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

$909.94
$10,919.24
$169,750.68

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 $5,182.48 $5,736.75 $194,263.25
Year 2 $5,030.03 $5,889.20 $188,374.04
Year 3 $4,873.53 $6,045.70 $182,328.34
Year 4 $4,712.87 $6,206.36 $176,121.98
Year 5 $4,547.94 $6,371.29 $169,750.68

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