The Life of Andrew Andrew Snider Period 3 11/23/08
Wheels-  2008 Scion tC
Car Specs <ul><li>2-door, 5 seats, 5yr/60000miles powertrain limited warranty  </li></ul><ul><li>27/20 MPG Hwy/City </li><...
What It Costs <ul><li>MSRP: $24,526 </li></ul><ul><li>Down payment: $4,905.20 </li></ul><ul><li>Sales tax: $981(at 4%) </l...
5 Year Loan Amortization Table  14123.64 14483.51 14841.72 15198.29 15553.21 15906.51 16258.18 16608.24 16956.69 17303.53 ...
5 Year Loan Amorization Table (cont.) 0 424.77 847.59 1268.46 1687.4 2104.42 2519.52 2932.71 3344 3753.41 4160.93 4566.58 ...
Lease Or Buy? <ul><li>Lease </li></ul><ul><ul><li>Cons:  </li></ul></ul><ul><ul><ul><li>Car is not mine at end of lease </...
Lease Or Buy? <ul><li>I have chosen to buy the car. The benefit of owning the car outweighs the fact that it has  an overa...
Home
House Information <ul><li>Year Built: 1947  </li></ul><ul><li>3 total bedroom(s)  </li></ul><ul><li>2 total bath(s)  </li>...
House <ul><li>Total Price: $153,000 </li></ul><ul><li>Down Payment: $30,600 </li></ul><ul><li>Amount to be financed: $122,...
15 Year Loan Amortization Table   111594.83 112070.78 112544.42 113015.74 113484.78 113951.52 114415.99 114878.2 115338.16...
15 Year Loan Amortization Table 99445.94 99981.08 100513.62 101043.56 101570.92 102095.7 102617.94 103137.63 103654.78 104...
15 Year Loan Amortization Table 85786.22 86387.91 86986.67 87582.52 88175.46 88765.51 89352.69 89937 90518.47 91097.11 916...
15 Year Loan Amortization Table 70427.79 71104.31 71777.53 72447.47 73114.15 73777.58 74437.78 75094.76 75748.54 76399.14 ...
15 Year Loan Amortization Table 53159.39 53920.04 54676.99 55430.24 56179.83 56925.76 57668.06 58406.75 59141.83 59873.33 ...
15 Year Loan Amortization Table 33743.52 34598.76 35449.83 36296.77 37139.57 37978.27 38812.88 39643.42 40469.92 41292.4 4...
15 Year Loan Amortization Table 11913.09 12874.69 13831.61 14783.86 15731.48 16674.47 17612.88 18546.71 19475.99 20400.75 ...
15 Year Loan Amortization Table 0 1019.64 2034.31 3044.04 4048.85 5048.77 6043.81 7034.01 8019.38 8999.95 9975.74 10946.78...
30Yr Loan Amortization Table 117435.48 117585.33 117734.47 117882.89 118030.59 118177.59 118323.87 118469.46 118614.34 118...
30Yr Loan Amortization Table 111529.9 111708.16 111885.56 112062.12 112237.82 112412.68 112586.69 112759.87 112932.22 1131...
30Yr Loan Amortization Table 104504.87 104716.92 104927.96 105137.98 105346.99 105554.99 105761.99 105968 106173.02 106377...
30Yr Loan Amortization Table 96148.2 96400.45 96651.49 96901.32 97149.95 97397.38 97643.62 97888.68 98132.56 98375.26 9861...
30Yr Loan Amortization Table 86207.47 86507.54 86806.16 87103.35 87399.11 87693.44 87986.36 88277.87 88567.97 88856.69 891...
30Yr Loan Amortization Table 74382.41 74739.36 75094.58 75448.1 75799.92 76150.05 76498.49 76845.26 77190.36 77533.8 77875...
30Yr Loan Amortization Table 60315.82 60740.43 61163 61583.53 62002.04 62418.53 62833.03 63245.53 63656.04 64064.58 64471....
30Yr Loan Amortization Table 43582.82 44087.92 44590.58 45090.83 45588.67 46084.11 46577.18 47067.87 47556.2 48042.18 4852...
30Yr Loan Amortization Table 23677.96 24278.8 24876.75 25471.82 26064.03 26653.39 27239.92 27823.62 28404.52 28982.62 2955...
30Yr Loan Amortization Table 0 714.73 1426.02 2133.9 2838.36 3539.44 4237.15 4931.5 5622.51 6310.19 6994.57 7675.66 Balanc...
Apartment –  203 Capital Street  Lynchburg, VA 24502
Apartment Features <ul><li>2 bed/ 2 bath </li></ul><ul><li>Air Conditioning </li></ul><ul><li>Hardwood Floor </li></ul><ul...
Total Cost per Month   (monthly payment + insurance + tax) <ul><li>30yr loan- </li></ul><ul><ul><li>$718.19 + $69.53 + $30...
Buy, or Rent? <ul><li>I have chosen to rent the apartment because of the lower cost and the presence of student loans that...
Can I afford it?  $2500 Budget $ 70   2.8%   For Emergencies   0-10%   $70   2.8%   Irregular Expenses   0-10%   $70   2.8...
Can I afford it?  $2500 Budget (cont.)   $2500       Total   $2.50   .1%   All other   0-9%   $170   6.8%   Recreation   5...
Can I afford it?  $2500 Budget Workshop
Can I afford it?  $2500 Budget
Can I Afford It? <ul><li>My chosen career: Neurologist </li></ul><ul><ul><li>Requirements: 4yr B.A., 4yr Med School, 2yr r...
College <ul><li>Cost of four year degree from College of Charleston: </li></ul><ul><ul><li>$81,672 </li></ul></ul><ul><li>...
Can I afford it?  $141,818 Budget $ 840   .6   For Emergencies   0-10%   $840 .6   Irregular Expenses   0-10%   $840   .6 ...
Can I afford it?  $141,818 Budget   $141818       Total   $0 0   All other   0-9%   $2040   1.5   Recreation   5-10%   $45...
Can I afford it?  $141,818 Budget
Can I afford it?  $141,818 Budget
An Overview <ul><li>I will buy my car </li></ul><ul><li>I will rent an apartment </li></ul><ul><li>Until I have my student...
Upcoming SlideShare
Loading in …5
×

The Life Of Andrew 1

529 views

Published on

Published in: Business, Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
529
On SlideShare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The Life Of Andrew 1

  1. 1. The Life of Andrew Andrew Snider Period 3 11/23/08
  2. 2. Wheels- 2008 Scion tC
  3. 3. Car Specs <ul><li>2-door, 5 seats, 5yr/60000miles powertrain limited warranty </li></ul><ul><li>27/20 MPG Hwy/City </li></ul><ul><li>2,362 cc 2.4 liters in-line 4 front engine, 161-horse power, top speed 129mph, 0-60 in 8.4 sec </li></ul><ul><li>4-speed automatic transmission </li></ul><ul><li>TRD Sport muffler, Performance brake kit, rear sway bar, cold air intake. </li></ul><ul><li>Power windows, doors, locks, mirrors </li></ul><ul><li>Moonroof, A/C, 18” Alloy wheels, rear spoiler, mud guards, sport steering wheel, Pioneer Premium Audio system, 6 speakers, 2 6” subwoofers </li></ul>
  4. 4. What It Costs <ul><li>MSRP: $24,526 </li></ul><ul><li>Down payment: $4,905.20 </li></ul><ul><li>Sales tax: $981(at 4%) </li></ul><ul><li>Other costs: $368 </li></ul><ul><li>Amount to be financed: $22,319 @ 5.54% </li></ul><ul><li>Monthly payment for 5yr car loan: $426.73 </li></ul><ul><li>Buying cost for 5yr car loan: $30,509.06 </li></ul><ul><li>Monthly payment for 5yrs of leasing: $295.88 (+$.50 for every mile over limit) </li></ul><ul><li>Buying cost for 5yrs of leasing: $29,533(+$.50 for every mile over limit) </li></ul><ul><li>Insurance Monthly Premium: $82.09 </li></ul><ul><li>Residual Cost after 5yrs: $5,185 </li></ul>
  5. 5. 5 Year Loan Amortization Table 14123.64 14483.51 14841.72 15198.29 15553.21 15906.51 16258.18 16608.24 16956.69 17303.53 17648.79 17992.45 Balance  ($) 2046.19 1979.32 1910.8 1840.64 1768.83 1695.4 1620.34 1543.67 1465.38 1385.5 1304.02 1220.95 Total Interest  ($) 66.87 68.52 70.17 71.8 73.44 75.06 76.67 78.28 79.88 81.48 83.07 84.64 Interest Paid  ($) 359.87 358.21 356.57 354.93 353.3 351.67 350.06 348.45 346.85 345.25 343.67 342.09 Principal Paid  ($) 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 Payment  ($) 2010 2010 2010 2010 2010 2010 2010 2010 2010 2009 2009 2009 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 18334.54 18675.05 19014 19351.39 19687.24 20021.53 20354.3 20685.53 21015.24 21343.44 21670.12 21995.31 Balance  ($) 1136.31 1050.09 962.31 872.97 782.08 689.65 595.68 500.18 403.16 304.63 204.58 103.04 Total Interest  ($) 86.22 87.78 89.34 90.89 92.43 93.97 95.5 97.02 98.54 100.04 101.55 103.04 Interest Paid  ($) 340.51 338.95 337.39 335.84 334.3 332.76 331.23 329.71 328.2 326.69 325.19 323.69 Principal Paid  ($) 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 Payment  ($) 2009 2009 2009 2009 2009 2009 2009 2009 2009 2008 2008 2008 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct. Month
  6. 6. 5 Year Loan Amorization Table (cont.) 0 424.77 847.59 1268.46 1687.4 2104.42 2519.52 2932.71 3344 3753.41 4160.93 4566.58 Balance 3284.86 3282.9 3278.99 3273.13 3265.34 3255.63 3243.99 3230.46 3215.02 3197.69 3178.48 3157.4 Total Interest  ($) 1.96 3.91 5.86 7.79 9.72 11.63 13.54 15.44 17.33 19.21 21.08 22.95 Interest Paid  ($) 424.77 422.82 420.87 418.94 417.02 415.1 413.19 411.29 409.4 407.52 405.65 403.78 Principal Paid  ($) 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 Payment  ($) 2013 2013 2013 2013 2013 2013 2013 2013 2013 2012 2012 2012 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 4970.36 5372.29 5772.37 6170.61 6567.03 6961.62 7354.4 7745.37 8134.55 8521.94 8907.54 9291.38 Balance  ($) 3134.45 3109.65 3083 3054.51 3024.19 2992.05 2958.1 2922.34 2884.79 2845.45 2804.32 2761.43 Total Interest  ($) 24.8 26.65 28.49 30.32 32.14 33.95 35.76 37.55 39.34 41.12 42.9 44.66 Interest Paid  ($) 401.93 400.08 398.24 396.41 394.59 392.78 390.97 389.18 387.39 385.61 383.84 382.07 Principal Paid  ($) 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 Payment  ($) 2012 2012 2012 2012 2012 2012 2012 2012 2012 2011 2011 2011 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 9673.45 10053.77 10432.34 10809.16 11184.26 11557.64 11929.29 12299.24 12667.49 13034.05 13398.92 13762.12 Balance  ($) 2716.77 2670.35 2622.19 2572.29 2520.65 2467.3 2412.22 2355.44 2296.96 2236.79 2174.93 2111.39 Total Interest  ($) 46.41 48.16 49.9 51.63 53.36 55.07 56.78 58.48 60.17 61.86 63.54 65.2 Interest Paid  ($) 380.32 378.57 376.83 375.1 373.37 371.66 369.95 368.25 366.56 364.87 363.2 361.53 Principal Paid  ($) 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 426.73 Payment  ($) 2011 2011 2011 2011 2011 2011 2011 2011 2011 2010 2010 2010 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  7. 7. Lease Or Buy? <ul><li>Lease </li></ul><ul><ul><li>Cons: </li></ul></ul><ul><ul><ul><li>Car is not mine at end of lease </li></ul></ul></ul><ul><ul><li>Pros: </li></ul></ul><ul><ul><ul><li>Lower monthly costs </li></ul></ul></ul><ul><ul><ul><li>Lower 5yr cost </li></ul></ul></ul><ul><li>Buy: </li></ul><ul><ul><li>Cons: </li></ul></ul><ul><ul><ul><li>Higher monthly cost </li></ul></ul></ul><ul><ul><ul><li>Higher overall cost </li></ul></ul></ul><ul><ul><li>Pros: </li></ul></ul><ul><ul><ul><li>I own the car after 5yrs </li></ul></ul></ul>
  8. 8. Lease Or Buy? <ul><li>I have chosen to buy the car. The benefit of owning the car outweighs the fact that it has an overall higher cost and higher monthly payments. </li></ul>
  9. 9. Home
  10. 10. House Information <ul><li>Year Built: 1947 </li></ul><ul><li>3 total bedroom(s) </li></ul><ul><li>2 total bath(s) </li></ul><ul><li>2 total full bath(s) </li></ul><ul><li>Approximately 2336 sq. ft. </li></ul><ul><li>Two story </li></ul><ul><li>Master bedroom- 14’x11’ </li></ul><ul><li>Living room- 21’x12’ </li></ul><ul><li>Dining room- 11’x11’ </li></ul><ul><li>Kitchen- 10’x9’ </li></ul><ul><li>Basement </li></ul><ul><li>Laundry room </li></ul><ul><li>Central heating and air conditioning </li></ul><ul><li>Attic, Basement, Cable TV avail., Dishwasher, Fireplace, Laundry room, Range and oven, Tile floors, Washer/dryer hookups, Wood floors </li></ul><ul><li>Public sewer and water supply </li></ul><ul><li>Schools less than two miles away </li></ul><ul><li>Price: $153,000 </li></ul>
  11. 11. House <ul><li>Total Price: $153,000 </li></ul><ul><li>Down Payment: $30,600 </li></ul><ul><li>Amount to be financed: $122,400 </li></ul><ul><li>15yr Fixed Rate APR: 5.875% </li></ul><ul><li>15yr Monthly Payment: $1,024.96 </li></ul><ul><li>30yr Fixed Rate APR: 5.807% </li></ul><ul><li>30yr Monthly Payment: $718.19 </li></ul><ul><li>Bi-Yearly Insurance Premium: $417.20 </li></ul><ul><li>Monthly Insurance: $69.53 </li></ul>
  12. 12. 15 Year Loan Amortization Table 111594.83 112070.78 112544.42 113015.74 113484.78 113951.52 114415.99 114878.2 115338.16 115795.87 116251.36 116704.63 Balance  ($) 13786.02 13237.34 12686.34 12133.04 11577.44 11019.55 10459.39 9896.96 9332.29 8765.37 8196.22 7624.85 Total Interest  ($) 548.68 551 553.31 555.6 557.89 560.16 562.42 564.68 566.92 569.15 571.37 573.57 Interest Paid  ($) 475.95 473.63 471.33 469.03 466.75 464.47 462.21 459.96 457.72 455.49 453.27 451.06 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2010 2010 2010 2010 2010 2010 2010 2010 2010 2009 2009 2009 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 117155.68 117604.54 118051.22 118495.72 118938.05 119378.23 119816.26 120252.16 120685.93 121117.59 121547.15 121974.62 Balance  ($) 7051.28 6475.51 5897.55 5317.41 4735.11 4150.66 3564.06 2975.32 2384.46 1791.49 1196.42 599.25 Total Interest  ($) 575.77 577.96 580.14 582.3 584.46 586.6 588.73 590.86 592.97 595.07 597.17 599.25 Interest Paid  ($) 448.86 446.67 444.5 442.33 440.18 438.03 435.9 433.77 431.66 429.56 427.47 425.38 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2009 2009 2009 2009 2009 2009 2009 2009 2009 2008 2008 2008 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  13. 13. 15 Year Loan Amortization Table 99445.94 99981.08 100513.62 101043.56 101570.92 102095.7 102617.94 103137.63 103654.78 104169.42 104681.55 105191.18 Balance  ($) 26228.32 25738.83 25246.74 24752.04 24254.77 23754.93 23252.52 22747.58 22240.1 21730.11 21217.6 20702.61 Total Interest  ($) 489.49 492.1 494.69 497.27 499.84 502.4 504.94 507.48 510 512.5 515 517.48 Interest Paid  ($) 535.14 532.54 529.94 527.36 524.79 522.23 519.69 517.16 514.64 512.13 509.63 507.15 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2012 2012 2012 2012 2012 2012 2012 2012 2012 2011 2011 2011 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 105698.33 106203.02 106705.24 107205.01 107702.35 108197.27 108689.78 109179.88 109667.6 110152.94 110635.92 111116.55 Balance  ($) 20185.12 19665.17 19142.76 18617.9 18090.61 17560.89 17028.77 16494.24 15957.33 15418.04 14876.38 14332.37 Total Interest  ($) 519.95 522.41 524.86 527.29 529.72 532.13 534.53 536.91 539.29 541.66 544.01 546.35 Interest Paid  ($) 504.68 502.22 499.78 497.34 494.92 492.51 490.11 487.72 485.34 482.98 480.62 478.28 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2011 2011 2011 2011 2011 2011 2011 2011 2011 2010 2010 2010 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  14. 14. 15 Year Loan Amortization Table 85786.22 86387.91 86986.67 87582.52 88175.46 88765.51 89352.69 89937 90518.47 91097.11 91672.93 92245.94 Balance  ($) 37159.8 36736.86 36310.98 35882.2 35450.5 35015.92 34578.47 34138.15 33694.99 33248.99 32800.17 32348.55 Total Interest  ($) 422.94 425.87 428.79 431.69 434.58 437.46 440.32 443.16 446 448.82 451.62 454.41 Interest Paid  ($) 601.69 598.76 595.84 592.94 590.05 587.18 584.32 581.47 578.64 575.82 573.01 570.22 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2014 2014 2014 2014 2014 2014 2014 2014 2014 2013 2013 2013 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 92816.16 93383.6 93948.28 94510.21 95069.4 95625.86 96179.61 96730.67 97279.04 97824.74 98367.78 98908.18 Balance  ($) 31894.14 31436.95 30977 30514.29 30048.85 29580.68 29109.8 28636.22 28159.96 27681.02 27199.43 26715.19 Total Interest  ($) 457.19 459.96 462.71 465.44 468.17 470.88 473.58 476.26 478.93 481.59 484.24 486.87 Interest Paid  ($) 567.44 564.68 561.93 559.19 556.46 553.75 551.06 548.37 545.7 543.04 540.4 537.76 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2013 2013 2013 2013 2013 2013 2013 2013 2013 2012 2012 2012 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  15. 15. 15 Year Loan Amortization Table 70427.79 71104.31 71777.53 72447.47 73114.15 73777.58 74437.78 75094.76 75748.54 76399.14 77046.56 77690.83 Balance  ($) 46392.56 46044.44 45693.03 45338.34 44980.39 44619.19 44254.75 43887.1 43516.25 43142.21 42765 42384.64 Total Interest  ($) 348.11 351.41 354.69 357.95 361.2 364.43 367.65 370.85 374.04 377.21 380.36 383.5 Interest Paid  ($) 676.52 673.22 669.94 666.68 663.43 660.2 656.98 653.78 650.6 647.43 644.27 641.13 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2016 2016 2016 2016 2016 2016 2016 2016 2016 2015 2015 2015 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 78331.97 78969.97 79604.88 80236.68 80865.41 81491.08 82113.7 82733.28 83349.85 83963.41 84573.98 85181.58 Balance  ($) 42001.14 41614.52 41224.78 40831.96 40436.06 40037.09 39635.07 39230.03 38821.96 38410.89 37996.83 37579.79 Total Interest  ($) 386.62 389.73 392.83 395.9 398.97 402.01 405.05 408.07 411.07 414.06 417.03 420 Interest Paid  ($) 638.01 634.9 631.81 628.73 625.67 622.62 619.58 616.57 613.56 610.57 607.6 604.64 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2015 2015 2015 2015 2015 2015 2015 2015 2015 2014 2014 2014 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  16. 16. 15 Year Loan Amortization Table 53159.39 53920.04 54676.99 55430.24 56179.83 56925.76 57668.06 58406.75 59141.83 59873.33 60601.27 61325.67 Balance  ($) 53715.36 53451.37 53183.68 52912.31 52637.26 52358.56 52076.23 51790.28 51500.73 51207.6 50910.91 50610.67 Total Interest  ($) 263.98 267.69 271.38 275.05 278.7 282.33 285.95 289.55 293.13 296.69 300.24 303.77 Interest Paid  ($) 760.65 756.94 753.26 749.59 745.93 742.3 738.68 735.08 731.5 727.94 724.39 720.86 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2018 2018 2018 2018 2018 2018 2018 2018 2018 2017 2017 2017 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 62046.53 62763.88 63477.74 64188.12 64895.03 65598.51 66298.55 66995.19 67688.43 68378.3 69064.8 69747.96 Balance  ($) 50306.9 49999.62 49688.84 49374.58 49056.87 48735.71 48411.12 48083.13 47751.73 47416.97 47078.84 46737.36 Total Interest  ($) 307.28 310.78 314.25 317.72 321.16 324.59 328 331.39 334.77 338.13 341.47 344.8 Interest Paid  ($) 717.35 713.86 710.38 706.92 703.47 700.05 696.64 693.24 689.86 686.5 683.16 679.83 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2017 2017 2017 2017 2017 2017 2017 2017 2017 2016 2016 2016 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  17. 17. 15 Year Loan Amortization Table 33743.52 34598.76 35449.83 36296.77 37139.57 37978.27 38812.88 39643.42 40469.92 41292.4 42110.86 42925.34 Balance  ($) 58890.67 58721.28 58547.73 58370.02 58188.19 58002.26 57812.24 57618.15 57420.02 57217.86 57011.69 56801.53 Total Interest  ($) 169.39 173.56 177.7 181.83 185.94 190.02 194.09 198.13 202.16 206.17 210.16 214.12 Interest Paid  ($) 855.24 851.08 846.93 842.8 838.7 834.61 830.55 826.5 822.47 818.47 814.48 810.51 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2020 2020 2020 2020 2020 2020 2020 2020 2020 2019 2019 2019 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 43735.85 44542.41 45345.04 46143.76 46938.59 47729.55 48516.65 49299.92 50079.37 50855.03 51626.9 52395.02 Balance  ($) 56587.41 56369.34 56147.33 55921.42 55691.62 55457.94 55220.41 54979.05 54733.87 54484.89 54232.13 53975.62 Total Interest  ($) 218.07 222 225.91 229.8 233.68 237.53 241.36 245.18 248.98 252.76 256.52 260.26 Interest Paid  ($) 806.56 802.63 798.72 794.83 790.96 787.1 783.27 779.45 775.66 771.88 768.12 764.37 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2019 2019 2019 2019 2019 2019 2019 2019 2019 2018 2018 2018 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  18. 18. 15 Year Loan Amortization Table 11913.09 12874.69 13831.61 14783.86 15731.48 16674.47 17612.88 18546.71 19475.99 20400.75 21320.99 22236.76 Balance  ($) 61651.44 61588.41 61520.69 61448.31 61371.3 61289.66 61203.43 61112.63 61017.28 60917.4 60813.01 60704.15 Total Interest  ($) 63.03 67.72 72.38 77.02 81.64 86.23 90.8 95.35 99.88 104.38 108.87 113.33 Interest Paid  ($) 961.6 956.92 952.25 947.61 943 938.4 933.83 929.28 924.75 920.25 915.77 911.3 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2022 2022 2022 2022 2022 2022 2022 2022 2022 2021 2021 2021 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 23148.06 24054.93 24957.37 25855.42 26749.1 27638.42 28523.4 29404.08 30280.47 31152.58 32020.45 32884.08 Balance  ($) 60590.82 60473.05 60350.86 60224.28 60093.32 59958.01 59818.36 59674.4 59526.15 59373.64 59216.87 59055.87 Total Interest  ($) 117.77 122.19 126.58 130.96 135.31 139.65 143.96 148.25 152.52 156.77 160.99 165.2 Interest Paid  ($) 906.86 902.45 898.05 893.67 889.32 884.99 880.68 876.38 872.12 867.87 863.64 859.43 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2021 2021 2021 2021 2021 2021 2021 2021 2021 2020 2020 2020 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  19. 19. 15 Year Loan Amortization Table 0 1019.64 2034.31 3044.04 4048.85 5048.77 6043.81 7034.01 8019.38 8999.95 9975.74 10946.78 Balance ($) 62033.95 62028.95 62018.99 62004.09 61984.27 61959.55 61929.96 61895.52 61856.26 61812.2 61763.36 61709.77 Total Interest  ($) 4.99 9.96 14.9 19.82 24.72 29.59 34.44 39.26 44.06 48.84 53.59 58.32 Interest Paid  ($) 1019.64 1014.67 1009.73 1004.81 999.92 995.04 990.2 985.37 980.57 975.79 971.04 966.31 Principal Paid  ($) 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 1024.63 Payment  ($) 2023 2023 2023 2023 2023 2023 2023 2023 2023 2022 2022 2022 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  20. 20. 30Yr Loan Amortization Table 117435.48 117585.33 117734.47 117882.89 118030.59 118177.59 118323.87 118469.46 118614.34 118758.53 118902.02 119044.82 Balance  ($) 20890.16 20321.83 19752.78 19183.02 18612.54 18041.34 17469.45 16896.84 16323.54 15749.54 15174.85 14599.46 Total Interest  ($) 568.33 569.05 569.77 570.48 571.19 571.9 572.6 573.3 574 574.69 575.38 576.07 Interest Paid  ($) 149.86 149.14 148.42 147.7 146.99 146.29 145.58 144.88 144.19 143.49 142.8 142.12 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2011 2011 2011 2011 2011 2011 2011 2011 2011 2010 2010 2010 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 119186.94 119328.37 119469.12 119609.2 119748.6 119887.33 120025.39 120162.79 120299.53 120435.61 120571.03 120705.81 Balance  ($) 14023.39 13446.64 12869.21 12291.1 11712.31 11132.86 10552.73 9971.95 9390.5 8808.39 8225.63 7642.22 Total Interest  ($) 576.75 577.43 578.11 578.78 579.46 580.12 580.79 581.45 582.11 582.76 583.41 584.06 Interest Paid  ($) 141.43 140.75 140.07 139.4 138.73 138.06 137.4 136.74 136.08 135.43 134.77 134.13 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2010 2010 2010 2010 2010 2010 2010 2010 2010 2009 2009 2009 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 120839.93 120973.41 121106.25 121238.45 121370.02 121500.95 121631.25 121760.92 121889.97 122018.4 122146.22 122273.41 Balance  ($) 7058.16 6473.46 5888.11 5302.12 4715.5 4128.25 3540.36 2951.85 2362.72 1772.96 1182.59 591.6 Total Interest  ($) 584.7 585.35 585.99 586.62 587.25 587.88 588.51 589.13 589.76 590.37 590.99 591.6 Interest Paid  ($) 133.48 132.84 132.2 131.56 130.93 130.3 129.67 129.05 128.43 127.81 127.2 126.59 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2009 2009 2009 2009 2009 2009 2009 2009 2009 2008 2008 2008 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  21. 21. 30Yr Loan Amortization Table 111529.9 111708.16 111885.56 112062.12 112237.82 112412.68 112586.69 112759.87 112932.22 113103.74 113274.43 113444.3 Balance  ($) 40839.27 40299.35 39758.56 39216.93 38674.45 38131.12 37586.95 37041.95 36496.11 35949.44 35401.95 34853.63 Total Interest  ($) 539.92 540.78 541.63 542.48 543.33 544.17 545.01 545.84 546.67 547.49 548.31 549.13 Interest Paid  ($) 178.26 177.41 176.55 175.7 174.86 174.02 173.18 172.35 171.52 170.69 169.87 169.05 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2014 2014 2014 2014 2014 2014 2014 2014 2014 2013 2013 2013 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 113613.36 113781.6 113949.03 114115.66 114281.48 114446.51 114610.74 114774.19 114936.84 115098.72 115259.82 115420.14 Balance  ($) 34304.5 33754.56 33203.8 32652.24 32099.88 31546.72 30992.77 30438.03 29882.5 29326.19 28769.1 28211.24 Total Interest  ($) 549.94 550.75 551.56 552.36 553.16 553.95 554.74 555.53 556.31 557.09 557.86 558.64 Interest Paid  ($) 168.24 167.43 166.63 165.83 165.03 164.23 163.44 162.66 161.88 161.1 160.32 159.55 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2013 2013 2013 2013 2013 2013 2013 2013 2013 2012 2012 2012 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 115579.69 115738.47 115896.49 116053.75 116210.25 116366 116521 116675.26 116828.77 116981.55 117133.59 117284.9 Balance  ($) 27652.6 27093.2 26533.03 25972.11 25410.43 24847.99 24284.8 23720.87 23156.2 22590.79 22024.65 21457.77 Total Interest  ($) 559.4 560.17 560.93 561.68 562.44 563.18 563.93 564.67 565.41 566.15 566.88 567.6 Interest Paid  ($) 158.78 158.02 157.26 156.5 155.75 155 154.26 153.51 152.77 152.04 151.31 150.58 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2012 2012 2012 2012 2012 2012 2012 2012 2012 2011 2011 2011 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  22. 22. 30Yr Loan Amortization Table 104504.87 104716.92 104927.96 105137.98 105346.99 105554.99 105761.99 105968 106173.02 106377.05 106580.09 106782.17 Balance  ($) 59668.93 59162.8 58655.65 58147.48 57638.3 57128.12 56616.94 56104.76 55591.59 55077.43 54562.29 54046.18 Total Interest  ($) 506.13 507.15 508.17 509.18 510.18 511.18 512.18 513.17 514.16 515.14 516.11 517.09 Interest Paid  ($) 212.05 211.03 210.02 209.01 208 207 206.01 205.02 204.03 203.05 202.07 201.1 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2017 2017 2017 2017 2017 2017 2017 2017 2017 2016 2016 2016 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 106983.27 107183.4 107382.57 107580.78 107778.04 107974.35 108169.71 108364.14 108557.63 108750.19 108941.82 109132.54 Balance  ($) 53529.1 53011.04 52492.03 51972.05 51451.13 50929.25 50406.43 49882.67 49357.97 48832.35 48305.8 47778.32 Total Interest  ($) 518.05 519.02 519.97 520.93 521.88 522.82 523.76 524.7 525.63 526.55 527.47 528.39 Interest Paid  ($) 200.13 199.17 198.21 197.26 196.31 195.37 194.43 193.49 192.56 191.63 190.71 189.79 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2016 2016 2016 2016 2016 2016 2016 2016 2016 2015 2015 2015 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 109322.33 109511.21 109699.18 109886.25 110072.42 110257.7 110442.08 110625.57 110808.19 110989.92 111170.78 111350.77 Balance  ($) 47249.93 46720.63 46190.41 45659.3 45127.28 44594.37 44060.56 43525.87 42990.3 42453.85 41916.52 41378.33 Total Interest  ($) 529.3 530.21 531.12 532.02 532.91 533.8 534.69 535.57 536.45 537.33 538.2 539.06 Interest Paid  ($) 188.88 187.97 187.07 186.17 185.27 184.38 183.5 182.61 181.73 180.86 179.99 179.12 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2015 2015 2015 2015 2015 2015 2015 2015 2015 2014 2014 2014 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  23. 23. 30Yr Loan Amortization Table 96148.2 96400.45 96651.49 96901.32 97149.95 97397.38 97643.62 97888.68 98132.56 98375.26 98616.8 98857.18 Balance  ($) 77166.95 76701.01 76233.86 75765.51 75295.95 74825.19 74353.25 73880.12 73405.81 72930.33 72453.69 71975.88 Total Interest  ($) 465.94 467.15 468.36 469.56 470.75 471.94 473.13 474.31 475.48 476.65 477.81 478.97 Interest Paid  ($) 252.25 251.04 249.83 248.63 247.43 246.24 245.06 243.88 242.71 241.54 240.38 239.22 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2020 2020 2020 2020 2020 2020 2020 2020 2020 2019 2019 2019 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 99096.4 99334.47 99571.39 99807.17 100041.82 100275.35 100507.74 100739.02 100969.19 101198.25 101426.21 101653.07 Balance  ($) 71496.91 71016.79 70535.53 70053.13 69569.6 69084.93 68599.14 68112.24 67624.22 67135.1 66644.87 66153.55 Total Interest  ($) 480.12 481.26 482.4 483.54 484.66 485.79 486.91 488.02 489.12 490.23 491.32 492.41 Interest Paid  ($) 238.07 236.92 235.78 234.65 233.52 232.4 231.28 230.17 229.06 227.96 226.86 225.77 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2019 2019 2019 2019 2019 2019 2019 2019 2019 2018 2018 2018 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 101878.85 102103.53 102327.14 102549.66 102771.12 102991.52 103210.85 103429.13 103646.36 103862.54 104077.68 104291.79 Balance  ($) 65661.13 65167.63 64673.05 64177.39 63680.67 63182.87 62684.02 62184.11 61683.16 61181.15 60678.11 60174.04 Total Interest  ($) 493.5 494.58 495.66 496.73 497.79 498.85 499.91 500.96 502 503.04 504.08 505.11 Interest Paid  ($) 224.69 223.6 222.53 221.46 220.39 219.33 218.28 217.23 216.18 215.14 214.11 213.08 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2018 2018 2018 2018 2018 2018 2018 2018 2018 2017 2017 2017 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  24. 24. 30Yr Loan Amortization Table 86207.47 86507.54 86806.16 87103.35 87399.11 87693.44 87986.36 88277.87 88567.97 88856.69 89144.01 89429.95 Balance  ($) 93080.9 92662.78 92243.22 91822.22 91399.79 90975.94 90550.67 90124 89695.92 89266.44 88835.58 88403.34 Total Interest  ($) 418.12 419.56 421 422.43 423.85 425.27 426.68 428.08 429.47 430.86 432.24 433.62 Interest Paid  ($) 300.07 298.62 297.19 295.76 294.33 292.92 291.51 290.11 288.71 287.32 285.94 284.57 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2023 2023 2023 2023 2023 2023 2023 2023 2023 2022 2022 2022 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 89714.52 89997.71 90279.55 90560.03 90839.16 91116.94 91393.39 91668.52 91942.31 92214.79 92485.96 92755.83 Balance  ($) 87969.72 87534.73 87098.38 86660.67 86221.61 85781.22 85339.48 84896.42 84452.03 84006.32 83559.31 83110.99 Total Interest  ($) 434.99 436.35 437.71 439.06 440.4 441.73 443.06 444.39 445.7 447.02 448.32 449.62 Interest Paid  ($) 283.2 281.83 280.48 279.13 277.79 276.45 275.12 273.8 272.48 271.17 269.87 268.57 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2022 2022 2022 2022 2022 2022 2022 2022 2022 2021 2021 2021 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 93024.4 93291.67 93557.66 93822.38 94085.81 94347.98 94608.89 94868.55 95126.95 95384.11 95640.04 95894.73 Balance  ($) 82661.37 82210.46 81758.26 81304.79 80850.04 80394.03 79936.75 79478.22 79018.44 78557.42 78095.16 77631.66 Total Interest  ($) 450.91 452.2 453.47 454.75 456.02 457.28 458.53 459.78 461.02 462.26 463.49 464.72 Interest Paid  ($) 267.28 265.99 264.71 263.44 262.17 260.91 259.65 258.41 257.16 255.93 254.69 253.47 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2021 2021 2021 2021 2021 2021 2021 2021 2021 2020 2020 2020 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  25. 25. 30Yr Loan Amortization Table 74382.41 74739.36 75094.58 75448.1 75799.92 76150.05 76498.49 76845.26 77190.36 77533.8 77875.59 78215.73 Balance  ($) 107110.53 106749.29 106386.33 106021.66 105655.3 105287.24 104917.49 104546.08 104172.99 103798.24 103421.84 103043.8 Total Interest  ($) 361.24 362.96 364.67 366.37 368.06 369.74 371.42 373.09 374.75 376.4 378.04 379.68 Interest Paid  ($) 356.95 355.23 353.52 351.82 350.13 348.44 346.77 345.1 343.44 341.79 340.14 338.51 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2026 2026 2026 2026 2026 2026 2026 2026 2026 2025 2025 2025 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 78554.24 78891.11 79226.37 79560.02 79892.06 80222.5 80551.36 80878.63 81204.33 81528.46 81851.03 82172.05 Balance  ($) 102664.12 102282.82 101899.89 101515.35 101129.2 100741.46 100352.13 99961.22 99568.73 99174.67 98779.06 98381.9 Total Interest  ($) 381.31 382.93 384.54 386.14 387.74 389.33 390.91 392.49 394.05 395.61 397.16 398.71 Interest Paid  ($) 336.88 335.26 333.65 332.04 330.44 328.85 327.27 325.7 324.13 322.57 321.02 319.48 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2025 2025 2025 2025 2025 2025 2025 2025 2025 2024 2024 2024 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 82491.53 82809.47 83125.88 83440.77 83754.14 84066.01 84376.38 84685.25 84992.64 85298.55 85602.98 85905.96 Balance  ($) 97983.19 97582.94 97181.17 96777.87 96373.06 95966.74 95558.92 95149.61 94738.81 94326.53 93912.79 93497.57 Total Interest  ($) 400.25 401.78 403.3 404.81 406.32 407.82 409.31 410.8 412.28 413.75 415.21 416.67 Interest Paid  ($) 317.94 316.41 314.89 313.37 311.87 310.37 308.87 307.39 305.91 304.44 302.97 301.52 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2024 2024 2024 2024 2024 2024 2024 2024 2024 2023 2023 2023 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  26. 26. 30Yr Loan Amortization Table 60315.82 60740.43 61163 61583.53 62002.04 62418.53 62833.03 63245.53 63656.04 64064.58 64471.16 64875.77 Balance  ($) 118898.63 118605.05 118309.43 118011.77 117712.1 117410.41 117106.71 116801.03 116493.36 116183.71 115872.1 115558.53 Total Interest  ($) 293.58 295.62 297.65 299.68 301.69 303.69 305.69 307.67 309.65 311.61 313.57 315.51 Interest Paid  ($) 424.61 422.56 420.53 418.51 416.5 414.49 412.5 410.51 408.54 406.58 404.62 402.67 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2029 2029 2029 2029 2029 2029 2029 2029 2029 2028 2028 2028 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 65278.45 65679.18 66077.99 66474.88 66869.87 67262.95 67654.14 68043.45 68430.88 68816.46 69200.17 69582.05 Balance  ($) 115243.02 114925.57 114606.19 114284.9 113961.69 113636.59 113309.6 112980.72 112649.97 112317.36 111982.89 111646.58 Total Interest  ($) 317.45 319.38 321.3 323.2 325.1 326.99 328.88 330.75 332.61 334.47 336.31 338.15 Interest Paid  ($) 400.74 398.81 396.89 394.98 393.08 391.19 389.31 387.44 385.57 383.72 381.87 380.04 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2028 2028 2028 2028 2028 2028 2028 2028 2028 2027 2027 2027 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 69962.08 70340.29 70716.68 71091.26 71464.03 71835.02 72204.21 72571.64 72937.29 73301.19 73663.34 74023.74 Balance  ($) 111308.43 110968.45 110626.65 110283.04 109937.63 109590.43 109241.44 108890.68 108538.15 108183.86 107827.82 107470.04 Total Interest  ($) 339.98 341.8 343.61 345.41 347.2 348.99 350.76 352.53 354.29 356.04 357.78 359.51 Interest Paid  ($) 378.21 376.39 374.58 372.78 370.98 369.2 367.42 365.66 363.9 362.15 360.4 358.67 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2027 2027 2027 2027 2027 2027 2027 2027 2027 2026 2026 2026 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  27. 27. 30Yr Loan Amortization Table 43582.82 44087.92 44590.58 45090.83 45588.67 46084.11 46577.18 47067.87 47556.2 48042.18 48525.82 49007.14 Balance  ($) 128020.31 127807.22 127591.7 127373.76 127153.41 126930.67 126705.55 126478.05 126248.2 126015.99 125781.45 125544.59 Total Interest  ($) 213.09 215.52 217.94 220.35 222.74 225.12 227.49 229.85 232.2 234.54 236.87 239.18 Interest Paid  ($) 505.09 502.66 500.25 497.84 495.45 493.06 490.69 488.33 485.98 483.64 481.32 479 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2032 2032 2032 2032 2032 2032 2032 2032 2032 2031 2031 2031 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 49486.14 49962.84 50437.25 50909.37 51379.22 51846.82 52312.16 52775.27 53236.14 53694.8 54151.26 54605.52 Balance  ($) 125305.4 125063.92 124820.14 124574.07 124325.74 124075.15 123822.31 123567.22 123309.92 123050.39 122788.66 122524.73 Total Interest  ($) 241.49 243.78 246.06 248.33 250.59 252.84 255.08 257.31 259.52 261.73 263.93 266.11 Interest Paid  ($) 476.7 474.41 472.12 469.85 467.59 465.34 463.11 460.88 458.66 456.45 454.26 452.07 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2031 2031 2031 2031 2031 2031 2031 2031 2031 2030 2030 2030 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 55057.59 55507.49 55955.23 56400.81 56844.25 57285.55 57724.74 58161.81 58596.77 59029.65 59460.44 59889.17 Balance  ($) 122258.62 121990.34 121719.89 121447.28 121172.53 120895.65 120616.65 120335.54 120052.32 119767.01 119479.62 119190.15 Total Interest  ($) 268.29 270.45 272.6 274.75 276.88 279 281.12 283.22 285.31 287.39 289.46 291.53 Interest Paid  ($) 449.9 447.74 445.58 443.44 441.31 439.18 437.07 434.97 432.88 430.79 428.72 426.66 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2030 2030 2030 2030 2030 2030 2030 2030 2030 2029 2029 2029 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  28. 28. 30Yr Loan Amortization Table 23677.96 24278.8 24876.75 25471.82 26064.03 26653.39 27239.92 27823.62 28404.52 28982.62 29557.94 30130.5 Balance  ($) 133970.13 133852.79 133732.55 133609.44 133483.46 133354.63 133222.98 133088.49 132951.21 132811.12 132668.26 132522.63 Total Interest  ($) 117.35 120.24 123.11 125.98 128.82 131.66 134.48 137.29 140.08 142.86 145.63 148.38 Interest Paid  ($) 600.84 597.95 595.07 592.21 589.36 586.53 583.7 580.9 578.1 575.32 572.55 569.8 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2035 2035 2035 2035 2035 2035 2035 2035 2035 2034 2034 2034 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 30700.3 31267.36 31831.69 32393.31 32952.23 33508.46 34062.01 34612.9 35161.14 35706.74 36249.72 36790.09 Balance  ($) 132374.24 132223.12 132069.27 131912.7 131753.43 131591.47 131426.84 131259.54 131089.6 130917.01 130741.81 130563.99 Total Interest  ($) 151.13 153.85 156.57 159.27 161.96 164.63 167.3 169.95 172.58 175.21 177.82 180.42 Interest Paid  ($) 567.06 564.33 561.62 558.92 556.23 553.55 550.89 548.24 545.6 542.98 540.37 537.77 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2034 2034 2034 2034 2034 2034 2034 2034 2034 2033 2033 2033 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 37327.86 37863.04 38395.64 38925.69 39453.18 39978.14 40500.57 41020.49 41537.91 42052.84 42565.3 43075.29 Balance  ($) 130383.57 130200.57 130014.99 129826.85 129636.16 129442.93 129247.18 129048.91 128848.14 128644.89 128439.16 128230.96 Total Interest  ($) 183 185.58 188.14 190.69 193.23 195.75 198.27 200.77 203.26 205.73 208.2 210.65 Interest Paid  ($) 535.18 532.61 530.04 527.5 524.96 522.43 519.92 517.42 514.93 512.45 509.99 507.54 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2033 2033 2033 2033 2033 2033 2033 2033 2033 2032 2032 2032 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  29. 29. 30Yr Loan Amortization Table 0 714.73 1426.02 2133.9 2838.36 3539.44 4237.15 4931.5 5622.51 6310.19 6994.57 7675.66 Balance ($) 136146.86 136143.4 136136.51 136126.2 136112.48 136095.37 136074.89 136051.06 136023.88 135993.38 135959.57 135922.48 Total Interest  ($) 3.45 6.89 10.31 13.72 17.11 20.48 23.84 27.18 30.5 33.81 37.1 40.38 Interest Paid  ($) 714.73 711.29 707.87 704.47 701.08 697.71 694.35 691.01 687.69 684.38 681.09 677.81 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2038 2038 2038 2038 2038 2038 2038 2038 2038 2037 2037 2037 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 8353.47 9028.02 9699.33 10367.4 11032.27 11693.93 12352.41 13007.73 13659.89 14308.92 14954.82 15597.62 Balance  ($) 135882.1 135838.47 135791.59 135741.48 135688.15 135631.63 135571.93 135509.06 135443.04 135373.88 135301.59 135226.21 Total Interest  ($) 43.64 46.88 50.11 53.32 56.52 59.7 62.87 66.02 69.16 72.28 75.39 78.48 Interest Paid  ($) 674.55 671.31 668.08 664.86 661.67 658.48 655.32 652.16 649.03 645.9 642.8 639.71 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2037 2037 2037 2037 2037 2037 2037 2037 2037 2036 2036 2036 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month 16237.32 16873.95 17507.52 18138.04 18765.52 19389.99 20011.45 20629.93 21245.43 21857.97 22467.56 23074.22 Balance  ($) 135147.73 135066.17 134981.55 134893.88 134803.18 134709.46 134612.74 134513.03 134410.34 134304.7 134196.1 134084.58 Total Interest  ($) 81.56 84.62 87.67 90.7 93.72 96.72 99.71 102.69 105.65 108.59 111.53 114.44 Interest Paid  ($) 636.63 633.57 630.52 627.49 624.47 621.46 618.47 615.5 612.54 609.59 606.66 603.74 Principal Paid  ($) 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 718.19 Payment  ($) 2036 2036 2036 2036 2036 2036 2036 2036 2036 2035 2035 2035 Year Sep Aug Jul Jun May Apr Mar Feb Jan Dec Nov Oct Month
  30. 30. Apartment – 203 Capital Street Lynchburg, VA 24502
  31. 31. Apartment Features <ul><li>2 bed/ 2 bath </li></ul><ul><li>Air Conditioning </li></ul><ul><li>Hardwood Floor </li></ul><ul><li>Carpeted Floor </li></ul><ul><li>Washer/Dryer In Unit </li></ul><ul><li>Dishwasher </li></ul><ul><li>Cable-Ready </li></ul><ul><li>Balcony, Deck, Patio, Porch </li></ul><ul><li>Fireplace </li></ul><ul><li>Microwave </li></ul><ul><li>Storage Space(s) </li></ul><ul><li>Dining </li></ul><ul><li>Electric Heat </li></ul><ul><li>Small pets allowed </li></ul><ul><li>Utilities included in Price </li></ul><ul><li>Monthly Cost: $750 </li></ul><ul><li>Yearly Insurance: $166.00 </li></ul><ul><li>Monthly Insurance: $13.83 </li></ul>
  32. 32. Total Cost per Month (monthly payment + insurance + tax) <ul><li>30yr loan- </li></ul><ul><ul><li>$718.19 + $69.53 + $306.00 = $1093.72 </li></ul></ul><ul><li>15yr loan- </li></ul><ul><ul><li>$1,024.96 + 69.53 + 306.00 = $1399.53 </li></ul></ul><ul><li>Renting- </li></ul><ul><ul><li>$750 + $13.83 = $763.83 </li></ul></ul>
  33. 33. Buy, or Rent? <ul><li>I have chosen to rent the apartment because of the lower cost and the presence of student loans that will need to be paid off. Once the loans are paid off, I would then buy a house. </li></ul><ul><li>Renting the apartment would save me either </li></ul><ul><ul><li>$329.89 per month for a 30yr loan </li></ul></ul><ul><ul><li>Or $ 635.70 per month for a 15yr loan </li></ul></ul>
  34. 34. Can I afford it? $2500 Budget $ 70   2.8%   For Emergencies   0-10%   $70   2.8%   Irregular Expenses   0-10%   $70   2.8%   Goal Achievement   0-10%         Savings   $50   2%   Debt Repayment         0-10%   $15.00   .006%   Insurance     0-5%     $450   18%   Taxes   18%   $750   30%   Housing   18-30%           Fixed Expenses   Revised Amount   Percent Chosen   Category   Range        
  35. 35. Can I afford it? $2500 Budget (cont.)   $2500       Total   $2.50   .1%   All other   0-9%   $170   6.8%   Recreation   5-10%   $37.50   1.5%   Personal Grooming   1-5%   $100   4%   Durable Goods   2-9%   $50   2%   Clothing   2-8%   $115   4.6%   Medical   2-5%   $200   8%   Transportation   5-15%   $175   7% Food   8-15%   $175   7%   Utilities & Phone   5-12%         Living Expenses        
  36. 36. Can I afford it? $2500 Budget Workshop
  37. 37. Can I afford it? $2500 Budget
  38. 38. Can I Afford It? <ul><li>My chosen career: Neurologist </li></ul><ul><ul><li>Requirements: 4yr B.A., 4yr Med School, 2yr residency, </li></ul></ul><ul><li>Salaries range from $130,000 to $650,000 </li></ul><ul><li>Starting salary: $141,818 </li></ul>
  39. 39. College <ul><li>Cost of four year degree from College of Charleston: </li></ul><ul><ul><li>$81,672 </li></ul></ul><ul><li>Cost of Medical School: </li></ul><ul><ul><li>$84,452 </li></ul></ul><ul><li>Total Education Costs: </li></ul><ul><ul><li>$166,124 </li></ul></ul>
  40. 40. Can I afford it? $141,818 Budget $ 840   .6   For Emergencies   0-10%   $840 .6   Irregular Expenses   0-10%   $840   .6   Goal Achievement   0-10%         Savings   $92320   65   Debt Repayment       0-100%   $180   .1   Insurance   0-5%     $25527.24   18   Taxes   18%   $9000 6.35   Housing   18-30%           Fixed Expenses   Revised Amount   Percent Chosen   Category   Range        
  41. 41. Can I afford it? $141,818 Budget   $141818       Total   $0 0   All other   0-9%   $2040   1.5   Recreation   5-10%   $450   .1   Personal Grooming   1-5%   $1200 .1   Durable Goods   2-9%   $600   .5   Clothing   2-8%   $1380   1   Medical   2-5%   $2400   1.7   Transportation   5-15%   $2100   1.5 Food   8-15%   $2100   1.5   Utilities & Phone   5-12%         Living Expenses        
  42. 42. Can I afford it? $141,818 Budget
  43. 43. Can I afford it? $141,818 Budget
  44. 44. An Overview <ul><li>I will buy my car </li></ul><ul><li>I will rent an apartment </li></ul><ul><li>Until I have my student loans paid off, sixty-five percent of my earnings will go towards paying off these loans. I will also rent an apartment until they are paid off. </li></ul>

×