🏛 The Somerville Record
Matters ▸ Attachment

GLX Elevator — File 212267

File 212267·1 page·📄 Original PDF (city portal)·sha256 00446154cdf1…
Debt Service Calculator 1) $1,331,543 2) Enter borrowing conditions: Interest Rate (e.g., 3.5% as 3.5): 3.0000 Term ( enter 5 or more) 20 3) Indicate ("x") payment type. Check both for comparisons. Level Debt Service x Level Principal x Projected annual payment Level Debt Service $89,501 Level Principal (Year One) $106,523 Principal & Interest Interest only Level Debt Service $1,790,012 $458,469 Level Principal $1,750,979 $419,436 Year Level debt service ($) Level principal ($) 2023 1 89,501 106,523 2024 2 89,501 104,526 2025 3 89,501 102,529 2026 4 89,501 100,531 2027 5 89,501 98,534 2028 6 89,501 96,537 2029 7 89,501 94,540 2030 8 89,501 92,542 2031 9 89,501 90,545 2032 10 89,501 88,548 2033 11 89,501 86,550 2034 12 89,501 84,553 2035 13 89,501 82,556 2036 14 89,501 80,558 2037 15 89,501 78,561 2038 16 89,501 76,564 2039 17 89,501 74,566 2040 18 89,501 72,569 2041 19 89,501 70,572 2042 20 89,501 68,574 Projected total payments over term. Enter amount to be borrowed. GLX ELEVATOR