HISTORICAL PAYMENT EXAMPLE - 2ND LIEN - OPTION 2
| Year | Index (%) | Margin* (%) | Annual Percentage Rate (%) | Minimum Monthly Payment ($) |
|---|---|---|---|---|
Year 2012 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | Minimum Monthly Payment ($) 37.50 |
Year 2013 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | Minimum Monthly Payment ($) 37.50 |
Year 2014 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | Minimum Monthly Payment ($) 37.50 |
Year 2015 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | Minimum Monthly Payment ($) 37.50 |
Year 2016 | Index (%) 3.50 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | Minimum Monthly Payment ($) 37.50^2 |
Year 2017 | Index (%) 3.750 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.750 | |
Year 2018 | Index (%) 4.500 | Margin* (%) 1.000 | Annual Percentage Rate (%) 5.500 | |
Year 2019 | Index (%) 5.500 | Margin* (%) 1.000 | Annual Percentage Rate (%) 6.500 | |
Year 2020 | Index (%) 4.750 | Margin* (%) 1.000 | Annual Percentage Rate (%) 5.750 | |
Year 2021 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | |
Year 2022 | Index (%) 3.250 | Margin* (%) 1.000 | Annual Percentage Rate (%) 4.500** | |
Year 2023 | Index (%) 7.500 | Margin* (%) 1.000 | Annual Percentage Rate (%) 8.500 | |
Year 2024 | Index (%) 8.500 | Margin* (%) 1.000 | Annual Percentage Rate (%) 9.500 | |
Year 2025 | Index (%) 7.500 | Margin* (%) 1.000 | Annual Percentage Rate (%) 8.500 | |
Year 2026 | Index (%) 6.750
| Margin* (%) 1.00 | Annual Percentage Rate (%) 7.750 |