Chart 1 |
CONVENTIONAL MORTGAGE AT ____% | ||
If the same loan balance were financed under a conventional, 30-year, fixed-rate, level-payment mortgage, your monthly payments would be: | ||
Years 1-30 | ||
$_______/mo. |
Chart 2 |
IF YOU REFINANCE THIS TRANSACTION AT ___% | ||
If your property appreciates at 10% per year, and if your loan balance (including contingent interest due) at the end of __ years is refinanced at __% (the prevailing market interest rate now), your monthly payments will be: | ||
Years 1-__ _____ Refinancing loan | ||
$_______/mo. _____ $_______/mo.* |
* | Refinancing loan, assuming a conventional, 30-year, fixed-rate, level-payment mortgage. Other mortgage instruments, e.g., graduated-payment or shared-appreciation, if available, may result in lower payments. |
Chart 3 |
APR IF PROPERTY APPRECIATES AT 10% | ||
If your property appreciates at 10% per year, the total finance charge on your shared appreciation loan (including contingent interest) will equal $____, and the annual percentage rate of the total finance charge (including contingent interest) will equal ____%. |
Ca. Civ. Code § 1917.172