🏛 The Somerville Record
Matters ▸ Attachment

Poplar Street Pre-Construction Debt Service — File 212549

File 212549·1 page·📄 Original PDF (city portal)·sha256 ee02e2d04934…
Debt Service Calculator 1) $3,300,000 2) Enter borrowing conditions: Interest Rate (e.g., 3.5% as 3.5): 3.5000 Term ( enter 5 or more) 30 3) Indicate ("x") payment type. Check both for comparisons. Level Debt Service x Level Principal x Projected annual payment Level Debt Service $179,425 Level Principal (Year One) $225,500 Principal & Interest Interest only Level Debt Service $5,382,762 $2,082,762 Level Principal $5,090,250 $1,790,250 Year Level debt service ($) Level principal ($) Year Level debt service ($) 1 179,425 225,500 21 179,425 2 179,425 221,650 22 179,425 3 179,425 217,800 23 179,425 4 179,425 213,950 24 179,425 5 179,425 210,100 25 179,425 6 179,425 206,250 26 179,425 7 179,425 202,400 27 179,425 8 179,425 198,550 28 179,425 9 179,425 194,700 29 179,425 10 179,425 190,850 30 179,425 11 179,425 187,000 12 179,425 183,150 13 179,425 179,300 14 179,425 175,450 15 179,425 171,600 16 179,425 167,750 17 179,425 163,900 18 179,425 160,050 19 179,425 156,200 20 179,425 152,350 Projected total payments over term. Enter amount to be borrowed. POPLAR STREET PRE-CONSTRUCTION SERVICES