Payments

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Scenario 1

$50,000 $2,000,000

0.01% 15%

1 35

$1,184.94
$14,219.24
$182,503.00

Scenario 2

$50,000 $2,000,000

0.01% 15%

1 35

$945.47
$11,345.58
$177,083.37

Scenario Table 1

Period Total paid Interest Principal Balance
Year 1 $10,175.22 $4,044.01 $195,955.99
Year 2 $9,962.61 $4,256.62 $191,699.36
Year 3 $9,738.83 $4,480.41 $187,218.96
Year 4 $9,503.28 $4,715.96 $182,503.00

Scenario Table 2

Period Total paid Interest Principal Balance
Year 1 $5,868.90 $5,476.69 $194,523.31
Year 2 $5,703.92 $5,641.66 $188,881.65
Year 3 $5,533.97 $5,811.61 $183,070.04
Year 4 $5,358.91 $5,986.67 $177,083.37

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