Public Program Revolving Fund (PPRF)
All-In Cost of a PPRF Market Rate Loan - Example
Based on May 2010 Pricing & Closing
Total Loan Amount = $548,100 20 Year Loan
Project Loan Amount = 500,000 Interest Rate = 4.036%
Debt Service Reserve = 40,200 * Avg Loan Life = 11.58 years
NMFA Fee ( 1.5% ) = 8,100
| FY End |
Principal |
|
Interest |
|
Total |
|
Principal |
|
|
| June 30 |
Amount |
|
Amount |
|
Debt Service |
|
Outstanding |
|
Rate |
|
|
|
|
|
|
|
|
|
| 2011 |
21,340 |
|
18,873 |
|
40,213 |
|
526,760 |
|
0.690% |
| 2012 |
21,487 |
|
18,726 |
|
40,213 |
|
505,273 |
|
1.030% |
| 2013 |
21,709 |
|
18,504 |
|
40,213 |
|
483,564 |
|
1.380% |
| 2014 |
22,008 |
|
18,205 |
|
40,213 |
|
461,556 |
|
1.730% |
| 2015 |
22,389 |
|
17,824 |
|
40,213 |
|
439,167 |
|
2.070% |
| 2016 |
22,853 |
|
17,361 |
|
40,214 |
|
416,314 |
|
2.480% |
| 2017 |
23,419 |
|
16,794 |
|
40,213 |
|
392,895 |
|
2.770% |
| 2018 |
24,068 |
|
16,145 |
|
40,213 |
|
368,827 |
|
2.960% |
| 2019 |
24,780 |
|
15,433 |
|
40,213 |
|
344,047 |
|
3.170% |
| 2020 |
25,566 |
|
14,647 |
|
40,213 |
|
318,481 |
|
3.340% |
| 2021 |
26,420 |
|
13,793 |
|
40,213 |
|
292,061 |
|
3.630% |
| 2022 |
27,379 |
|
12,834 |
|
40,213 |
|
264,682 |
|
3.840% |
| 2023 |
28,430 |
|
11,783 |
|
40,213 |
|
236,252 |
|
4.030% |
| 2024 |
29,576 |
|
10,637 |
|
40,213 |
|
206,676 |
|
4.190% |
| 2025 |
30,815 |
|
9,398 |
|
40,213 |
|
175,861 |
|
4.310% |
| 2026 |
32,143 |
|
8,070 |
|
40,213 |
|
143,718 |
|
4.410% |
| 2027 |
33,561 |
|
6,652 |
|
40,213 |
|
110,157 |
|
4.510% |
| 2028 |
35,074 |
|
5,139 |
|
40,213 |
|
75,083 |
|
4.590% |
| 2029 |
36,684 |
|
3,529 |
|
40,213 |
|
38,399 |
|
4.670% |
| 2030 |
38,399 |
|
1,816 |
|
40,215 |
|
0 |
|
4.730% |
|
|
|
|
|
|
|
|
|
|
|
548,100 |
|
256,174 |
|
804,274 |
|
|
|
|
|
|
|
|
* Notes: Debt Service Reserve is used to pay final year's debt service
Borrowers rated AA do not require a Debt Service Reserve Fund
Other Borrowers may not require a Debt Service Reserve Fund - Check with NMFA
Some Borrowers may qualify for subsidized loans - Check with NMFA
NMFA's Fee is capped at $75,000 (i.e., no fee on loan amounts beyond $5 million)
NMFA provides a free 90-day Interest Rate Cap of 75 basis points on loans under $5 million
To learn more about Pricing and Terms, Check with a NMFA Financial Advisor
(Loan Advisor Contact Info) (PPRF Borrower Resources)
Pricing History:
Dec 2010 Nov 2010 Oct 2010 Sep 2010 Aug 2010 Jul 2010 Jun 2010 May 2010 Apr 2010 Mar 2010 Feb 2010 Jan 2010
Dec 2009