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Defeasance Cost
Estimate
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Close All Notes:
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Original Loan Amount
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The principal balance at the
start of the loan.
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1st Sched. Loan Paymt Date
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?
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Date of the first principal and
interest payment on the loan.
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Loan Term
(months)
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?
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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.
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Last Sched. Loan
Paymt Date
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This date is
automatically calculated from the First Scheduled Loan Payment Date and the Loan Term
provided by the user.
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Interest Only
Period (months)
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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.
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Amortization (months)
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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.
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Interest
Rate %
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The annualized interest rate of
the loan, not the monthly rate.
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Monthly Loan Paymt
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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.
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Defeasance Close Date
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The planned date when the
defeasance is complete and the borrower is released from their mortgage
obligation.
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1st Paymt After Defease Date
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Typically, this the date in the
month following the Defeasance Close Date when a payment under the loan was
scheduled.
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Defease Per.
End Date
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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.
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Your Best Email Address
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Results
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Estimated
Securities Portfolio Cost:
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Unpaid Principal Balance,
"UPB"
(at Defease date):
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Premium
over UPB:
(at Defease Date)
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Percent Premium
over UPB:
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Estimated Defease Fees:
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$33,500.00*
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Estimated Total Cost to
Defease:
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*Fixed fees. Additional fees vary with specific
factors, call (415) 510-2100
for relevant details.
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