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HOA Loan Charts
Loan Amounts
Total Monthly Payment*
(Interest Only)
Total Monthly Payment*
(5 Year Amortization)
$1,000
$8.33
$21.25
$5,000
$41.67
$106.24
$10,000
$83.33
$212.48
$50,000
$416.67
$1,062.35
Some examples of loans follow:
Interest Only:
Number of Units
Loan Amount
Monthly Payment
Per Unit*
10
$20,000
$16.67
20
$50,000
$20.83
50
$50,000
$8.33
Five Year Amortization:
Number of Units
Loan Amount
Monthly Payment
Per Unit*
10
$20,000
$42.94
20
$50,000
$53.12
50
$50,000
$21.25
*Assumes interest rate of 10% per annum.
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