Payments

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Scenario 1

$50,000 $2,000,000

0.01% 15%

1 35

$1,057.47
$12,689.62
$174,259.15

Scenario 2

$50,000 $2,000,000

0.01% 15%

1 35

$894.94
$10,739.24
$169,241.77

Scenario Table 1

Period Total paid Interest Principal Balance
Year 1 $7,945.80 $4,743.82 $195,256.18
Year 2 $7,751.73 $4,937.89 $190,318.28
Year 3 $7,549.72 $5,139.90 $185,178.38
Year 4 $7,339.45 $5,350.18 $179,828.21
Year 5 $7,120.57 $5,569.05 $174,259.15

Scenario Table 2

Period Total paid Interest Principal Balance
Year 1 $4,888.23 $5,851.01 $194,148.99
Year 2 $4,741.63 $5,997.61 $188,151.37
Year 3 $4,591.36 $6,147.88 $182,003.49
Year 4 $4,437.32 $6,301.92 $175,701.58
Year 5 $4,279.43 $6,459.81 $169,241.77

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