Appendix B - Calculations

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