Example

First application for assistance

Former mortgage for period May 1, 1981, to March 1, 1982

Month

Interest which would have been paid

Principal payment

Monthly payment

Principal balance

 

Factor
(.0065581970)

 

(Payment Per)
'000$

 

April 1, 81

   

7.64

35,694.93

May 1, 81

234.09

38.62

272.71

35,656.31

June 1, 81

233.84

38.87

272.71

35,617.44

July 1, 81

233.58

39.13

272.71

35,578.31

August 1, 81

233.33

39.38

272.71

35,538.93

Sept. 1, 81

233.07

39.64

272.71

35,499.29

Oct. 1, 81

232.81

39.90

272.71

35,459.39

Nov. 1, 81

232.55

40.16

272.71

35,419.23

Dec. 1, 81

232.29

40.42

272.71

35,378.81

Jan. 1, 82

232.02

40.69

272.71

35,338.12

Feb. 1, 82

231.75

40.96

272.71

35,297.16

March 1, 82

231.48

41.23

272.71

35,255.93

 

2,560.81