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Covenant Village: 9% Tax Credit (S)

Schedule L: Debt Service Schedule

Annual from opening

  Total 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
2 661 1st Mortgage Interest 2,246,143 170208 168371 166351 164131 161691 159009 156060 152819 149256 145339 141034 136301 131099 125380 119094
2 671 1st Mortgage Amortization 584634 18511 20348 22367 24587 27027 29710 32658 35900 39463 43379 47685 52417 57619 63338 69624
Subtotal: 2,830,777 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718 188718
                                 
4 662 2cd Mortgage Interest 90000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000
4 672 2cd Mortgage Amortization                                
Subtotal: 90000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000 6000
                                 
1 663 3rd Mortgage Interest 340459 18250 18805 19377 19966 20573 21199 21844 22508 23193 23898 24625 25374 26146 26941 27761
1 673 3rd Mortgage Amortization -340459 -18250 -18805 -19377 -19966 -20573 -21199 -21844 -22508 -23193 -23898 -24625 -25374 -26146 -26941 -27761
Subtotal:                                
                                 
7 641 Credit Enhancement 156000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000 12000    
                                 
Total 3,076,777 206718 206718 206718 206718 206718 206718 206718 206718 206718 206718 206718 206718 206718 194718 194718


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