Matters ▸ Attachment
Poplar Street Pre-Construction Debt Service — File 212549
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