Example
First application for assistance
Former mortgage for period May 1, 1981, to March 1, 1982
|
Month |
Interest which would have been paid |
Principal payment |
Monthly payment |
Principal balance |
|---|---|---|---|---|
|
Factor |
(Payment Per) |
|||
|
April 1, 81 |
7.64 |
35,694.93 |
||
|
May 1, 81 |
234.09 |
38.62 |
272.71 |
35,656.31 |
|
June 1, 81 |
233.84 |
38.87 |
272.71 |
35,617.44 |
|
July 1, 81 |
233.58 |
39.13 |
272.71 |
35,578.31 |
|
August 1, 81 |
233.33 |
39.38 |
272.71 |
35,538.93 |
|
Sept. 1, 81 |
233.07 |
39.64 |
272.71 |
35,499.29 |
|
Oct. 1, 81 |
232.81 |
39.90 |
272.71 |
35,459.39 |
|
Nov. 1, 81 |
232.55 |
40.16 |
272.71 |
35,419.23 |
|
Dec. 1, 81 |
232.29 |
40.42 |
272.71 |
35,378.81 |
|
Jan. 1, 82 |
232.02 |
40.69 |
272.71 |
35,338.12 |
|
Feb. 1, 82 |
231.75 |
40.96 |
272.71 |
35,297.16 |
|
March 1, 82 |
231.48 |
41.23 |
272.71 |
35,255.93 |
|
2,560.81 |