| Time Period | Current (3.75%) | Proposed (4.75%) | Difference | ||||
|---|---|---|---|---|---|---|---|
| Principal | Interest | Total | Principal | Interest | Total | ||
| 1 Year | $40,000.00 | $1,500.00 | $41,500.00 | $40,000.00 | $1,900.00 | $41,900.00 | $400.00 |
| 5 Years | $40,000.00 | $8,083.99 | $48,083.99 | $40,000.00 | $10,446.40 | $50,446.40 | $2,362.40 |
| 10 Years | $40,000.00 | $17,801.76 | $57,801.76 | $40,000.00 | $23,620.97 | $63,620.97 | $5,819.22 |
| 30 Years | $40,000.00 | $80,698.86 | $120,698.86 | $40,000.00 | $120,946.28 | $160,946.28 | $40,247.42 |