 |
 |
| Exhibit 5 |
|
Before |
|
|
Loan Program |
Loan Amt |
Int. Rate |
Monthly Payment |
Option Arm |
$339,000 |
7.625% |
$2,399 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
2.00% |
$1,253 |
|
|
|
| Annual Savings |
| ($13,752 per yr over lifetime of loan) |
|
| Exhibit 6 |
|
Before |
|
|
Loan Program |
Loan Amt |
Int. Rate |
Monthly Payment |
Option Arm |
$240,000 |
7.800% |
$1,729 |
|
| Settlement |
|
After |
|
|
Loan Program |
Int. Rate |
Monthly Payment |
Fix |
2.5% with annual increase of 1 |
($1,021 1st yr)($1,156.38 2nd yr) |
|
every yr until 2011 where rate is |
($1,369.87 3rd yr)($1,575 lifetime) |
|
cap at 6.375% |
|
|
|
|
| Annual Savings |
| (1st yr $8,496) (2nd yr $6,871) (3rd yr $4,309) ($1,840per yr over lifetime of loan) |
|
|
