Home » Directives » Directives » FSD's » FSD 16 - Assistance for a Principal Residence » April 1, 2019 » Appendix B - Calculations

Appendix B - Calculations

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

      
Index