

$1,979.87

$1,322.74

145

$156,388.60

$651.62

$1,979.87

$1,328.25

146

$155,060.36

$646.08

$1,979.87

$1,333.78

147

$153,726.57

$640.53

$1,979.87

$1,339.34

148

$152,387.23

$634.95

$1,979.87

$1,344.92

149

$151,042.31

$629.34

$1,979.87

$1,350.52

150

$149,691.79

$623.72

$1,979.87

$1,356.15

151

$148,335.64

$618.07

$1,979.87

$1,361.80

152

$146,973.84

$612.39

$1,979.87

$1,367.48

153

$145,606.36

$606.69

$1,979.87

$1,373.17

154

$144,233.19

$600.97

$1,979.87

$1,378.90

155

$142,854.29

$595.23

$1,979.87

$1,384.64

156

$141,469.65

$589.46

$1,979.87

$1,390.41

157

$140,079.24

$583.66

$1,979.87

$1,396.20

158

$138,683.03

$577.85

$1,979.87

$1,402.02

159

$137,281.01

$572.00

$1,979.87

$1,407.86

160

$135,873.15

$566.14

$1,979.87

$1,413.73

161

$134,459.42

$560.25

$1,979.87

$1,419.62

162

$133,039.80

$554.33

$1,979.87

$1,425.53

163

$131,614.27

$548.39

$1,979.87

$1,431.47

164

$130,182.79

$542.43

$1,979.87

$1,437.44

165

$128,745.35

$536.44

$1,979.87

$1,443.43

166

$127,301.93

$530.42

$1,979.87

$1,449.44

167

$125,852.48

$524.39

$1,979.87

$1,455.48

168

$124,397.00

$518.32

$1,979.87

$1,461.55

169

$122,935.45

$512.23

$1,979.87

$1,467.64

170

$121,467.82

$506.12

$1,979.87

$1,473.75

171

$119,994.07

$499.98

$1,979.87

$1,479.89

172

$118,514.18

$493.81

$1,979.87

$1,486.06

173

$117,028.12

$487.62

$1,979.87

$1,492.25

174

$115,535.87

$481.40

$1,979.87

$1,498.47

175

$114,037.40

$475.16

$1,979.87

$1,504.71

176

$112,532.69

$468.89

$1,979.87

$1,510.98

177

$111,021.71

$462.59

$1,979.87

$1,517.28

178

$109,504.43

$456.27

$1,979.87

$1,523.60

179

$107,980.83

$449.92

$1,979.87

$1,529.95

180

$106,450.88

$443.55

$1,979.87

$1,536.32

181

$104,914.56

$437.14

$1,979.87

$1,542.72

182

$103,371.84

$430.72

$1,979.87

$1,549.15

183

$101,822.69

$424.26

$1,979.87

$1,555.61

184

$100,267.08

$417.78

$1,979.87

$1,562.09

185

$98,704.99

$411.27

$1,979.87

$1,568.60

186

$97,136.40

$404.73

$1,979.87

$1,575.13

187

$95,561.27

$398.17

$1,979.87

$1,581.70

188

$93,979.57

$391.58

$1,979.87

$1,588.29

189

$92,391.28

$384.96

$1,979.87

$1,594.90

190

$90,796.38

$378.32

$1,979.87

$1,601.55

191

$89,194.83

$371.65

$1,979.87

$1,608.22

192

$87,586.61

$364.94

$1,979.87

$1,614.92

193

$85,971.69

$358.22

$1,979.87

$1,621.65

194

$84,350.04

$351.46

$1,979.87

$1,628.41

195

$82,721.63

$344.67

$1,979.87

$1,635.19

196

$81,086.43

$337.86

$1,979.87

$1,642.01

197

$79,444.43

$331.02

$1,979.87

$1,648.85

198

$77,795.58

$324.15

$1,979.87

$1,655.72

199

$76,139.86

$317.25

$1,979.87

$1,662.62

200

$74,477.24

$310.32

$1,979.87

$1,669.55

201

$72,807.69

$303.37

$1,979.87

$1,676.50

202

$71,131.19

$296.38

$1,979.87

$1,683.49

203

$69,447.71

$289.37

$1,979.87

$1,690.50

204

$67,757.20

$282.32

$1,979.87

$1,697.55

205

$66,059.66

$275.25

$1,979.87

$1,704.62

206

$64,355.04

$268.15

$1,979.87

$1,711.72

207

$62,643.32

$261.01

$1,979.87

$1,718.85

208

$60,924.46

$253.85

$1,979.87

$1,726.02

209

$59,198.45

$246.66

$1,979.87

$1,733.21

210

$57,465.24

$239.44

$1,979.87

$1,740.43

211

$55,724.81

$232.19

$1,979.87

$1,747.68

212

$53,977.13

$224.90

$1,979.87

$1,754.96

213

$52,222.17

$217.59

$1,979.87

$1,762.27

214

$50,459.90

$210.25

$1,979.87

$1,769.62

215

$48,690.28

$202.88

$1,979.87

$1,776.99

216

$46,913.29

$195.47

$1,979.87

$1,784.40

217

$45,128.89

$188.04

$1,979.87

$1,791.83

218

$43,337.06

$180.57

$1,979.87

$1,799.30

219

$41,537.77

$173.07

$1,979.87

$1,806.79

220

$39,730.97

$165.55

$1,979.87

$1,814.32

221

$37,916.65

$157.99

$1,979.87

$1,821.88

222

$36,094.77

$150.39

$1,979.87

$1,829.47

223

$34,265.30

$142.77

$1,979.87

$1,837.10

224

$32,428.20

$135.12

$1,979.87

$1,844.75

225

$30,583.45

$127.43

$1,979.87

$1,852.44

226

$28,731.02

$119.71

$1,979.87

$1,860.15

227

$26,870.86

$111.96

$1,979.87

$1,867.91

228

$25,002.96

$104.18

$1,979.87

$1,875.69

229

$23,127.27

$96.36

$1,979.87

$1,883.50

230

$21,243.76

$88.52

$1,979.87

$1,891.35

231

$19,352.41

$80.64

$1,979.87

$1,899.23

232

$17,453.18

$72.72

$1,979.87

$1,907.15

233

$15,546.04

$64.78

$1,979.87

$1,915.09

234

$13,630.94

$56.80

$1,979.87

$1,923.07

235

$11,707.87

$48.78

$1,979.87

$1,931.08

236

$9,776.79

$40.74

$1,979.87

$1,939.13

237

$7,837.66

$32.66

$1,979.87

$1,947.21

238

$5,890.45

$24.54

$1,979.87

$1,955.32

239

$3,935.12

$16.40

$1,979.87

$1,963.47

240

$1,971.65

$8.22

$1,979.87

$1,971.65

241

$0.00

$0.00

$1,979.87

$1,979.87

242

-$1,979.87

-$8.25

$1,979.87

$1,988.12

243

-$3,967.98

-$16.53

$1,979.87

$1,996.40

244

-$5,964.38

-$24.85

$1,979.87

$2,004.72

245

-$7,969.10

-$33.20

$1,979.87

$2,013.07

246

-$9,982.17

-$41.59

$1,979.87

$2,021.46

247

-$12,003.63

-$50.02

$1,979.87

$2,029.88

248

-$14,033.52

-$58.47

$1,979.87

$2,038.34

249

-$16,071.86

-$66.97

$1,979.87

$2,046.83

250

-$18,118.69

-$75.49

$1,979.87

$2,055.36

251

-$20,174.05

-$84.06

$1,979.87

$2,063.93

252

-$22,237.98

-$92.66

$1,979.87

$2,072.53

253

-$24,310.50

-$101.29

$1,979.87

$2,081.16

254

-$26,391.66

-$109.97

$1,979.87

$2,089.83

255

-$28,481.50

-$118.67

$1,979.87

$2,098.54

256

-$30,580.04

-$127.42

$1,979.87

$2,107.28

257

-$32,687.32

-$136.20

$1,979.87

$2,116.06

258

-$34,803.39

-$145.01

$1,979.87

$2,124.88

259

-$36,928.27

-$153.87

$1,979.87

$2,133.73

260

-$39,062.00

-$162.76

$1,979.87

$2,142.63

261

-$41,204.63

-$171.69

$1,979.87

$2,151.55

262

-$43,356.18

-$180.65

$1,979.87

$2,160.52

263

-$45,516.70

-$189.65

$1,979.87

$2,169.52

264

-$47,686.22

-$198.69

$1,979.87

$2,178.56

265

-$49,864.78

-$207.77

$1,979.87

$2,187.64

266

-$52,052.42

-$216.89

$1,979.87

$2,196.75

267

-$54,249.17

-$226.04

$1,979.87

$2,205.91

268

-$56,455.07

-$235.23

$1,979.87

$2,215.10

269

-$58,670.17

-$244.46

$1,979.87

$2,224.33

270

-$60,894.50

-$253.73

$1,979.87

$2,233.59

271

-$63,128.09

-$263.03

$1,979.87

$2,242.90

272

-$65,370.99

-$272.38

$1,979.87

$2,252.25

273

-$67,623.24

-$281.76

$1,979.87

$2,261.63

274

-$69,884.87

-$291.19

$1,979.87

$2,271.05

275

-$72,155.92

-$300.65

$1,979.87

$2,280.52

276

-$74,436.44

-$310.15

$1,979.87

$2,290.02

277

-$76,726.46

-$319.69

$1,979.87

$2,299.56

278

-$79,026.02

-$329.28

$1,979.87

$2,309.14

279

-$81,335.16

-$338.90

$1,979.87

$2,318.76

280

-$83,653.93

-$348.56

$1,979.87

$2,328.43

281

-$85,982.35

-$358.26

$1,979.87

$2,338.13

282

-$88,320.48

-$368.00

$1,979.87

$2,347.87

283

-$90,668.35

-$377.78

$1,979.87

$2,357.65

284

-$93,026.00

-$387.61

$1,979.87

$2,367.48

285

-$95,393.47

-$397.47

$1,979.87

$2,377.34

286

-$97,770.81

-$407.38

$1,979.87

$2,387.25

287

-$100,158.06

-$417.33

$1,979.87

$2,397.19

288

-$102,555.25

-$427.31

$1,979.87

$2,407.18

289

-$104,962.43

-$437.34

$1,979.87

$2,417.21

290

-$107,379.64

-$447.42

$1,979.87

$2,427.28

291

-$109,806.93

-$457.53

$1,979.87

$2,437.40

292

-$112,244.32

-$467.68

$1,979.87

$2,447.55

293

-$114,691.87

-$477.88

$1,979.87

$2,457.75

294

-$117,149.62

-$488.12

$1,979.87

$2,467.99

295

-$119,617.62

-$498.41

$1,979.87

$2,478.27

296

-$122,095.89

-$508.73

$1,979.87

$2,488.60

297

-$124,584.49

-$519.10

$1,979.87

$2,498.97

298

-$127,083.46

-$529.51

$1,979.87

$2,509.38

299

-$129,592.84

-$539.97

$1,979.87

$2,519.84

300

-$132,112.68

-$550.47

$1,979.87

$2,530.34

301

-$134,643.01

-$561.01

$1,979.87

$2,540.88

302

-$137,183.89

-$571.60

$1,979.87

$2,551.47

303

-$139,735.36

-$582.23

$1,979.87

$2,562.10

304

-$142,297.46

-$592.91

$1,979.87

$2,572.77

305

-$144,870.23

-$603.63

$1,979.87

$2,583.49

306

-$147,453.72

-$614.39

$1,979.87

$2,594.26

307

-$150,047.98

-$625.20

$1,979.87

$2,605.07

308

-$152,653.05

-$636.05

$1,979.87

$2,615.92

309

-$155,268.97

-$646.95

$1,979.87

$2,626.82

310

-$157,895.79

-$657.90

$1,979.87

$2,637.77

311

-$160,533.56

-$668.89

$1,979.87

$2,648.76

312

-$163,182.32

-$679.93

$1,979.87

$2,659.79

313

-$165,842.11

-$691.01

$1,979.87

$2,670.88

314

-$168,512.99

-$702.14

$1,979.87

$2,682.00

315

-$171,194.99

-$713.31

$1,979.87

$2,693.18

316

-$173,888.17

-$724.53

$1,979.87

$2,704.40

317

-$176,592.57

-$735.80

$1,979.87

$2,715.67

318

-$179,308.24

-$747.12

$1,979.87

$2,726.98

319

-$182,035.23

-$758.48

$1,979.87

$2,738.35

320

-$184,773.57

-$769.89

$1,979.87

$2,749.76

321

-$187,523.33

-$781.35

$1,979.87

$2,761.21

322

-$190,284.54

-$792.85

$1,979.87

$2,772.72

323

-$193,057.26

-$804.41

$1,979.87

$2,784.27

324

-$195,841.54

-$816.01

$1,979.87

$2,795.87

325

-$198,637.41

-$827.66

$1,979.87

$2,807.52

326

-$201,444.93

-$839.35

$1,979.87

$2,819.22

327

-$204,264.15

-$851.10

$1,979.87

$2,830.97

328

-$207,095.12

-$862.90

$1,979.87

$2,842.76

329

-$209,937.89

-$874.74

$1,979.87

$2,854.61

330

-$212,792.49

-$886.64

$1,979.87

$2,866.50

331

-$215,659.00

-$898.58

$1,979.87

$2,878.45

332

-$218,537.44

-$910.57

$1,979.87

$2,890.44

333

-$221,427.88

-$922.62

$1,979.87

$2,902.48

334

-$224,330.37

-$934.71

$1,979.87

$2,914.58

335

-$227,244.94

-$946.85

$1,979.87

$2,926.72

336

-$230,171.66

-$959.05

$1,979.87

$2,938.92

337

-$233,110.58

-$971.29

$1,979.87

$2,951.16

338

-$236,061.74

-$983.59

$1,979.87

$2,963.46

339

-$239,025.20

-$995.94

$1,979.87

$2,975.81

340

-$242,001.01

-$1,008.34

$1,979.87

$2,988.20

341

-$244,989.21

-$1,020.79

$1,979.87

$3,000.66

342

-$247,989.87

-$1,033.29

$1,979.87

$3,013.16

343

-$251,003.02

-$1,045.85

$1,979.87

$3,025.71

344

-$254,028.74

-$1,058.45

$1,979.87

$3,038.32

345

-$257,067.06

-$1,071.11

$1,979.87

$3,050.98

346

-$260,118.04

-$1,083.83

$1,979.87

$3,063.69

347

-$263,181.73

-$1,096.59

$1,979.87

$3,076.46

348

-$266,258.19

-$1,109.41

$1,979.87

$3,089.28

349

-$269,347.46

-$1,122.28

$1,979.87

$3,102.15

350

-$272,449.61

-$1,135.21

$1,979.87

$3,115.07

351

-$275,564.69

-$1,148.19

$1,979.87

$3,128.05

352

-$278,692.74

-$1,161.22

$1,979.87

$3,141.09

353

-$281,833.83

-$1,174.31

$1,979.87

$3,154.17

354

-$284,988.00

-$1,187.45

$1,979.87

$3,167.32

355

-$288,155.32

-$1,200.65

$1,979.87

$3,180.51

356

-$291,335.83

-$1,213.90

$1,979.87

$3,193.77

357

-$294,529.60

-$1,227.21

$1,979.87

$3,207.07

358

-$297,736.67

-$1,240.57

$1,979.87

$3,220.44

359

-$300,957.11

-$1,253.99

$1,979.87

$3,233.86

360

-$304,190.96

-$1,267.46

$1,979.87

$3,247.33

LOANS
do the rest.

ROLL DOWN)
this deal
DEBT STILL OWNED
AT THE END OF
THE PERIOD
(6) = (2) - (5)

$299,270.13
$298,537.22
$297,801.26
$297,062.23
$296,320.13

$295,574.93
$294,826.62
$294,075.20
$293,320.64
$292,562.95
$291,802.09
$291,038.07
$290,270.86
$289,500.45
$288,726.84
$287,950.00
$287,169.92
$286,386.60
$285,600.01
$284,810.14
$284,016.98
$283,220.52
$282,420.74
$281,617.62
$280,811.16
$280,001.34
$279,188.15
$278,371.56
$277,551.58
$276,728.17
$275,901.34
$275,071.06
$274,237.33

$273,400.11
$272,559.41
$271,715.21
$270,867.49
$270,016.24
$269,161.44
$268,303.08
$267,441.14
$266,575.61
$265,706.47
$264,833.72
$263,957.32
$263,077.28
$262,193.57
$261,306.17
$260,415.08
$259,520.28
$258,621.74
$257,719.47
$256,813.43
$255,903.62
$254,990.02
$254,072.61
$253,151.38
$252,226.31
$251,297.38
$250,364.59
$249,427.91

$248,487.32
$247,542.82
$246,594.38
$245,641.99
$244,685.63
$243,725.29
$242,760.94
$241,792.58
$240,820.18
$239,843.73
$238,863.21
$237,878.61
$236,889.90
$235,897.08
$234,900.11
$233,899.00
$232,893.71
$231,884.23
$230,870.55
$229,852.64
$228,830.50
$227,804.09
$226,773.41
$225,738.43
$224,699.14
$223,655.52
$222,607.55
$221,555.21

$220,498.49
$219,437.37
$218,371.82
$217,301.84
$216,227.39
$215,148.48
$214,065.06
$212,977.13
$211,884.67
$210,787.65
$209,686.07
$208,579.89
$207,469.11
$206,353.70
$205,233.64
$204,108.91
$202,979.50
$201,845.38
$200,706.53
$199,562.94
$198,414.59
$197,261.45
$196,103.50
$194,940.73
$193,773.12
$192,600.64
$191,423.27
$190,241.00

$189,053.81
$187,861.67
$186,664.55
$185,462.46
$184,255.35
$183,043.21
$181,826.03
$180,603.77
$179,376.42
$178,143.95
$176,906.35
$175,663.59
$174,415.66
$173,162.52
$171,904.16
$170,640.56
$169,371.70
$168,097.55
$166,818.09
$165,533.30
$164,243.15
$162,947.63
$161,646.71
$160,340.37
$159,028.59
$157,711.34
$156,388.60
$155,060.36

$153,726.57
$152,387.23
$151,042.31
$149,691.79
$148,335.64
$146,973.84
$145,606.36
$144,233.19
$142,854.29
$141,469.65
$140,079.24
$138,683.03
$137,281.01
$135,873.15
$134,459.42
$133,039.80
$131,614.27
$130,182.79
$128,745.35
$127,301.93
$125,852.48
$124,397.00
$122,935.45
$121,467.82
$119,994.07
$118,514.18
$117,028.12
$115,535.87

$114,037.40
$112,532.69
$111,021.71
$109,504.43
$107,980.83
$106,450.88
$104,914.56
$103,371.84
$101,822.69
$100,267.08
$98,704.99
$97,136.40
$95,561.27
$93,979.57
$92,391.28
$90,796.38
$89,194.83
$87,586.61
$85,971.69
$84,350.04
$82,721.63
$81,086.43
$79,444.43
$77,795.58
$76,139.86
$74,477.24
$72,807.69
$71,131.19

$69,447.71
$67,757.20
$66,059.66
$64,355.04
$62,643.32
$60,924.46
$59,198.45
$57,465.24
$55,724.81
$53,977.13
$52,222.17
$50,459.90
$48,690.28
$46,913.29
$45,128.89
$43,337.06
$41,537.77
$39,730.97
$37,916.65
$36,094.77
$34,265.30
$32,428.20
$30,583.45
$28,731.02
$26,870.86
$25,002.96
$23,127.27
$21,243.76

$19,352.41
$17,453.18
$15,546.04
$13,630.94
$11,707.87
$9,776.79
$7,837.66
$5,890.45
$3,935.12
$1,971.65

$0.00
-$1,979.87
-$3,967.98
-$5,964.38
-$7,969.10
-$9,982.17
-$12,003.63
-$14,033.52
-$16,071.86
-$18,118.69
-$20,174.05
-$22,237.98
-$24,310.50
-$26,391.66
-$28,481.50
-$30,580.04
-$32,687.32

-$34,803.39
-$36,928.27
-$39,062.00
-$41,204.63
-$43,356.18
-$45,516.70
-$47,686.22
-$49,864.78
-$52,052.42
-$54,249.17
-$56,455.07
-$58,670.17
-$60,894.50
-$63,128.09
-$65,370.99
-$67,623.24
-$69,884.87
-$72,155.92
-$74,436.44
-$76,726.46
-$79,026.02
-$81,335.16
-$83,653.93
-$85,982.35
-$88,320.48
-$90,668.35
-$93,026.00
-$95,393.47

-$97,770.81
-$100,158.06
-$102,555.25
-$104,962.43
-$107,379.64
-$109,806.93
-$112,244.32
-$114,691.87
-$117,149.62
-$119,617.62
-$122,095.89
-$124,584.49
-$127,083.46
-$129,592.84
-$132,112.68
-$134,643.01
-$137,183.89
-$139,735.36
-$142,297.46
-$144,870.23
-$147,453.72
-$150,047.98
-$152,653.05
-$155,268.97
-$157,895.79
-$160,533.56
-$163,182.32
-$165,842.11

-$168,512.99
-$171,194.99
-$173,888.17
-$176,592.57
-$179,308.24
-$182,035.23
-$184,773.57
-$187,523.33
-$190,284.54
-$193,057.26
-$195,841.54
-$198,637.41
-$201,444.93
-$204,264.15
-$207,095.12
-$209,937.89
-$212,792.49
-$215,659.00
-$218,537.44
-$221,427.88
-$224,330.37
-$227,244.94
-$230,171.66
-$233,110.58
-$236,061.74
-$239,025.20
-$242,001.01
-$244,989.21

-$247,989.87
-$251,003.02
-$254,028.74
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