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Page 3 <br />The following example will help you to understand the costs related to your loan with the City of <br />Redwood City. <br />AGENCY LOAN #7206 <br />PRINCIPAL <br />511,692.00 <br />ANNUAL INTEREST RATE <br />-0%- <br />TERM (YEARS) <br />30 (deferred Rve years, then fully <br />amortized for 25 years) <br />PERIODS (PER YEAR) <br />12 <br />NUMBER OF PAYMENTS <br />300 <br />START DATE <br />61st month after porehme <br />MONTHLY PAYMENT <br />S38.97 <br />"BANK COLLECTION FEE <br />$19.00• <br />TOTAL MONTHLY PAYMENT <br />$57.97 <br />APR <br />-0%- <br />CHARGESFINANCED <br />$11,692.00 <br />AMOUNT DISBURSED IN YOUR <br />BEHALF <br />$11,692.00 <br />i. AGENCY Loan #7206 The monthly principal payment will be in the amount <br />of $38.97 on the loan amount of $11,692.00. <br />TOTAL MONTHLY PRINCIPAL PAYMENT: $38.97 <br />TOTAL PAYMENTS <br />$11,692.00 <br />TOTAL INTEREST <br />-0%. <br />TOTAL COLLECTION FEES- <br />•$5,700.00 <br />TOTAL OVER LIFE OF LOAN <br />$17,392.00 <br />"Bank Collection Fees may be increased by the Collection Agent in the future. <br />DIsC uu <br />