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
(.0065581970)

 

(Payment Per)
'000$

 

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