Defeasance Cost Estimate    
      Close All Notes:  
   
  Original Loan Amount    
?  
      The principal balance at the start of the loan.      
  1st Sched. Loan Paymt Date    
?  
      Date of the first principal and interest payment on the loan.      
  Loan Term
(months)
   
?  
      The number of scheduled monthly payments.
For instance, 10 years = 120 months.
This is likely different from the number of months the loan is amortized.
     
  Last Sched. Loan
Paymt Date
   
?  
      This date is automatically calculated from the First Scheduled Loan Payment Date and the Loan Term provided by the user.      
  Interest Only
Period (months)
   
?  
      The number of months from the First Scheduled Loan Payment Date where the borrower pays only interest and no principle reduction occurs. Immediately after this period ends amortization of the loan begins and extends to the Last Scheduled Loan Payment Date.      
  Amortization (months)    
?  
      The number of months that the loan is amortized, over which principal would be fully repaid. For instance, 30 years = 360 months
Note: This period may likely not be the same number of months as the Loan Term, which can be much shorter, leaving a balloon payment due at the Loan Maturity date.
     
  Interest
Rate %
   
?  
      The annualized interest rate of the loan, not the monthly rate.      
  Monthly Loan Paymt    
?  
      This value is automatically calculated. The fixed amount paid each month in principal plus interest during the amortization period. This is not the amounts paid monthly during an Interest Only Period, if any.      
  Defeasance Close Date    
?  
      The planned date when the defeasance is complete and the borrower is released from their mortgage obligation.      
  1st Paymt After Defease Date    
?  
      Typically, this the date in the month following the Defeasance Close Date when a payment under the loan was scheduled.      
  Defease Per.
End Date
   
?  
      A defeasance period typically ends on the date that the loan agreement allows the remaining unpaid principal to be pre-paid in full. Your  loan agreement controls this date, but as a rule of thumb this date is often two months before the Maturity Date of the loan.      
  Your Best Email Address          
  Results    
  Estimated
Securities Portfolio Cost:
         
  Unpaid Principal Balance, "UPB"
(at Defease date):
         
  Premium
over UPB:
(at Defease Date)
         
  Percent Premium
over UPB:
         
  Estimated Defease Fees:   $33,500.00*        
  Estimated Total Cost to Defease:          
  *Fixed fees.  Additional fees vary with specific
factors, call (415) 510-2100 for relevant details.
   
     
   
  Defeasance Services
  The Information You Provided
  Original Loan
Amount
  First Schedule Loan Payment Date
  Loan Term
(in months)
  Last Scheduled Loan Payment Date
  Interest Only Period
(if any)
  Loan Amortization
(in months)
  Loan Interest Rate (annual %)
  Monthly Loan Payment
(principal and interest)
  Defeasance Close Date
  First Payment Date After Defeasance Closes
  Defeasance End Date
 
  Defeasance Services
  Defeasance Cost Estimate
  Securities
Portfolio Cost
  Unpaid Principal Balance
(at Defease Date)
  Premium Over Unpaid Principal Balance
  % Premium Over
Unpaid Principal Balance
  Defeasance Fees
(call (415)  510-2100 for details)
  Estimated Cost
to Defease
  Derivative Logic, Inc.  
  Address Contact Us
  1855 San Miguel Dr. Ste. 6 (415) 510-2100 · office
  Walnut Creek, CA 94596 Derivativelogic.com