Quote:
Originally Posted by Bill14564
Just a quick guess: A two-year, interest free deferral would lead to a 28 year payoff and a payment of $1,889.36 which is pretty close to the schedule they show. EDIT: Not so close (off by $100, bad math in my head).
Also, the interest rate they are using changes from year to year. 4.13% for 2021 interest, 4.15% for 2022, and up to 4.17% for 2024. Then at the end of the schedule the interest is 3.68% for 2048 and 3.31% for 2049. Haven't figured how that makes sense yet.
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not sure how two years interest free plays into it, as the payoff periods are still 30, count them, and there is no interest accrual on the schedule, which would be misleading.
The question would be when did they float the actual bond, and what is the schedule for interest payments to the bond holders. . . i guess that would play into this somehow. . .
things that make one go hmmmm, but not keep one up at night.