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<br />EXAMPLE AMORTIZATION SCHEDULE <br />Lot Square Footage 7,707 <br />PID Rate per Square Foot $0.0616 <br />Duration (in years) 15 <br />Interest Rate 8.00% <br />Annual Payment Amount $474.75 <br />Total Lifetime Payments $7,121.27 <br />Total Principal $4,063.62 <br />Total Interest $3,057.65 <br /> Principal <br />Year Payment Principal Interest Payment Balance <br /> $4,063.62 <br />2008 1 $149.66 $325.09 $474.75 $3,913.96 <br />2009 2 $161.63 $313.12 $474.75 $3,752.33 <br />2010 3 $174.57 $300.19 $474.75 $3,577.76 <br />2011 4 $188.53 $286.22 $474.75 $3,389.23 <br />2012 5 $203.61 $271.14 $474.75 $3,185.62 <br />2013 6 $219.90 $254.85 $474.75 $2,965.72 <br />2014 7 $237.49 $237.26 $474.75 $2,728.22 <br />2015 8 $256.49 $218.26 $474.75 $2,471.73 <br />2016 9 $277.01 $197.74 $474.75 $2,194.72 <br />2017 10 $299.17 $175.58 $474.75 $1,895.54 <br />2018 11 $323.11 $151.64 $474.75 $1,572.44 <br />2019 12 $348.96 $125.79 $474.75 $1,223.48 <br />2020 13 $376.87 $97.88 $474.75 $846.61 <br />2021 14 $407.02 $67.73 $474.75 $439.58 <br />2022 15 $439.58 $35.17 $474.75 $0.00 <br />2023 16 <br />2024 17 <br />2025 18 <br />2026 19 <br />2027 20 <br />2028 21 <br />2029 22 <br />2030 23 <br />2031 24 <br />2032 25 <br />TOTAL $4,063.62 $3,057.65 $7,121.27 <br />