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          Amortization Sheet

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          How much will your loan cost? Fill in the form below to find out.

          Loan Amount:
          Desired Loan Term:
          Fix Interest Rate?
          Calculate

          Note: FNFA long-term financing is typically at a fixed rate for the first 10 years. If you are considering the option of locking-in your rate for the whole term of the financing request, please contact Steve Berna for the current rate and next steps.

          Advantages of Locking-in Fixed Rate for Whole Term:
          • Your loan interest rate never changes.
          • No budget surprises.
          Advantages of Fixed Rate for Partial Term:
          • By not fixing your loan interest rate for the full term, your community can choose to repay ALL or SOME of the balance outstanding when the loan comes up for re-financing.
          Disadvantages of Fixed Rate for Partial Term:
          • At re-financing, your loan interest rate will change (up or down).

          Loan Amount:
          Loan Term: Years
          Expected Loan Interet Rate (first 10 years): %
          Earned Interest Rate: %

          Yearly Loan Payments:
          Monthly Loan Payments:
          Total Principal Paid:
          Total Interest Paid:

          Loan Amount:
          Loan Term: Years
          Expected Loan Interest Rate (first 10 years): %
          Earned Interest Rate: %

          Yearly Loan Payments:
          Monthly Loan Payments:
          Total Principal Paid:
          Total Interest Paid:

          Term Payment Interest Earned Loan Balance
          Principal Interest Total

          This schedule of payments is calculated on the esitmated upcoming long-term financing rate, which is subject to chang with market conditions until the rate is locked-in. The above amortization schedule shows an intereste rate locked-in for years 10 throught 10. At the end of the year 10 the borrowing member has the choice of refinancing all, or some, of the outstanding pricipal at interest rates in effect at that time.

          *FNFA borrowers repay principal and interest; however FNFA only pays bondholders interest and invest the principal payment into a sinking fund until bond maturity; earnings from interest on the accumulated principal repayments are indicated in this column. The loan is repaid through principal repayments and this interest earned.