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

$1,095.85
$13,150.25
$175,300.81

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 $8,630.79 $4,519.46 $195,480.54
Year 2 $8,429.75 $4,720.51 $190,760.03
Year 3 $8,219.76 $4,930.49 $185,829.54
Year 4 $8,000.43 $5,149.82 $180,679.72
Year 5 $7,771.35 $5,378.91 $175,300.81

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