 |
 |
| Exhibit 1 |
|
Before |
|
|
Loan Program |
Loan Amt |
Int. Rate |
Monthly Payment |
Option Arm |
$1,920,000 |
8.250% |
$14,425 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
(1% 1 yr)(3% 2nd yr)(5% lifetime) |
($1,685 1st yr)($5,057 2nd yr) |
|
|
($8,428.92 lifetime) |
|
|
|
| Annual Savings |
| ($153,780 1st yr)($113,331 2nd yr)($72,852per yr over lifetime of loan) |
|
| Exhibit 2 |
|
Before |
|
|
Loan Program |
Loan Amt |
Int. Rate |
Monthly Payment |
5 Yr Fix |
$458,331 |
6.750% |
$2,972 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
(3% 1st yr)(3.958% 2nd yr) |
($1,828.11 1st yr)($2,096.24 2nd) |
|
(4.917% lifetime) |
($2,379.34 lifetime) |
|
|
|
| Annual Savings |
| ($13,704 1st yr)($10,509 2nd)($7,111 per yr over lifetime of loan) |
|
|
