Payments

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Scenario 1

$50,000 $2,000,000

0.01% 15%

1 35

$931.17
$11,173.98
$170,453.76

Scenario 2

$50,000 $2,000,000

0.01% 15%

1 35

$895.93
$10,751.19
$169,275.87

Scenario Table 1

Period Total paid Interest Principal Balance
Year 1 $5,594.36 $5,579.62 $194,420.38
Year 2 $5,434.21 $5,739.77 $188,680.61
Year 3 $5,269.46 $5,904.52 $182,776.09
Year 4 $5,099.98 $6,074.00 $176,702.10
Year 5 $4,925.64 $6,248.34 $170,453.76

Scenario Table 2

Period Total paid Interest Principal Balance
Year 1 $4,907.85 $5,843.34 $194,156.66
Year 2 $4,760.85 $5,990.34 $188,166.32
Year 3 $4,610.15 $6,141.04 $182,025.28
Year 4 $4,455.67 $6,295.52 $175,729.76
Year 5 $4,297.30 $6,453.89 $169,275.87

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