Payments

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Scenario 1

$50,000 $2,000,000

0.01% 15%

1 35

$1,112.51
$13,350.14
$186,101.87

Scenario 2

$50,000 $2,000,000

0.01% 15%

1 35

$935.24
$11,222.87
$182,860.45

Scenario Table 1

Period Total paid Interest Principal Balance
Year 1 $8,924.23 $4,425.92 $195,574.08
Year 2 $8,720.56 $4,629.59 $190,944.50
Year 3 $8,507.51 $4,842.63 $186,101.87

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

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