Secondary Loan

Amount

$500K USD

APR

6%

Term

2 years

Payments

$22,160 USD

Interests

$31,847 USD

|

Monthly Schedule

Month

Interest

Principal

1

$2,500.00

$19,660.31

Ending Balance

$480,339.69

2

$2,401.70

$19,758.61

$460,581.09

3

$2,302.91

$19,857.40

$440,723.69

4

$2,203.62

$19,956.69

$420,767.00

5

$2,103.84

$20,056.47

$400,710.53

6

$2,003.55

$20,156.75

$380,553.78

7

$1,902.77

$20,257.54

$360,296.24

8

$1,801.48

$20,358.82

$339,937.42

9

$1,699.69

$20,460.62

$319,476.80

10

$1,597.38

$20,562.92

$298,913.88

11

$1,494.57

$20,665.74

$278,248.14

12

$1,391.24

$20,769.06

$257,479.08

End of year 1

13

$1,287.40

$20,872.91

$236,606.17

14

$1,183.03

$20,977.27

$215,628.90

15

$1,078.14

$21,082.16

$194,546.74

16

$972.73

$21,187.57

$173,359.16

17

$866.80

$21,293.51

$152,065.65

18

$760.33

$21,399.98

$130,665.68

19

$653.33

$21,506.98

$109,158.70

20

$545.79

$21,614.51

$87,544.19

21

$437.72

$21,722.58

$65,821.61

22

$329.11

$21,831.20

$43,990.41

23

$219.95

$21,940.35

$22,050.05

24

$110.25

$22,050.05

$0.00

End of year 2