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Covenant Village: 9% Tax Credit: $1.2M PBC

Schedule L: Debt Service Schedule

Annual from opening

  Total 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
661 1st Mortgage Interest 2,745,286   104283 206936 204581 201994 199149 196022 192585 188806 184653 180087 175068 169551 163487 156820 149492 71774
671 1st Mortgage Amortization 714553   11045 23720 26075 28662 31507 34634 38071 41850 46003 50569 55588 61105 67169 73836 81164 43554
Subtotal: 3,459,839   115328 230656 230656 230656 230656 230656 230656 230656 230656 230656 230656 230656 230656 230656 230656 115328
                                     
4 662 2cd Mortgage Interest 90000   3000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 3000
4 672 2cd Mortgage Amortization                                    
Subtotal: 90000   3000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 3000
                                     
1 663 3rd Mortgage Interest 340459   9056 18525 19088 19669 20267 20884 21519 22174 22848 23543 24259 24997 25757 26541 27348 13984
1 673 3rd Mortgage Amortization -340459   -9056 -18525 -19088 -19669 -20267 -20884 -21519 -22174 -22848 -23543 -24259 -24997 -25757 -26541 -27348 -13984
Subtotal:                                    
                                     
7 641 Credit Enhancement 174000 6000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000    
                                     
Total 3,723,839 6000 130328 248656 248656 248656 248656 248656 248656 248656 248656 248656 248656 248656 248656 248656 236656 118328


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