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SHAFTED APPRECIATION FACTOR .` MULTIPLE FORMULA AND cALDI unoN <br />__:.................::......::.»,...:...,...., .»............. ................ <br />1. 'LaanlAge,ncyprpp.ojgion contribution as % t ; <br />2. For f rst five nears of loan (60. rnonths� the Shared Appreciation? . <br />.. .... <br />Mulfi le will b 6 <br />i <br />_... ........... .................... <br />3.. Forthe first -five years Shared Appre clation participation by the <br />............. ......_...._..................... <br />l <br />AgencylLendervrill be equal to line 1 times line35.7099u <br />1 <br />......... ... <br />................ ......... <br />4. Commencing some time atter the sixth year, at the time you rear <br />a zero dollar ($0) balance your Shared Appreciation Multiple will <br />............. <br />0.6666•, � <br />. •...G'ommencing same time after the.six1h year, at the time you re ac <br />a zero dollar ($0) balance •yrour Shared Appre c i atto ri paOld patic <br />I <br />by the AgencvlLender wi11 ire equal to line 1 time : Ilne d= i E <br />_ _... <br />.... .. .. <br />17.202% <br />^ <br />ii. 6ubract line 3 from Brie 5 - this provides you the spread..hetwe ? <br />Y <br />..._^.,.,.....u. <br />your maximum Shared Apprectation and minimum Shared <br />Appreciation <br />21.5076 <br />To f►g►►re orrt #ire e etrrrrtltiple and Slrared Appreciation factor to apply towards file Lwider Ayertcy, <br />proporfio►r cottwibttdom proceed whir the following steps (an exa►r:ple ltas been pi-ofrided so thatyo,, <br />can compare restitts): <br />AGtlliil Example <br />7. Place the initial loan amount you borrowed from the Agencs!1Let• _ <br />$100,000 $100,0(40' <br />.8. Provide the current loan balance atthe time you sell the proper <br />orreflnance. the rope cash out refinance.... <br />P rl'l..(. <br />` <br />$70.000 <br />i <br />�: ... - •..... ....�....... _..................................................................... <br />0 Subract line 7 frolT line _.:. <br />............._,_.._.. v <br />....... - - - <br />_................:...................... .... _.............. ' <br />16 Divide line 9 by lire " - st...r-answer as a % I.�.. <br />............... .............. ., <br />..... 3Q.C100%i <br />I: 1 I times Iin...................€..................................... _.._........ <br />11 Multiply r line ri e 6 to yield your adjustment against th �,W.... <br />�_ <br />Maximum Shared ppreciation - state answer as t% » » <br />. .......----------- <br />- µ » ...,,. <br />6.52 <br />m....'....� _. <br />, <br />. ' .......... .. ........ :..._...-......_.... . <br />42 Subrat#line 3 Maximum SharedApreciatior� Factory _1." <br />_. .. <br />... ...».. �:-...�.»�». »,»., <br />- <br />from line 11 is r ow provides you with the adjusted Shared <br />E .............................. <br />= <br />--------- ------ ........................... <br />Appreciation factor which you }mill applytowards the : � � <br />................M <br />ry_.._. - <br />appreciatiorr you realized on your proi7erty _ ; <br />_..._..., ...... <br />3`2 2579'u <br />....... _............ ... ..... ..... ....... ...... ... . <br />13 Total appreciation realized on your Dwelling at the time you <br />......... ....... ..................... ..... � <br />-•3,,, .,,.W_ <br />.. f <br />sell or take money out of+flour increased apprec at�nn i!ultl?,a <br />........... . ........................... ...... .. <br />- I <br />».,...............- _... - <br />refnance..(cash out_refina refinance) ......................... <br />_ 1 <br />... ...._.. <br />€_ $15n,00p <br />._. <br />14 hAuftip.ly line 13 by Ilrle.1„Z.to provide you with the amount of r'- � T <br />....................,s'........_.._....._......M <br />Shared Appreclafion you.wl11 need top aythe-LenderlRgenr yi 4 <br />......... <br />_ ................ ................................W........ <br />To figure outyour Shared Appreciation Multiple diviclk <br />_ ....__ <br />line 12 by line 1 <br />E.........�.��.-......«.. »...... ..........._,.......».......... ...... ;.......... ........... ................ ........................a (( ..........��............. <br />�.f <br />] r <br />Shared appreciation agreement- Redwood Cfiy First Time Homebuyer Silent Loan Program September <br />Redwood City First Time Homebuyer Silent Loan Program - Shared appreciation agreement April 23, 2001 <br />Page 6 <br />1111111IIIIIIIIIIIIIIIIIIIIIIIIIIIIIUIIIII 'm.03,.0p"aa <br />