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Payment Schedule:
Borrower can determine options of monthly, quarterly, semi-annual, or annual payments.
Security Pledge:
Limited Tax General Obligation (LTGO) or LTGO and pledge of State School Aid, State Revenue Sharing, or State Transportation Funding.
Sample Interest Rates
Low Investment Credit Rating
$250,000 Loan |
Years |
Payment Amount |
Rate* |
Sum of Interest over Loan |
|
5 |
$27,831.63 |
4.00% |
$28,316.32 |
10 |
$15,429.71 |
4.19% |
$58,594.10 |
15 |
$11,502.97 |
4.44% |
$95,089.10 |
$1 Million Loan |
Years |
Payment Amount |
Rate* |
Sum of Interest over Loan |
5 |
$110,890.12 |
3.85% |
$108,901.24 |
10 |
$61,274.82 |
4.04% |
$225,496.35 |
15 |
$45,545.05 |
4.29% |
$366,351.39 |
$5 Million Loan |
Years |
Payment Amount |
Rate* |
Sum of Interest over Loan |
|
10 |
$305,341.14 |
3.97% |
$1,106,822.70 |
15 |
$226,640.42 |
4.22% |
$1,799,212.70 |
*All interest rates are based on December 11, 2007 Treasury rates and assumes semi-annual payments.
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