APPENDIX

Monthly Payment Schedules

THE FOLLOWING SCHEDULE shows monthly payments per thousand dollars financed. To calculate your monthly payment:

1. 1.Find your interest rate in the first column.
2. 2.Move across to the appropriate column for your term.
3. 3.Multiply that number by the number of thousand dollars financed.

EXAMPLE

If you are borrowing $150,000 at 6.50 percent interest for a 30-year term:

$6.32 X 150 (thousands) = $948.00 principal and interest payment

Thus, your monthly payment for both principal and interest is $948.