Treasurer's Office

University of Massachusetts > Treasurer's Office > POOL Loan Example

Pool Loan Repayment Examples

The following are two examples of repayment plans for loans from the Pool.
Note: In order to estimate a repayment plan for a different loan amount with the same assumptions in either example 1 or 2 below, simply divide your loan amount by $1,000,000 and multiply the result with the loan payment presented in either example. As an example, if you want to determine a repayment amount for a $2,000,000 loan with the same assumptions as in example 1, divide $2,000,000 by $1,000,000 and the result is 2. Next, multiply the payments in example 1 by 2 to determine the estimated repayments.

Example 1 - $1,000,000

Assumptions:
Interest rate: 4.5%
Loan date: 11/1/04
Loan length: 3 years

Date Due	Principal	Interest	Total
11/1/2004	-	-	-
12/1/2004	-	3,749.99	3,749.99
1/1/2005	78,296.96	3,749.99	82,046.95
2/1/2005	-	3,456.38	3,456.38
3/1/2005	-	3,456.38	3,456.38
4/1/2005	79,168.00	3,456.38	82,624.38
5/1/2005	-	3,159.50	3,159.50
6/1/2005	-	3,159.50	3,159.50
7/1/2005	80,058.63	3,159.50	83,218.13
8/1/2005	-	2,859.28	2,859.28
9/1/2005	-	2,859.28	2,859.28
10/1/2005	80,969.29	2,859.28	83,828.57
11/1/2005	-	2,555.65	2,555.65
12/1/2005	-	2,555.65	2,555.65
1/1/2006	81,890.31	2,555.65	84,445.96
2/1/2006	-	2,248.56	2,248.56
3/1/2006	-	2,248.56	2,248.56
4/1/2006	82,801.32	2,248.56	85,049.88
5/1/2006	-	1,938.06	1,938.06
6/1/2006	-	1,938.06	1,938.06
7/1/2006	83,732.82	1,938.06	85,670.88
8/1/2006	-	1,624.06	1,624.06
9/1/2006	-	1,624.06	1,624.06
10/1/2006	84,685.28	1,624.06	86,309.34
11/1/2006	-	1,306.49	1,306.49
12/1/2006	-	1,306.49	1,306.49
1/1/2007	85,648.56	1,306.49	86,955.05
2/1/2007	-	985.31	985.31
3/1/2007	-	985.31	985.31
4/1/2007	86,601.39	985.31	87,586.70
5/1/2007	-	660.55	660.55
6/1/2007	-	660.55	660.55
7/1/2007	87,575.64	660.55	88,236.19
8/1/2007	-	332.14	332.14
9/1/2007	-	332.14	332.14
10/1/2007	88,571.80	332.14	88,903.94
TOTAL	$1,000,000.00	$70,877.92	$1,070,877.92

Example 2 - $1,000,000

Assumptions:
Interest rate: 4.5%
Loan date: 11/1/04
Loan length: 5 years

Date Due	Principal	Interest	Total
11/1/2004	-	-	-
12/1/2004	-	3,750.01	3,750.01
1/1/2005	44,854.48	3,750.01	48,604.49
2/1/2005	-	3,581.81	3,581.81
3/1/2005	-	3,581.81	3,581.81
4/1/2005	45,353.48	3,581.81	48,935.29
5/1/2005	-	3,411.73	3,411.73
6/1/2005	-	3,411.73	3,411.73
7/1/2005	45,863.69	3,411.73	49,275.42
8/1/2005	-	3,239.74	3,239.74
9/1/2005	-	3,239.74	3,239.74
10/1/2005	46,385.39	3,239.74	49,625.13
11/1/2005	-	3,065.79	3,065.79
12/1/2005	-	3,065.79	3,065.79
1/1/2006	46,913.02	3,065.79	49,978.81
2/1/2006	-	2,889.87	2,889.87
3/1/2006	-	2,889.87	2,889.87
4/1/2006	47,434.92	2,889.87	50,324.79
5/1/2006	-	2,711.99	2,711.99
6/1/2006	-	2,711.99	2,711.99
7/1/2006	47,968.55	2,711.99	50,680.54
8/1/2006	-	2,532.11	2,532.11
9/1/2006	-	2,532.11	2,532.11
10/1/2006	48,514.19	2,532.11	51,046.30
11/1/2006	-	2,350.18	2,350.18
12/1/2006	-	2,350.18	2,350.18
1/1/2007	49,066.03	2,350.18	51,416.21
2/1/2007	-	2,166.18	2,166.18
3/1/2007	-	2,166.18	2,166.18
4/1/2007	49,611.88	2,166.18	51,778.06
5/1/2007	-	1,980.14	1,980.14
6/1/2007	-	1,980.14	1,980.14
7/1/2007	50,170.01	1,980.14	52,150.15
8/1/2007	-	1,792.00	1,792.00
9/1/2007	-	1,792.00	1,792.00
10/1/2007	50,740.69	1,792.00	52,532.69
11/1/2007	-	1,601.72	1,601.72
12/1/2007	-	1,601.72	1,601.72
1/1/2008	51,317.86	1,601.72	52,919.58
2/1/2008	-	1,409.28	1,409.28
3/1/2008	-	1,409.28	1,409.28
4/1/2008	51,895.17	1,409.28	53,304.45
5/1/2008	-	1,214.67	1,214.67
6/1/2008	-	1,214.67	1,214.67
7/1/2008	52,478.99	1,214.67	53,693.66
8/1/2008	-	1,017.87	1,017.87
9/1/2008	-	1,017.87	1,017.87
10/1/2008	53,075.93	1,017.87	54,093.80
11/1/2008	-	818.84	818.84
12/1/2008	-	818.84	818.84
1/1/2009	53,679.66	818.84	54,498.50
2/1/2009	-	617.54	617.54
3/1/2009	-	617.54	617.54
4/1/2009	54,276.84	617.54	54,894.38
5/1/2009	-	414.00	414.00
6/1/2009	-	414.00	414.00
7/1/2009	54,887.44	414.00	55,301.44
8/1/2009	-	208.17	208.17
9/1/2009	-	208.17	208.17
10/1/2009	55,511.78	208.17	55,719.95
TOTAL	$1,000,000.00	$118,570.91	$1,118,570.91

Last Updated on 11/01/04
By Treasurer's Office

The PDF files on this page require the free Adobe Acrobat Reader.