Pick-A-Payment Loan Worksheet
Date: Borrower Name(s): Loan Amount: Approx. Property Value: Loan-To-Value: Interest Rate 1/20/2007 John and Mary Smith $500,000 $900,000 55.56%
2.650%
MARGIN
+
4.933%
INDEX
=
7.583%
Fully Indexed Rate
Minimum Payment Rate:
1.00% $1,608.20 $3,159.58 $3,524.53 $4,658.68
Compliments of:
Payment Options other than minimum payment are determined monthly according to that month's fully indexed rate, which will change. Please consult your Regulation Z. This is not an offer to lend. Equal Housing Lender. For Illustration purposes only.
Payment Options
30 Year Fixed 1st Year
Minimum Payment Option:
(Ln Amt. Amortized over 30 yrs using Min. Payments)
Interest Only Payment Option:
(Loan Amt X Fully Indexed Rate / 12)
30 Yr Principal & Interest Option:
(Ln Amt Amortized Over 30 Yrs at Fully Indexed Rate)
Accelerated 15 Yr Payment Option:
(Ln Amt Amortized Over 15 Yrs at Fully Indexed Rate)
30 Year Fixed Rate: 30 Year Fixed Monthly Payment:
Min. Payment Cash Flow
6.875% $3,284.64
Annual Cash Flow x 12
$1,608.20 $1,728.81
$1,676.45
$20,117.36 $18,669.98 $17,114.05 $15,441.42 $13,643.35
Guaranteed 5 Year Minimum Payment Plan
2nd Year 3rd Year 4th Year 5th Year
$1,555.83
x 12
$1,858.47
$1,426.17
x 12
$1,997.86
$1,286.79
x 12
$2,147.70
$1,136.95
x 12
What Could You Accomplish With This Money? -->
$84,986.16
Office: Fax:
Philip Chen 0
0 0
Pick-A-Payment Loan Worksheet
Date: Borrower Name(s): Loan Amount: Approx. Property Value: Loan-To-Value: Interest Rate
+
MARGIN INDEX
=
Fully Indexed Rate
Minimum Payment Rate:
Compliments of:
Payment Options other than minimum payment are determined monthly according to that month's fully indexed rate, which will change. Please consult your Regulation Z. This is not an offer to lend. Equal Housing Lender. For Illustration purposes only.
Payment Options
30 Year Fixed 1st Year
Minimum Payment Option:
(Ln Amt. Amortized over 30 yrs using Min. Payments)
Interest Only Payment Option:
(Loan Amt X Fully Indexed Rate / 12)
30 Yr Principal & Interest Option:
(Ln Amt Amortized Over 30 Yrs at Fully Indexed Rate)
Accelerated 15 Yr Payment Option:
(Ln Amt Amortized Over 15 Yrs at Fully Indexed Rate)
30 Year Fixed Rate: 30 Year Fixed Monthly Payment:
Min. Payment Cash Flow Savings x 12
Annual Cash Savings
Guaranteed 5 Year Minimum Payment Plan
2nd Year
x 12
3rd Year
x 12
4th Year
x 12
5th Year
x 12
What Could You Accomplish With This Money? -->
Office: Fax: