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

$935.24
$11,222.87
$170,586.43

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 $5,672.81 $5,550.06 $194,449.94
Year 2 $5,511.25 $5,711.62 $188,738.32
Year 3 $5,344.99 $5,877.87 $182,860.45
Year 4 $5,173.89 $6,048.97 $176,811.48
Year 5 $4,997.82 $6,225.05 $170,586.43

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