P 1.

5M LOAN FOR 2 YEARS @ 6%

100%
Gross (Cash) Price 1,500,000
Annual Interest Rate 6.0%
Term (in months) 24
Financing Cost (Interest) 95,544
Financed Price 1,595,544
100%

Amortization Interest Principal Installment

Installment #
Balance
1,595,542 95,542 1,500,000

1,500,000
1 66,481 7,500 58,981 1,441,019
2 66,481 7,205 59,276 1,381,743
3 66,481 6,909 59,572 1,322,171
4 66,481 6,611 59,870 1,262,301
5 66,481 6,312 60,169 1,202,132
6 66,481 6,011 60,470 1,141,661
7 66,481 5,708 60,773 1,080,889
8 66,481 5,404 61,076 1,019,812
9 66,481 5,099 61,382 958,430
10 66,481 4,792 61,689 896,742
11 66,481 4,484 61,997 834,744
12 66,481 4,174 62,307 772,437
13 66,481 3,862 62,619 709,819
14 66,481 3,549 62,932 646,887
15 66,481 3,234 63,246 583,640
16 66,481 2,918 63,563 520,077
17 66,481 2,600 63,881 456,197
18 66,481 2,281 64,200 391,997
19 66,481 1,960 64,521 327,476
20 66,481 1,637 64,844 262,633
21 66,481 1,313 65,168 197,465
22 66,481 987 65,494 131,971
23 66,481 660 65,821 66,150
24 66,481 331 66,150 -