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Property Analysis Report
1/13/2016Scott AndersPresented by:
Any City, USAAddress Withheld
for
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Property Address: Address WithheldAny City, USA
Market value: $54,000 Number of Units: 1Purchase Price: $35,000 Average monthly rent: $625
First year improvements: $8,000 HOA Fees: $0
Loan to value: 80.0% First payment date: 03/01/2016Interest rate: 4.875% Down payment: $7,000Term (yrs.): 30
Annual property tax: $352 Property management: 10.0%Annual insurance: $368 Repairs and maintenance: 10.0%First year vacancy: 8.0% Advertising: $0
Future years vacancy: 8.0% Additional expenses: $600
Annual inflation: 2.0% Annual market appreciation: 1.0%Annual rent increases: 1.0%
Depreciation rate: 80.0% Your tax bracket: 15.0%Depreciation term (yrs): 27.5 Long-term capital gains tax rate: 15.0%
Depreciation recapture rate: 25.0%
Buying costs: 8.0% Selling costs: 8.0%
Approximate Buying and Selling Costs
Tax Information
Market Factors
Operating Costs
Loan Terms
Property Information
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025INCOME
Scheduled gross income $6,250 $7,969 $7,970 $7,970 $7,971 $7,972 $7,973 $7,974 $7,974 $7,975Vacancy costs ($500) ($638) ($638) ($638) ($638) ($638) ($638) ($638) ($638) ($638)
Gross operating income $5,750 $7,331 $7,332 $7,333 $7,333 $7,334 $7,335 $7,336 $7,336 $7,337
EXPENSESInsurance ($307) ($375) ($383) ($391) ($398) ($406) ($414) ($423) ($431) ($440)Property tax ($293) ($359) ($366) ($374) ($381) ($389) ($396) ($404) ($412) ($421)Repairs/maintenance ($575) ($733) ($733) ($733) ($733) ($733) ($733) ($734) ($734) ($734)Property management ($575) ($733) ($733) ($733) ($733) ($733) ($733) ($734) ($734) ($734)HOA fees $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Advertising $0 $0 $0 $0 $0 $0 $0 $0 $0 $0Additional expenses ($500) ($612) ($624) ($637) ($649) ($662) ($676) ($689) ($703) ($717)
Total expenses ($2,250) ($2,813) ($2,840) ($2,867) ($2,896) ($2,924) ($2,954) ($2,983) ($3,014) ($3,045)
NET OPERATING INCOME $3,500 $4,519 $4,492 $4,465 $4,438 $4,410 $4,381 $4,352 $4,323 $4,292
NET OPERATING INCOME
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
$3,500
$4,519 $4,492 $4,465 $4,438 $4,410 $4,381 $4,352 $4,323 $4,292
Net Operating Income (NOI)
Net Operating Income: A calculation used to analyze real estate investments that generate income. Net operating income equals all revenue from the property minus all reasonably necessary operating expenses. Aside from rent, a property might also generate revenue from parking and service fees, like vending and laundry machines. Operating expenses are those required to run and maintain the building and its grounds, such as insurance, property management fees, utilities, property taxes, repairs and janitorial fees. NOI is a before-tax figure; it also excludes principal and interest payments on loans, capital expenditures, depreciation and amortization. - Ivestopedia.com
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Net Operating Income $3,500 $4,519 $4,492 $4,465 $4,438 $4,410 $4,381 $4,352 $4,323 $4,292
Loan P&I ($1,334) ($1,778) ($1,778) ($1,778) ($1,778) ($1,778) ($1,778) ($1,778) ($1,778) ($1,778)Capital improvements ($8,000)
CASH FLOW (BEFORE TAX) ($5,834) $2,740 $2,714 $2,687 $2,660 $2,632 $2,603 $2,574 $2,544 $2,514
CASH FLOW (BEFORE TAX)
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
($5,834)
$2,740 $2,714 $2,687 $2,660 $2,632 $2,603 $2,574 $2,544 $2,514
Cash Flow (before tax)
Cash Flow = NOI - (Loan P&I + Improvements)
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Net Operating Income $3,500 $4,519 $4,492 $4,465 $4,438 $4,410 $4,381 $4,352 $4,323 $4,292
Interest Paid ($1,131) ($1,338) ($1,316) ($1,293) ($1,269) ($1,244) ($1,217) ($1,189) ($1,160) ($1,129)Depreciation, Real Property (IRS Pub 527) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018) ($1,018)Depreciation, Capital Improvements (IRS Pub 946) ($291) ($291) ($291) ($291) ($291) ($291) ($291) ($291) ($291) ($291)Expenses (IRS Pub 535) ($2,250) ($2,813) ($2,840) ($2,867) ($2,896) ($2,924) ($2,954) ($2,983) ($3,014) ($3,045)
Taxable Income ($1,190) ($941) ($973) ($1,004) ($1,036) ($1,067) ($1,098) ($1,129) ($1,160) ($1,191)
TAX BENEFIT ($179) ($141) ($146) ($151) ($155) ($160) ($165) ($169) ($174) ($179)
TAX BENEFIT
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
($179)
($141)($146)
($151)($155)
($160)($165)
($169) ($174) ($179)
Tax Benefit
Tax Benefit: The tax benefits in this chart are limited to loan interest paid, real property depreciation, and depreciation of capital improvements, and expenses. Don't forget that you may realize other tax benefits, such as mileage and other expenses, Further, capital gains from appreciation of the property are deferred until the property is sold. A cash-out refinance mortgage can net you a large sum of untaxed funds. And remember, you can write-off the interest on refinances and second mortgages.
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Beginning Balance $28,000 $27,649 $27,209 $26,747 $26,262 $25,753 $25,219 $24,658 $24,068 $23,450Ending Balance ($27,649) ($27,209) ($26,747) ($26,262) ($25,753) ($25,219) ($24,658) ($24,068) ($23,450) ($22,801)
TOTAL PRINCIPAL REDUCTION $351 $440 $462 $485 $509 $535 $561 $589 $619 $649
PRINCIPAL REDUCTION
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
$351
$440 $462
$485 $509
$535 $561
$589 $619
$649
Principal Reduction
Principal Reduction = Beginning loan balance - Principal payments
As a landlord, having your tenants pay your mortgage is a great example of using other people's money.
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Market Value $54,450 $54,995 $55,544 $56,100 $56,661 $57,227 $57,800 $58,378 $58,962 $59,551Original Purchase Price ($35,000) ($35,000) ($35,000) ($35,000) ($35,000) ($35,000) ($35,000) ($35,000) ($35,000) ($35,000)
APPRECIATION $19,450 $19,995 $20,544 $21,100 $21,661 $22,227 $22,800 $23,378 $23,962 $24,551
APPRECIATION
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
$19,450 $19,995 $20,544 $21,100 $21,661 $22,227 $22,800 $23,378 $23,962 $24,551
Appreciation
Appreciation: An increase in the value of an asset over time. The increase can occur for a number of reasons including increased demand or weakening supply, or as a result of changes in inflation or interest rates. - Investopedia
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Cash Flow (before tax) ($5,834) $2,740 $2,714 $2,687 $2,660 $2,632 $2,603 $2,574 $2,544 $2,514Tax Benefit ($179) ($141) ($146) ($151) ($155) ($160) ($165) ($169) ($174) ($179)Principal Reduction $351 $440 $462 $485 $509 $535 $561 $589 $619 $649Appreciation $19,450 $545 $550 $555 $561 $567 $572 $578 $584 $590
TOTAL GAINS $13,789 $3,584 $3,580 $3,577 $3,575 $3,573 $3,572 $3,572 $3,573 $3,574
Down Payment $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 $7,000 $7,000Initial Improvements $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000
TOTAL INITIAL CAPITAL $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000 $15,000
% CASH ON CASH RETURN -32.4% 18.3% 18.1% 17.9% 17.7% 17.5% 17.4% 17.2% 17.0% 16.8%% RETURN ON INVESTMENT 75.6% 21.9% 21.8% 21.6% 21.5% 21.3% 21.2% 21.0% 20.9% 20.7%%THROW-OFF 76.6% 23.9% 23.9% 23.8% 23.8% 23.8% 23.8% 23.8% 23.8% 23.8%
RETURN ON INITIAL CAPITAL
-40.0%
-20.0%
0.0%
20.0%
40.0%
60.0%
80.0%
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Return On Initial Capital
% Cash On Cash Return % Return On Investment % Throw-off
Return On Initial Capital:% Cash-on-cash = Cash Flow / Investment% Return on Investment = (Cash Flow + Appreciation) / Investment% Throw-off = (Cash Flow + Appr + Tax Benefit + Princ Reduction) / Investment
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Total Gains $13,789 $3,584 $3,580 $3,577 $3,575 $3,573 $3,572 $3,572 $3,573 $3,574
Market Value $54,450 $54,995 $55,544 $56,100 $56,661 $57,227 $57,800 $58,378 $58,962 $59,551Start of Year Balance ($28,000) ($27,649) ($27,209) ($26,747) ($26,262) ($25,753) ($25,219) ($24,658) ($24,068) ($23,450)
Total Equity $26,450 $27,345 $28,335 $29,353 $30,398 $31,474 $32,581 $33,720 $34,893 $36,101
RETURN ON EQUITY 52.1% 13.1% 12.6% 12.2% 11.8% 11.4% 11.0% 10.6% 10.2% 9.9%
RETURN ON EQUITY
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
52.1%
13.1% 12.6% 12.2% 11.8% 11.4% 11.0% 10.6% 10.2% 9.9%
% Return On Equity
Return On Equity = Total Gains / Total EquityOver time, your rate of return can be measured in terms of return on equity. As your equity grows, your rate of return gets smaller. Rather than leaving the equity in the property, consider using it for a down payment on another property that can earn you a higher rate of return? And by moving the equity via an exchange, you won't be taxed.
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2016 2017 2018 2019 2020 2021 2022 2023 2024 2025Original Cost $37,800 $37,800 $37,800 $37,800 $37,800 $37,800 $37,800 $37,800 $37,800 $37,800
Capital Improvements $8,000 $000 $000 $000 $000 $000 $000 $000 $000 $000Selling Costs $4,356 $4,400 $4,444 $4,488 $4,533 $4,578 $4,624 $4,670 $4,717 $4,764Accumulated Depreciation ($1,309) ($2,618) ($3,927) ($5,236) ($6,545) ($7,855) ($9,164) ($10,473) ($11,782) ($13,091)
ADJUSTED COST $48,847 $39,581 $38,316 $37,052 $35,787 $34,524 $33,260 $31,997 $30,735 $29,473
Sale Price $54,450 $54,995 $55,544 $56,100 $56,661 $57,227 $57,800 $58,378 $58,962 $59,551Adjusted Cost ($48,847) ($39,581) ($38,316) ($37,052) ($35,787) ($34,524) ($33,260) ($31,997) ($30,735) ($29,473)
CAPITAL GAIN $5,603 $15,413 $17,228 $19,048 $20,873 $22,704 $24,539 $26,380 $28,226 $30,078
CAPITAL GAIN TAX $971 $2,574 $2,977 $3,381 $3,786 $4,191 $4,597 $5,004 $5,412 $5,821
Sale Price $54,450 $54,995 $55,544 $56,100 $56,661 $57,227 $57,800 $58,378 $58,962 $59,551Selling Costs ($4,356) ($4,400) ($4,444) ($4,488) ($4,533) ($4,578) ($4,624) ($4,670) ($4,717) ($4,764)End of Yr. Loan Balance ($27,649) ($27,209) ($26,747) ($26,262) ($25,753) ($25,219) ($24,658) ($24,068) ($23,450) ($22,801)
Proceeds before tax $22,445 $23,386 $24,354 $25,349 $26,375 $27,431 $28,518 $29,639 $30,795 $31,987Capital Gain Tax ($971) ($2,574) ($2,977) ($3,381) ($3,786) ($4,191) ($4,597) ($5,004) ($5,412) ($5,821)
NET SALES PROCEEDS $21,473 $20,812 $21,377 $21,969 $22,589 $23,240 $23,921 $24,635 $25,383 $26,166
NET SALES PROCEEDS AFTER TAX
CAPITAL GAIN FOR TAX PURPOSES
ADJUSTED COST
ESTIMATED NET SALES PROCEEDS AFTER TAX
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
$21,473 $20,812 $21,377 $21,969 $22,589 $23,240 $23,921 $24,635 $25,383 $26,166
Net Sales Proceeds After Tax
Net Sales Proceeds (After Tax).Using your equity to purchase another property, tax free, via an exchange, is a great wealth -building strategy, but if you absolutely had to have the cash for something else, here's what the numbers might look like.
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Loan Amount: $28,000.00Interest Rate: 4.875%
Term (months): 360Monthly payment: $148.18
Down payment: $7,000.00
MONTH INTEREST PRINCIPAL BALANCEMarch $113.75 $34.43 $27,965.57April $113.61 $34.57 $27,931.00May $113.47 $34.71 $27,896.29June $113.33 $34.85 $27,861.44July $113.19 $34.99 $27,826.45August $113.04 $35.14 $27,791.31September $112.90 $35.28 $27,756.03October $112.76 $35.42 $27,720.61November $112.61 $35.57 $27,685.04December $112.47 $35.71 $27,649.33
Total 2016 $1,131.13 $350.67 $1,481.80
MONTH INTEREST PRINCIPAL BALANCE
January $112.33 $35.85 $27,613.48February $112.18 $36.00 $27,577.48March $112.03 $36.15 $27,541.33April $111.89 $36.29 $27,505.04May $111.74 $36.44 $27,468.60June $111.59 $36.59 $27,432.01July $111.44 $36.74 $27,395.27August $111.29 $36.89 $27,358.38September $111.14 $37.04 $27,321.34October $110.99 $37.19 $27,284.15November $110.84 $37.34 $27,246.81December $110.69 $37.49 $27,209.32
Total 2017 $1,338.15 $440.01 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $110.54 $37.64 $27,171.68February $110.38 $37.80 $27,133.88March $110.23 $37.95 $27,095.93April $110.08 $38.10 $27,057.83May $109.92 $38.26 $27,019.57June $109.77 $38.41 $26,981.16July $109.61 $38.57 $26,942.59August $109.45 $38.73 $26,903.86September $109.30 $38.88 $26,864.98
LOAN AMORTIZATION SCHEDULE
October $109.14 $39.04 $26,825.94November $108.98 $39.20 $26,786.74December $108.82 $39.36 $26,747.38
Total 2018 $1,316.22 $461.94 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $108.66 $39.52 $26,707.86February $108.50 $39.68 $26,668.18March $108.34 $39.84 $26,628.34April $108.18 $40.00 $26,588.34May $108.02 $40.16 $26,548.18June $107.85 $40.33 $26,507.85July $107.69 $40.49 $26,467.36August $107.52 $40.66 $26,426.70September $107.36 $40.82 $26,385.88October $107.19 $40.99 $26,344.89November $107.03 $41.15 $26,303.74December $106.86 $41.32 $26,262.42
Total 2019 $1,293.20 $484.96 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $106.69 $41.49 $26,220.93February $106.52 $41.66 $26,179.27March $106.35 $41.83 $26,137.44April $106.18 $42.00 $26,095.44May $106.01 $42.17 $26,053.27June $105.84 $42.34 $26,010.93July $105.67 $42.51 $25,968.42August $105.50 $42.68 $25,925.74September $105.32 $42.86 $25,882.88October $105.15 $43.03 $25,839.85November $104.97 $43.21 $25,796.64December $104.80 $43.38 $25,753.26
Total 2020 $1,269.00 $509.16 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $104.62 $43.56 $25,709.70February $104.45 $43.73 $25,665.97March $104.27 $43.91 $25,622.06April $104.09 $44.09 $25,577.97May $103.91 $44.27 $25,533.70June $103.73 $44.45 $25,489.25July $103.55 $44.63 $25,444.62August $103.37 $44.81 $25,399.81September $103.19 $44.99 $25,354.82October $103.00 $45.18 $25,309.64November $102.82 $45.36 $25,264.28
December $102.64 $45.54 $25,218.74
Total 2021 $1,243.64 $534.52 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $102.45 $45.73 $25,173.01February $102.27 $45.91 $25,127.10March $102.08 $46.10 $25,081.00April $101.89 $46.29 $25,034.71May $101.70 $46.48 $24,988.23June $101.51 $46.67 $24,941.56July $101.33 $46.85 $24,894.71August $101.13 $47.05 $24,847.66September $100.94 $47.24 $24,800.42October $100.75 $47.43 $24,752.99November $100.56 $47.62 $24,705.37December $100.37 $47.81 $24,657.56
Total 2022 $1,216.98 $561.18 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $100.17 $48.01 $24,609.55February $99.98 $48.20 $24,561.35March $99.78 $48.40 $24,512.95April $99.58 $48.60 $24,464.35May $99.39 $48.79 $24,415.56June $99.19 $48.99 $24,366.57July $98.99 $49.19 $24,317.38August $98.79 $49.39 $24,267.99September $98.59 $49.59 $24,218.40October $98.39 $49.79 $24,168.61November $98.18 $50.00 $24,118.61December $97.98 $50.20 $24,068.41
Total 2023 $1,189.01 $589.15 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $97.78 $50.40 $24,018.01February $97.57 $50.61 $23,967.40March $97.37 $50.81 $23,916.59April $97.16 $51.02 $23,865.57May $96.95 $51.23 $23,814.34June $96.75 $51.43 $23,762.91July $96.54 $51.64 $23,711.27August $96.33 $51.85 $23,659.42September $96.12 $52.06 $23,607.36October $95.90 $52.28 $23,555.08November $95.69 $52.49 $23,502.59December $95.48 $52.70 $23,449.89
Total 2024 $1,159.64 $618.52 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $95.27 $52.91 $23,396.98February $95.05 $53.13 $23,343.85March $94.83 $53.35 $23,290.50April $94.62 $53.56 $23,236.94May $94.40 $53.78 $23,183.16June $94.18 $54.00 $23,129.16July $93.96 $54.22 $23,074.94August $93.74 $54.44 $23,020.50September $93.52 $54.66 $22,965.84October $93.30 $54.88 $22,910.96November $93.08 $55.10 $22,855.86December $92.85 $55.33 $22,800.53
Total 2025 $1,128.80 $649.36 $1,778.16
MONTH INTEREST PRINCIPAL BALANCE
January $92.63 $55.55 $22,744.98February $92.40 $55.78 $22,689.20March $92.17 $56.01 $22,633.19April $91.95 $56.23 $22,576.96May $91.72 $56.46 $22,520.50June $91.49 $56.69 $22,463.81July $91.26 $56.92 $22,406.89August $91.03 $57.15 $22,349.74September $90.80 $57.38 $22,292.36October $90.56 $57.62 $22,234.74November $90.33 $57.85 $22,176.89December $90.09 $58.09 $22,118.80
Total 2026 $1,096.43 $681.73 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $89.86 $58.32 $22,060.48February $89.62 $58.56 $22,001.92March $89.38 $58.80 $21,943.12April $89.14 $59.04 $21,884.08May $88.90 $59.28 $21,824.80June $88.66 $59.52 $21,765.28July $88.42 $59.76 $21,705.52August $88.18 $60.00 $21,645.52September $87.93 $60.25 $21,585.27October $87.69 $60.49 $21,524.78November $87.44 $60.74 $21,464.04December $87.20 $60.98 $21,403.06
Total 2027 $1,062.42 $715.74 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $86.95 $61.23 $21,341.83February $86.70 $61.48 $21,280.35March $86.45 $61.73 $21,218.62April $86.20 $61.98 $21,156.64May $85.95 $62.23 $21,094.41June $85.70 $62.48 $21,031.93July $85.44 $62.74 $20,969.19August $85.19 $62.99 $20,906.20September $84.93 $63.25 $20,842.95October $84.67 $63.51 $20,779.44November $84.42 $63.76 $20,715.68December $84.16 $64.02 $20,651.66
Total 2028 $1,026.76 $751.40 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $83.90 $64.28 $20,587.38February $83.64 $64.54 $20,522.84March $83.37 $64.81 $20,458.03April $83.11 $65.07 $20,392.96May $82.85 $65.33 $20,327.63June $82.58 $65.60 $20,262.03July $82.31 $65.87 $20,196.16August $82.05 $66.13 $20,130.03September $81.78 $66.40 $20,063.63October $81.51 $66.67 $19,996.96November $81.24 $66.94 $19,930.02December $80.97 $67.21 $19,862.81
Total 2029 $989.31 $788.85 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $80.69 $67.49 $19,795.32February $80.42 $67.76 $19,727.56March $80.14 $68.04 $19,659.52April $79.87 $68.31 $19,591.21May $79.59 $68.59 $19,522.62June $79.31 $68.87 $19,453.75July $79.03 $69.15 $19,384.60August $78.75 $69.43 $19,315.17September $78.47 $69.71 $19,245.46October $78.18 $70.00 $19,175.46November $77.90 $70.28 $19,105.18December $77.61 $70.57 $19,034.61
Total 2030 $949.96 $828.20 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $77.33 $70.85 $18,963.76February $77.04 $71.14 $18,892.62
March $76.75 $71.43 $18,821.19April $76.46 $71.72 $18,749.47May $76.17 $72.01 $18,677.46June $75.88 $72.30 $18,605.16July $75.58 $72.60 $18,532.56August $75.29 $72.89 $18,459.67September $74.99 $73.19 $18,386.48October $74.70 $73.48 $18,313.00November $74.40 $73.78 $18,239.22December $74.10 $74.08 $18,165.14
Total 2031 $908.69 $869.47 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $73.80 $74.38 $18,090.76February $73.49 $74.69 $18,016.07March $73.19 $74.99 $17,941.08April $72.89 $75.29 $17,865.79May $72.58 $75.60 $17,790.19June $72.27 $75.91 $17,714.28July $71.96 $76.22 $17,638.06August $71.65 $76.53 $17,561.53September $71.34 $76.84 $17,484.69October $71.03 $77.15 $17,407.54November $70.72 $77.46 $17,330.08December $70.40 $77.78 $17,252.30
Total 2032 $865.32 $912.84 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $70.09 $78.09 $17,174.21February $69.77 $78.41 $17,095.80March $69.45 $78.73 $17,017.07April $69.13 $79.05 $16,938.02May $68.81 $79.37 $16,858.65June $68.49 $79.69 $16,778.96July $68.16 $80.02 $16,698.94August $67.84 $80.34 $16,618.60September $67.51 $80.67 $16,537.93October $67.19 $80.99 $16,456.94November $66.86 $81.32 $16,375.62December $66.53 $81.65 $16,293.97
Total 2033 $819.83 $958.33 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $66.19 $81.99 $16,211.98February $65.86 $82.32 $16,129.66March $65.53 $82.65 $16,047.01April $65.19 $82.99 $15,964.02
May $64.85 $83.33 $15,880.69June $64.52 $83.66 $15,797.03July $64.18 $84.00 $15,713.03August $63.83 $84.35 $15,628.68September $63.49 $84.69 $15,543.99October $63.15 $85.03 $15,458.96November $62.80 $85.38 $15,373.58December $62.46 $85.72 $15,287.86
Total 2034 $772.05 $1,006.11 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $62.11 $86.07 $15,201.79February $61.76 $86.42 $15,115.37March $61.41 $86.77 $15,028.60April $61.05 $87.13 $14,941.47May $60.70 $87.48 $14,853.99June $60.34 $87.84 $14,766.15July $59.99 $88.19 $14,677.96August $59.63 $88.55 $14,589.41September $59.27 $88.91 $14,500.50October $58.91 $89.27 $14,411.23November $58.55 $89.63 $14,321.60December $58.18 $90.00 $14,231.60
Total 2035 $721.90 $1,056.26 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $57.82 $90.36 $14,141.24February $57.45 $90.73 $14,050.51March $57.08 $91.10 $13,959.41April $56.71 $91.47 $13,867.94May $56.34 $91.84 $13,776.10June $55.97 $92.21 $13,683.89July $55.59 $92.59 $13,591.30August $55.21 $92.97 $13,498.33September $54.84 $93.34 $13,404.99October $54.46 $93.72 $13,311.27November $54.08 $94.10 $13,217.17December $53.69 $94.49 $13,122.68
Total 2036 $669.24 $1,108.92 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $53.31 $94.87 $13,027.81February $52.93 $95.25 $12,932.56March $52.54 $95.64 $12,836.92April $52.15 $96.03 $12,740.89May $51.76 $96.42 $12,644.47June $51.37 $96.81 $12,547.66
July $50.97 $97.21 $12,450.45August $50.58 $97.60 $12,352.85September $50.18 $98.00 $12,254.85October $49.79 $98.39 $12,156.46November $49.39 $98.79 $12,057.67December $48.98 $99.20 $11,958.47
Total 2037 $613.95 $1,164.21 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $48.58 $99.60 $11,858.87February $48.18 $100.00 $11,758.87March $47.77 $100.41 $11,658.46April $47.36 $100.82 $11,557.64May $46.95 $101.23 $11,456.41June $46.54 $101.64 $11,354.77July $46.13 $102.05 $11,252.72August $45.71 $102.47 $11,150.25September $45.30 $102.88 $11,047.37October $44.88 $103.30 $10,944.07November $44.46 $103.72 $10,840.35December $44.04 $104.14 $10,736.21
Total 2038 $555.90 $1,222.26 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $43.62 $104.56 $10,631.65February $43.19 $104.99 $10,526.66March $42.76 $105.42 $10,421.24April $42.34 $105.84 $10,315.40May $41.91 $106.27 $10,209.13June $41.47 $106.71 $10,102.42July $41.04 $107.14 $9,995.28August $40.61 $107.57 $9,887.71September $40.17 $108.01 $9,779.70October $39.73 $108.45 $9,671.25November $39.29 $108.89 $9,562.36December $38.85 $109.33 $9,453.03
Total 2039 $494.98 $1,283.18 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $38.40 $109.78 $9,343.25February $37.96 $110.22 $9,233.03March $37.51 $110.67 $9,122.36April $37.06 $111.12 $9,011.24May $36.61 $111.57 $8,899.67June $36.15 $112.03 $8,787.64July $35.70 $112.48 $8,675.16August $35.24 $112.94 $8,562.22
September $34.78 $113.40 $8,448.82October $34.32 $113.86 $8,334.96November $33.86 $114.32 $8,220.64December $33.40 $114.78 $8,105.86
Total 2040 $430.99 $1,347.17 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $32.93 $115.25 $7,990.61February $32.46 $115.72 $7,874.89March $31.99 $116.19 $7,758.70April $31.52 $116.66 $7,642.04May $31.05 $117.13 $7,524.91June $30.57 $117.61 $7,407.30July $30.09 $118.09 $7,289.21August $29.61 $118.57 $7,170.64September $29.13 $119.05 $7,051.59October $28.65 $119.53 $6,932.06November $28.16 $120.02 $6,812.04December $27.67 $120.51 $6,691.53
Total 2041 $363.83 $1,414.33 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $27.18 $121.00 $6,570.53February $26.69 $121.49 $6,449.04March $26.20 $121.98 $6,327.06April $25.70 $122.48 $6,204.58May $25.21 $122.97 $6,081.61June $24.71 $123.47 $5,958.14July $24.20 $123.98 $5,834.16August $23.70 $124.48 $5,709.68September $23.20 $124.98 $5,584.70October $22.69 $125.49 $5,459.21November $22.18 $126.00 $5,333.21December $21.67 $126.51 $5,206.70
Total 2042 $293.33 $1,484.83 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $21.15 $127.03 $5,079.67February $20.64 $127.54 $4,952.13March $20.12 $128.06 $4,824.07April $19.60 $128.58 $4,695.49May $19.08 $129.10 $4,566.39June $18.55 $129.63 $4,436.76July $18.02 $130.16 $4,306.60August $17.50 $130.68 $4,175.92September $16.96 $131.22 $4,044.70October $16.43 $131.75 $3,912.95
November $15.90 $132.28 $3,780.67December $15.36 $132.82 $3,647.85
Total 2043 $219.31 $1,558.85 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $14.82 $133.36 $3,514.49February $14.28 $133.90 $3,380.59March $13.73 $134.45 $3,246.14April $13.19 $134.99 $3,111.15May $12.64 $135.54 $2,975.61June $12.09 $136.09 $2,839.52July $11.54 $136.64 $2,702.88August $10.98 $137.20 $2,565.68September $10.42 $137.76 $2,427.92October $9.86 $138.32 $2,289.60November $9.30 $138.88 $2,150.72December $8.74 $139.44 $2,011.28
Total 2044 $141.59 $1,636.57 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $8.17 $140.01 $1,871.27February $7.60 $140.58 $1,730.69March $7.03 $141.15 $1,589.54April $6.46 $141.72 $1,447.82May $5.88 $142.30 $1,305.52June $5.30 $142.88 $1,162.64July $4.72 $143.46 $1,019.18August $4.14 $144.04 $875.14September $3.56 $144.62 $730.52October $2.97 $145.21 $585.31November $2.38 $145.80 $439.51December $1.79 $146.39 $293.12
Total 2045 $60.00 $1,718.16 $0.00
MONTH INTEREST PRINCIPAL BALANCE
January $1.19 $146.99 $146.13February $0.59 $147.59 ($1.46)March ($0.01) ($1.46) $0.00
Total 2046 $1.77 $293.12 $0.00
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