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OPTION 2: "LADDERIZED" AMORTIZATION WITH TERM EXTENSION

A. AMORTIZATION SCHEDULE

PRINCIPAL 505,645.01 INT RATE 17.89%


TERM 60 SHOULD BE AMORTIZATION 12,809.82
DUE DATE -
ACCRUED MOTOR
MONTHS PRINCIPAL INTEREST TOTAL INTEREST INSURANCE TOTAL BALANCE
1ST YEAR 505,645.01
1 - 3,999.79 7,538.32 11,538.11 - 11,538.11 501,645.22
2 4,059.42 7,478.69 11,538.11 - 11,538.11 497,585.81
3 4,119.93 7,418.18 11,538.11 - 11,538.11 493,465.87
4 4,181.36 7,356.75 11,538.11 - 11,538.11 489,284.52
5 4,243.69 7,294.42 11,538.11 - 11,538.11 485,040.82
6 4,306.96 7,231.15 11,538.11 - 11,538.11 480,733.86
7 4,371.17 7,166.94 11,538.11 - 11,538.11 476,362.70
8 4,436.34 7,101.77 11,538.11 - 11,538.11 471,926.36
9 4,502.47 7,035.64 11,538.11 - 11,538.11 467,423.88
10 4,569.60 6,968.51 11,538.11 - 11,538.11 462,854.29
11 4,637.72 6,900.39 11,538.11 - 11,538.11 458,216.56
12 4,706.86 6,831.25 11,538.11 - 11,538.11 453,509.70

2ND YEAR
TERM 48 SHOULD BE AMORTIZATION 13,295.79
453,509.70
13 4,777.04 6,761.07 11,538.11 11,538.11 448,732.66
14 4,848.25 6,689.86 11,538.11 11,538.11 443,884.41
15 4,920.53 6,617.58 11,538.11 11,538.11 438,963.87
16 4,993.89 6,544.22 11,538.11 11,538.11 433,969.98
17 5,068.34 6,469.77 11,538.11 11,538.11 428,901.64
18 5,143.90 6,394.21 11,538.11 11,538.11 423,757.74
19 5,220.59 6,317.52 11,538.11 11,538.11 418,537.15
20 5,298.42 6,239.69 11,538.11 11,538.11 413,238.73
21 5,377.41 6,160.70 11,538.11 11,538.11 407,861.32
22 5,457.58 6,080.53 11,538.11 11,538.11 402,403.75
23 5,538.94 5,999.17 11,538.11 11,538.11 396,864.81
24 5,621.52 5,916.59 11,538.11 11,538.11 391,243.29

3RD YEAR ONWARDS (REGULAR AMORTIZATIONS)


TERM 36 SHOULD BE AMORTIZATION 14,122.80
391,243.29
25 8,290.02 5,832.79 14,122.80 14,122.80 382,953.27
26 8,413.61 5,709.20 14,122.80 14,122.80 374,539.67
27 8,539.04 5,583.76 14,122.80 14,122.80 366,000.63
28 8,666.34 5,456.46 14,122.80 14,122.80 357,334.28
29 8,795.54 5,327.26 14,122.80 14,122.80 348,538.74
30 8,926.67 5,196.13 14,122.80 14,122.80 339,612.07
31 9,059.75 5,063.05 14,122.80 14,122.80 330,552.32
32 9,194.82 4,927.98 14,122.80 14,122.80 321,357.50
33 9,331.90 4,790.90 14,122.80 14,122.80 312,025.60
34 9,471.02 4,651.78 14,122.80 14,122.80 302,554.58
35 9,612.22 4,510.58 14,122.80 14,122.80 292,942.36
36 9,755.52 4,367.28 14,122.80 14,122.80 283,186.84
37 9,900.96 4,221.84 14,122.80 14,122.80 273,285.88
38 10,048.57 4,074.24 14,122.80 14,122.80 263,237.32
39 10,198.37 3,924.43 14,122.80 14,122.80 253,038.95
40 10,350.41 3,772.39 14,122.80 14,122.80 242,688.53
41 10,504.72 3,618.08 14,122.80 14,122.80 232,183.81
42 10,661.33 3,461.47 14,122.80 14,122.80 221,522.48
43 10,820.27 3,302.53 14,122.80 14,122.80 210,702.21
44 10,981.58 3,141.22 14,122.80 14,122.80 199,720.63
45 11,145.30 2,977.50 14,122.80 14,122.80 188,575.33
46 11,311.46 2,811.34 14,122.80 14,122.80 177,263.87
47 11,480.09 2,642.71 14,122.80 14,122.80 165,783.78
48 11,651.24 2,471.56 14,122.80 14,122.80 154,132.54
49 11,824.94 2,297.86 14,122.80 14,122.80 142,307.59
50 12,001.23 2,121.57 14,122.80 14,122.80 130,306.36
51 12,180.15 1,942.65 14,122.80 14,122.80 118,126.21
52 12,361.74 1,761.06 14,122.80 14,122.80 105,764.47
53 12,546.03 1,576.77 14,122.80 14,122.80 93,218.44
54 12,733.07 1,389.73 14,122.80 14,122.80 80,485.37
55 12,922.90 1,199.90 14,122.80 14,122.80 67,562.47
56 13,115.56 1,007.24 14,122.80 14,122.80 54,446.91
57 13,311.09 811.71 14,122.80 14,122.80 41,135.82
58 13,509.54 613.27 14,122.80 14,122.80 27,626.29
59 13,710.94 411.86 14,122.80 14,122.80 13,915.35
60 13,915.35 207.45 14,122.80 14,122.80 (0.00)

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