Exhibit 99.5
First NLC Securitization Trust 2005-4
Issuer
First NLC Securitization, Inc.
Depositor
DISCLAIMER
The issuer has filed a registration statement (including a prospectus) with the Securities and Exchange Commission (“SEC”) for the offering to which this communication relates with a file number of 333-127919. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (703) 469-1225.
COMPUTATIONAL MATERIALS
This presentation contains tables and other statistical analyses (the “Computational Materials”). These Computational Materials have been prepared by Friedman, Billings, Ramsey & Co., Inc. (“FBR”) in reliance upon information furnished by the issuer of the securities and its affiliates. These Computational Materials are furnished to you solely by FBR and not by the issuer of the securities. They may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating said material.
Numerous assumptions were used in preparing the Computational Materials which may or may not be reflected therein. As such, no assurance can be given as to the Computational Materials’ appropriateness in any particular context. In addition, no assurance can be given as to whether the Computational Materials and/or the assumptions upon which they are based reflect present market conditions or future market performance. These Computational Materials should not be construed as either projections or predictions or as legal, tax, financial or accounting advice.
Any weighted average lives, yields and principal payment periods shown in the Computational Materials are based on prepayment assumptions, and changes in such prepayment assumptions may dramatically affect such weighted average lives, yields and principal payment periods. In addition, it is possible that prepayments on the underlying assets will occur at rates slower or faster than the rates shown in the attached Computational Materials. Furthermore, unless otherwise provided, the Computational Materials assume no losses on the underlying assets and no interest shortfall.
If the Computational Materials were generated using a hypothetical group of mortgage loans, the specific characteristics of the securities may differ from those shown in the Computational Materials due to differences between the actual underlying assets and the hypothetical underlying assets used in preparing the Computational Materials. If these Computational Materials are based only on a statistical pool of mortgage loans expected to be included in the trust along with other mortgage loans on the closing date, the specific characteristics of these securities also may differ from those shown in the Computational Materials. A statistical pool may not necessarily represent a statistically relevant population, notwithstanding any contrary references herein. Although FBR believes the information with respect to the statistical pool will be representative of the final pool of mortgage loans, the collateral characteristics of the final pool may nonetheless vary from the collateral characteristics of the statistical pool. Certain mortgage loans contained in a statistical pool or the actual pool may be deleted from the final pool of mortgage loans delivered to the trust on the closing date.
| | |
FNLC 2005-4 | |  |
| | | | | | | | | | | | |
| | Class A-1 (AAA/Aaa)
|
| | Prepay Vector 1
| | Prepay Vector 2
|
| | Fwd LIBOR
| | Fwd LIBOR + 100 bps
| | Fwd LIBOR + 200 bps
| | Fwd LIBOR
| | Fwd LIBOR + 100 bps
| | Fwd LIBOR + 200 bps
|
WAL | | 1.03 | | 1.03 | | 1.03 | | 1.17 | | 1.17 | | 1.17 |
Modified Duration | | 0.99 | | 0.98 | | 0.97 | | 1.12 | | 1.11 | | 1.09 |
Window | | 1 - 22 | | 1 - 22 | | 1 - 22 | | 1 - 24 | | 1 - 24 | | 1 - 24 |
Assumptions
LIBOR assumption: as noted
No Losses
| | |
Prepay Vector 1 | | |
Fixed Rate | | Prepayment start at 5% CPR in month one, and increase to 18 CPR in month 12 and remain at 13 CPR thereafter |
| |
2/28 ARM | | 5% CPR in month 1, ramp up to 27 CPR in month 12 and remaining at 27 CPR until month 23, increasing and remaining constant at 40 CPR from month 24 until month 28, 25 CPR thereafter. |
| |
3/27 ARM and 5/25 ARM | | 5% CPR in month 1, ramp up to 27 CPR in month 12 and remaining at 27 CPR until month 35, increasing and remaining constant at 40 CPR from month 36 until month 40, 25 CPR thereafter. |
| |
Prepay Vector 2 | | |
| |
Fixed Rate | | Prepayment start at 5% CPR in month one, and increase to 15 CPR in month 12 and remain at 13 CPR thereafter |
| |
2/28 ARM | | 5% CPR in month 1, ramp up to 22 CPR in month 12 and remaining at 22 CPR until month 23, increasing and remaining constant at 40 CPR from month 24 until month 28, 22 CPR thereafter. |
| |
3/27 ARM and 5/25 ARM | | 5% CPR in month 1, ramp up to 22 CPR in month 12 and remaining at 22 CPR until month 35, increasing and remaining constant at 40 CPR from month 36 until month 40, 22 CPR thereafter. |
Disclaimer
This Series Term Sheet, including the computational materials herein, was prepared solely by FBR, is intended for use by the addressee only, and may not be provided to any third party other than the addressee’s legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. This information is furnished to you solely by FBR and not by the Depositor, the Issuer of the securities or any of their affiliates. FBR is acting as underwriter and not acting as agent for the Depositor, the Issuer or their affiliates in connection with the proposed transaction. This material is provided for information purposes only, and does not constitute an offer to sell, nor a solicitation of an offer to buy, the referenced securities. It does not purport to be all-inclusive or to contain all of the information that a prospective investor may require to make a full analysis of the transaction. All information contained herein is preliminary and it is anticipated that such information will change. The information contained herein supersedes information contained in any prior series termsheet for this transaction. In addition, the information contained herein will be superseded by information contained in the prospectus and prospectus supplement for this transaction and in any other material subsequently filed with the Securities and Exchange Commission. An offering may be made only through the delivery of the prospectus and prospectus supplement. Any investment decision with respect to the referenced securities should be made by you solely upon all of the information contained in the prospectus and prospectus supplements.
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR
Prepay Assumption: Prepay Vector 1
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 14,635,180.57 | | 298,960,180.57 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,769,015.32 | | 1,227,044.03 | | 5,996,059.34 | | 279,555,984.68 | | 0 | | 0 |
2 | | 25-Feb-06 | | 6,449,262.75 | | 1,120,760.91 | | 7,570,023.66 | | 273,106,721.94 | | 0 | | 0 |
3 | | 25-Mar-06 | | 7,785,762.95 | | 1,016,242.25 | | 8,802,005.20 | | 265,320,958.98 | | 0 | | 0 |
4 | | 25-Apr-06 | | 9,112,568.92 | | 1,117,016.71 | | 10,229,585.64 | | 256,208,390.06 | | 0 | | 0 |
5 | | 25-May-06 | | 10,423,368.51 | | 1,079,939.71 | | 11,503,308.23 | | 245,785,021.55 | | 0 | | 0 |
6 | | 25-Jun-06 | | 11,711,766.58 | | 1,059,786.10 | | 12,771,552.68 | | 234,073,254.96 | | 0 | | 0 |
7 | | 25-Jul-06 | | 12,971,331.00 | | 983,361.25 | | 13,954,692.25 | | 221,101,923.96 | | 0 | | 0 |
8 | | 25-Aug-06 | | 14,195,641.11 | | 969,749.35 | | 15,165,390.46 | | 206,906,282.85 | | 0 | | 0 |
9 | | 25-Sep-06 | | 15,378,338.29 | | 895,781.79 | | 16,274,120.07 | | 191,527,944.57 | | 0 | | 0 |
10 | | 25-Oct-06 | | 16,513,178.16 | | 806,875.31 | | 17,320,053.47 | | 175,014,766.41 | | 0 | | 0 |
11 | | 25-Nov-06 | | 17,571,354.69 | | 756,233.46 | | 18,327,588.15 | | 157,443,411.72 | | 0 | | 0 |
12 | | 25-Dec-06 | | 16,877,123.68 | | 648,102.68 | | 17,525,226.37 | | 140,566,288.04 | | 0 | | 0 |
13 | | 25-Jan-07 | | 16,619,710.05 | | 598,728.05 | | 17,218,438.10 | | 123,946,577.99 | | 0 | | 0 |
14 | | 25-Feb-07 | | 16,143,639.31 | | 528,599.79 | | 16,672,239.10 | | 107,802,938.69 | | 0 | | 0 |
15 | | 25-Mar-07 | | 15,762,106.29 | | 415,712.09 | | 16,177,818.37 | | 92,040,832.40 | | 0 | | 0 |
16 | | 25-Apr-07 | | 15,389,904.41 | | 393,520.83 | | 15,783,425.24 | | 76,650,927.99 | | 0 | | 0 |
17 | | 25-May-07 | | 15,026,800.86 | | 317,526.47 | | 15,344,327.33 | | 61,624,127.13 | | 0 | | 0 |
18 | | 25-Jun-07 | | 14,672,568.73 | | 264,174.59 | | 14,936,743.32 | | 46,951,558.40 | | 0 | | 0 |
19 | | 25-Jul-07 | | 14,326,986.82 | | 194,982.00 | | 14,521,968.82 | | 32,624,571.58 | | 0 | | 0 |
20 | | 25-Aug-07 | | 13,989,839.50 | | 140,160.69 | | 14,130,000.19 | | 18,634,732.08 | | 0 | | 0 |
21 | | 25-Sep-07 | | 13,660,916.60 | | 80,157.46 | | 13,741,074.05 | | 4,973,815.48 | | 0 | | 0 |
22 | | 25-Oct-07 | | 4,973,815.48 | | 20,725.06 | | 4,994,540.54 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 14,635,180.57 | | 0 | | | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,120,760.91 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,016,242.25 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,117,016.71 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,079,939.71 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,059,786.10 | | 0 | | 0 | | 0 |
7 | | 25-Jul-06 | | 0 | | 0 | | 0 | | 983,361.25 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 969,749.35 | | 0 | | 0 | | 0 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 895,781.79 | | 0 | | 0 | | 0 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 806,875.31 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 756,233.46 | | 0 | | 0 | | 0 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 648,102.68 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 598,728.05 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 528,599.79 | | 0 | | 0 | | 0 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 415,712.09 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 393,520.83 | | 0 | | 0 | | 0 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 317,526.47 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 264,174.59 | | 0 | | 0 | | 0 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 194,982.00 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 140,160.69 | | 0 | | 0 | | 0 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 80,157.46 | | 0 | | 0 | | 0 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 20,725.06 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 0 | | 14,635,180.57 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.14 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,120,760.91 | | 4.6557 | | 4.6557 | | 6.9452 | | 25.32 | | 4.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,016,242.25 | | 4.7842 | | 4.7842 | | 7.6893 | | 25.55 | | 4.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,117,016.71 | | 4.8891 | | 4.8891 | | 6.9452 | | 25.83 | | 4.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,079,939.71 | | 5.0581 | | 5.0581 | | 7.1768 | | 26.15 | | 4.9281 |
6 | | 25-Jun-06 | | 0 | | 0 | | 1,059,786.10 | | 5.0073 | | 5.0073 | | 6.9454 | | 26.51 | | 4.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 983,361.25 | | 5.0413 | | 5.0413 | | 7.1771 | | 26.94 | | 4.9113 |
8 | | 25-Aug-06 | | 0 | | 0 | | 969,749.35 | | 5.0934 | | 5.0934 | | 6.9458 | | 27.41 | | 4.9634 |
9 | | 25-Sep-06 | | 0 | | 0 | | 895,781.79 | | 5.0277 | | 5.0277 | | 6.9461 | | 27.95 | | 4.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 806,875.31 | | 5.0554 | | 5.0554 | | 7.1781 | | 28.55 | | 4.9254 |
11 | | 25-Nov-06 | | 0 | | 0 | | 756,233.46 | | 5.0179 | | 5.0179 | | 6.9469 | | 29.21 | | 4.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 648,102.68 | | 4.9397 | | 4.9397 | | 7.179 | | 29.88 | | 4.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 598,728.05 | | 4.9464 | | 4.9464 | | 6.9486 | | 30.57 | | 4.8164 |
14 | | 25-Feb-07 | | 0 | | 0 | | 528,599.79 | | 4.9526 | | 4.9526 | | 6.9497 | | 31.27 | | 4.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 415,712.09 | | 4.958 | | 4.958 | | 7.6957 | | 31.99 | | 4.828 |
16 | | 25-Apr-07 | | 0 | | 0 | | 393,520.83 | | 4.9651 | | 4.9651 | | 6.9522 | | 32.72 | | 4.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 317,526.47 | | 4.971 | | 4.971 | | 7.1853 | | 33.47 | | 4.841 |
18 | | 25-Jun-07 | | 0 | | 0 | | 264,174.59 | | 4.9783 | | 4.9783 | | 6.9548 | | 34.23 | | 4.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 194,982.00 | | 4.9834 | | 4.9834 | | 7.1879 | | 35.02 | | 4.8534 |
20 | | 25-Aug-07 | | 0 | | 0 | | 140,160.69 | | 4.9891 | | 4.9891 | | 6.9574 | | 35.81 | | 4.8591 |
21 | | 25-Sep-07 | | 0 | | 0 | | 80,157.46 | | 4.9953 | | 4.9953 | | 6.9587 | | 36.63 | | 4.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 20,725.06 | | 5.0002 | | 5.0002 | | 7.192 | | 100 | | 4.8702 |
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR + 100 bps
Prepay Assumption: Prepay Vector 1
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 17,342,323.17 | | 301,667,323.17 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,769,015.32 | | 1,227,044.03 | | 5,996,059.34 | | 279,555,984.68 | | 0 | | 0 |
2 | | 25-Feb-06 | | 6,449,262.75 | | 1,361,489.67 | | 7,810,752.42 | | 273,106,721.94 | | 0 | | 0 |
3 | | 25-Mar-06 | | 7,785,762.95 | | 1,228,658.59 | | 9,014,421.54 | | 265,320,958.98 | | 0 | | 0 |
4 | | 25-Apr-06 | | 9,112,568.92 | | 1,345,487.54 | | 10,458,056.47 | | 256,208,390.06 | | 0 | | 0 |
5 | | 25-May-06 | | 10,423,368.51 | | 1,293,446.71 | | 11,716,815.22 | | 245,785,021.55 | | 0 | | 0 |
6 | | 25-Jun-06 | | 11,711,766.58 | | 1,271,434.31 | | 12,983,200.89 | | 234,073,254.96 | | 0 | | 0 |
7 | | 25-Jul-06 | | 12,971,331.00 | | 1,178,422.30 | | 14,149,753.30 | | 221,101,923.96 | | 0 | | 0 |
8 | | 25-Aug-06 | | 14,195,641.11 | | 1,160,142.68 | | 15,355,783.79 | | 206,906,282.85 | | 0 | | 0 |
9 | | 25-Sep-06 | | 15,378,338.29 | | 1,073,951.08 | | 16,452,289.37 | | 191,527,944.57 | | 0 | | 0 |
10 | | 25-Oct-06 | | 16,513,178.16 | | 966,481.93 | | 17,479,660.09 | | 175,014,766.41 | | 0 | | 0 |
11 | | 25-Nov-06 | | 17,571,354.69 | | 906,940.62 | | 18,478,295.31 | | 157,443,411.72 | | 0 | | 0 |
12 | | 25-Dec-06 | | 16,877,123.68 | | 779,305.53 | | 17,656,429.21 | | 140,566,288.04 | | 0 | | 0 |
13 | | 25-Jan-07 | | 16,619,710.05 | | 719,771.24 | | 17,339,481.29 | | 123,946,577.99 | | 0 | | 0 |
14 | | 25-Feb-07 | | 16,143,639.31 | | 635,331.57 | | 16,778,970.87 | | 107,802,938.69 | | 0 | | 0 |
15 | | 25-Mar-07 | | 15,762,106.29 | | 499,558.82 | | 16,261,665.10 | | 92,040,832.40 | | 0 | | 0 |
16 | | 25-Apr-07 | | 15,389,904.41 | | 472,778.22 | | 15,862,682.62 | | 76,650,927.99 | | 0 | | 0 |
17 | | 25-May-07 | | 15,026,800.86 | | 381,402.24 | | 15,408,203.11 | | 61,624,127.13 | | 0 | | 0 |
18 | | 25-Jun-07 | | 14,672,568.73 | | 317,239.81 | | 14,989,808.54 | | 46,951,558.40 | | 0 | | 0 |
19 | | 25-Jul-07 | | 14,326,986.82 | | 234,108.30 | | 14,561,095.12 | | 32,624,571.58 | | 0 | | 0 |
20 | | 25-Aug-07 | | 13,989,839.50 | | 168,254.07 | | 14,158,093.57 | | 18,634,732.08 | | 0 | | 0 |
21 | | 25-Sep-07 | | 13,660,916.60 | | 96,204.03 | | 13,757,120.63 | | 4,973,815.48 | | 0 | | 0 |
22 | | 25-Oct-07 | | 4,973,815.48 | | 24,869.91 | | 4,998,685.39 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 17,342,323.17 | | 0 | | | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,361,489.67 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,228,658.59 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,345,487.54 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,293,446.71 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,271,434.31 | | 0 | | 0 | | 0 |
7 | | 25-Jul-06 | | 0 | | 0 | | 0 | | 1,178,422.30 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 1,160,142.68 | | 0 | | 0 | | 0 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 1,073,951.08 | | 0 | | 0 | | 0 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 966,481.93 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 906,940.62 | | 0 | | 0 | | 0 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 779,305.53 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 719,771.24 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 635,331.57 | | 0 | | 0 | | 0 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 499,558.82 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 472,778.22 | | 0 | | 0 | | 0 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 381,402.24 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 317,239.81 | | 0 | | 0 | | 0 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 234,108.30 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 168,254.07 | | 0 | | 0 | | 0 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 96,204.03 | | 0 | | 0 | | 0 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 24,869.91 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 0 | | 17,342,323.17 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.14 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,361,489.67 | | 5.6557 | | 5.6557 | | 6.9452 | | 25.32 | | 5.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,228,658.59 | | 5.7842 | | 5.7842 | | 7.6893 | | 25.55 | | 5.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,345,487.54 | | 5.8891 | | 5.8891 | | 6.9452 | | 25.83 | | 5.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,293,446.71 | | 6.0581 | | 6.0581 | | 7.1768 | | 26.15 | | 5.9281 |
6 | | 25-Jun-06 | | 0 | | 0 | | 1,271,434.31 | | 6.0073 | | 6.0073 | | 6.9454 | | 26.51 | | 5.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 1,178,422.30 | | 6.0413 | | 6.0413 | | 7.1771 | | 26.94 | | 5.9113 |
8 | | 25-Aug-06 | | 0 | | 0 | | 1,160,142.68 | | 6.0934 | | 6.0934 | | 6.9458 | | 27.41 | | 5.9634 |
9 | | 25-Sep-06 | | 0 | | 0 | | 1,073,951.08 | | 6.0277 | | 6.0277 | | 6.9461 | | 27.95 | | 5.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 966,481.93 | | 6.0554 | | 6.0554 | | 7.1781 | | 28.55 | | 5.9254 |
11 | | 25-Nov-06 | | 0 | | 0 | | 906,940.62 | | 6.0179 | | 6.0179 | | 6.9469 | | 29.21 | | 5.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 779,305.53 | | 5.9397 | | 5.9397 | | 7.179 | | 29.88 | | 5.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 719,771.24 | | 5.9464 | | 5.9464 | | 6.9486 | | 30.57 | | 5.8164 |
14 | | 25-Feb-07 | | 0 | | 0 | | 635,331.57 | | 5.9526 | | 5.9526 | | 6.9497 | | 31.27 | | 5.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 499,558.82 | | 5.958 | | 5.958 | | 7.6957 | | 31.99 | | 5.828 |
16 | | 25-Apr-07 | | 0 | | 0 | | 472,778.22 | | 5.9651 | | 5.9651 | | 6.9522 | | 32.72 | | 5.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 381,402.24 | | 5.971 | | 5.971 | | 7.1853 | | 33.47 | | 5.841 |
18 | | 25-Jun-07 | | 0 | | 0 | | 317,239.81 | | 5.9783 | | 5.9783 | | 6.9548 | | 34.23 | | 5.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 234,108.30 | | 5.9834 | | 5.9834 | | 7.1879 | | 35.02 | | 5.8534 |
20 | | 25-Aug-07 | | 0 | | 0 | | 168,254.07 | | 5.9891 | | 5.9891 | | 6.9574 | | 35.81 | | 5.8591 |
21 | | 25-Sep-07 | | 0 | | 0 | | 96,204.03 | | 5.9953 | | 5.9953 | | 6.9587 | | 36.63 | | 5.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 24,869.91 | | 6.0002 | | 6.0002 | | 7.192 | | 100 | | 5.8702 |
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR + 200bps
Prepay Assumption: Prepay Vector 1
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 20,049,465.78 | | 304,374,465.78 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,769,015.32 | | 1,227,044.03 | | 5,996,059.34 | | 279,555,984.68 | | 0 | | 0 |
2 | | 25-Feb-06 | | 6,449,262.75 | | 1,602,218.44 | | 8,051,481.19 | | 273,106,721.94 | | 0 | | 0 |
3 | | 25-Mar-06 | | 7,785,762.95 | | 1,441,074.93 | | 9,226,837.88 | | 265,320,958.98 | | 0 | | 0 |
4 | | 25-Apr-06 | | 9,112,568.92 | | 1,573,958.37 | | 10,686,527.29 | | 256,208,390.06 | | 0 | | 0 |
5 | | 25-May-06 | | 10,423,368.51 | | 1,506,953.70 | | 11,930,322.21 | | 245,785,021.55 | | 0 | | 0 |
6 | | 25-Jun-06 | | 11,711,766.58 | | 1,483,082.52 | | 13,194,849.11 | | 234,073,254.96 | | 0 | | 0 |
7 | | 25-Jul-06 | | 12,971,331.00 | | 1,373,483.34 | | 14,344,814.34 | | 221,101,923.96 | | 0 | | 0 |
8 | | 25-Aug-06 | | 14,195,641.11 | | 1,350,536.00 | | 15,546,177.11 | | 206,906,282.85 | | 0 | | 0 |
9 | | 25-Sep-06 | | 15,378,338.29 | | 1,252,120.38 | | 16,630,458.67 | | 191,527,944.57 | | 0 | | 0 |
10 | | 25-Oct-06 | | 16,513,178.16 | | 1,126,088.55 | | 17,639,266.71 | | 175,014,766.41 | | 0 | | 0 |
11 | | 25-Nov-06 | | 17,571,354.69 | | 1,057,647.78 | | 18,629,002.47 | | 157,443,411.72 | | 0 | | 0 |
12 | | 25-Dec-06 | | 16,877,123.68 | | 910,508.37 | | 17,787,632.05 | | 140,566,288.04 | | 0 | | 0 |
13 | | 25-Jan-07 | | 16,619,710.05 | | 840,814.43 | | 17,460,524.48 | | 123,946,577.99 | | 0 | | 0 |
14 | | 25-Feb-07 | | 16,143,639.31 | | 742,063.34 | | 16,885,702.65 | | 107,802,938.69 | | 0 | | 0 |
15 | | 25-Mar-07 | | 15,762,106.29 | | 583,405.55 | | 16,345,511.83 | | 92,040,832.40 | | 0 | | 0 |
16 | | 25-Apr-07 | | 15,389,904.41 | | 552,035.60 | | 15,941,940.01 | | 76,650,927.99 | | 0 | | 0 |
17 | | 25-May-07 | | 15,026,800.86 | | 445,278.02 | | 15,472,078.88 | | 61,624,127.13 | | 0 | | 0 |
18 | | 25-Jun-07 | | 14,672,568.73 | | 370,305.03 | | 15,042,873.76 | | 46,951,558.40 | | 0 | | 0 |
19 | | 25-Jul-07 | | 14,326,986.82 | | 273,234.59 | | 14,600,221.41 | | 32,624,571.58 | | 0 | | 0 |
20 | | 25-Aug-07 | | 13,989,839.50 | | 196,347.45 | | 14,186,186.95 | | 18,634,732.08 | | 0 | | 0 |
21 | | 25-Sep-07 | | 13,660,916.60 | | 112,250.61 | | 13,773,167.20 | | 4,973,815.48 | | 0 | | 0 |
22 | | 25-Oct-07 | | 4,973,815.48 | | 29,014.75 | | 5,002,830.23 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 20,049,465.78 | | 0 | | | | 70,481.97 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,602,218.44 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,441,074.93 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,573,958.37 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,506,953.70 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,483,082.52 | | 0 | | 0 | | 13,100.94 |
7 | | 25-Jul-06 | | 0 | | 0 | | 0 | | 1,373,483.34 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 1,350,536.00 | | 0 | | 0 | | 28,096.49 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 1,252,120.38 | | 0 | | 0 | | 14,532.66 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 1,126,088.55 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 1,057,647.78 | | 0 | | 0 | | 10,694.74 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 910,508.37 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 840,814.43 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 742,063.34 | | 0 | | 0 | | 306.87 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 583,405.55 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 552,035.60 | | 0 | | 0 | | 1,021.37 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 445,278.02 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 370,305.03 | | 0 | | 0 | | 1,249.34 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 273,234.59 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 196,347.45 | | 0 | | 0 | | 891.83 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 112,250.61 | | 0 | | 0 | | 587.72 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 29,014.75 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 70,481.97 | | 19,978,983.81 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.14 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,602,218.44 | | 6.6557 | | 6.6557 | | 6.9452 | | 25.32 | | 6.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,441,074.93 | | 6.7842 | | 6.7842 | | 7.6893 | | 25.55 | | 6.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,573,958.37 | | 6.8891 | | 6.8891 | | 6.9452 | | 25.83 | | 6.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,506,953.70 | | 7.0581 | | 7.0581 | | 7.1768 | | 26.15 | | 6.9281 |
6 | | 25-Jun-06 | | 0 | | 13,100.94 | | 1,469,981.58 | | 7.0073 | | 7.0073 | | 6.9454 | | 26.51 | | 6.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 1,373,483.34 | | 7.0413 | | 7.0413 | | 7.1771 | | 26.94 | | 6.9113 |
8 | | 25-Aug-06 | | 0 | | 28,096.49 | | 1,322,439.51 | | 7.0934 | | 7.0934 | | 6.9458 | | 27.41 | | 6.9634 |
9 | | 25-Sep-06 | | 0 | | 14,532.66 | | 1,237,587.72 | | 7.0277 | | 7.0277 | | 6.9461 | | 27.95 | | 6.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 1,126,088.55 | | 7.0554 | | 7.0554 | | 7.1781 | | 28.55 | | 6.9254 |
11 | | 25-Nov-06 | | 0 | | 10,694.74 | | 1,046,953.04 | | 7.0179 | | 7.0179 | | 6.9469 | | 29.21 | | 6.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 910,508.37 | | 6.9397 | | 6.9397 | | 7.179 | | 29.88 | | 6.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 840,814.43 | | 6.9464 | | 6.9464 | | 6.9486 | | 30.57 | | 6.8164 |
14 | | 25-Feb-07 | | 0 | | 306.87 | | 741,756.47 | | 6.9526 | | 6.9526 | | 6.9497 | | 31.27 | | 6.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 583,405.55 | | 6.958 | | 6.958 | | 7.6957 | | 31.99 | | 6.828 |
16 | | 25-Apr-07 | | 0 | | 1,021.37 | | 551,014.24 | | 6.9651 | | 6.9651 | | 6.9522 | | 32.72 | | 6.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 445,278.02 | | 6.971 | | 6.971 | | 7.1853 | | 33.47 | | 6.841 |
18 | | 25-Jun-07 | | 0 | | 1,249.34 | | 369,055.69 | | 6.9783 | | 6.9783 | | 6.9548 | | 34.23 | | 6.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 273,234.59 | | 6.9834 | | 6.9834 | | 7.1879 | | 35.02 | | 6.8534 |
20 | | 25-Aug-07 | | 0 | | 891.83 | | 195,455.62 | | 6.9891 | | 6.9891 | | 6.9574 | | 35.81 | | 6.8591 |
21 | | 25-Sep-07 | | 0 | | 587.72 | | 111,662.89 | | 6.9953 | | 6.9953 | | 6.9587 | | 36.63 | | 6.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 29,014.75 | | 7.0002 | | 7.0002 | | 7.192 | | 100 | | 6.8702 |
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR
Prepay Assumption: Prepay Vector 2
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 16,560,741.25 | | 300,885,741.25 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,513,696.40 | | 1,227,044.03 | | 5,740,740.43 | | 279,811,303.60 | | 0 | | 0 |
2 | | 25-Feb-06 | | 5,915,204.47 | | 1,121,784.50 | | 7,036,988.97 | | 273,896,099.13 | | 0 | | 0 |
3 | | 25-Mar-06 | | 6,934,146.70 | | 1,019,179.56 | | 7,953,326.26 | | 266,961,952.42 | | 0 | | 0 |
4 | | 25-Apr-06 | | 7,943,828.90 | | 1,123,925.39 | | 9,067,754.29 | | 259,018,123.53 | | 0 | | 0 |
5 | | 25-May-06 | | 8,940,517.25 | | 1,091,782.98 | | 10,032,300.22 | | 250,077,606.28 | | 0 | | 0 |
6 | | 25-Jun-06 | | 9,920,461.22 | | 1,078,295.04 | | 10,998,756.26 | | 240,157,145.06 | | 0 | | 0 |
7 | | 25-Jul-06 | | 10,879,915.53 | | 1,008,920.18 | | 11,888,835.71 | | 229,277,229.53 | | 0 | | 0 |
8 | | 25-Aug-06 | | 11,815,162.89 | | 1,005,606.11 | | 12,820,769.00 | | 217,462,066.64 | | 0 | | 0 |
9 | | 25-Sep-06 | | 12,722,537.28 | | 941,482.08 | | 13,664,019.37 | | 204,739,529.36 | | 0 | | 0 |
10 | | 25-Oct-06 | | 13,598,447.64 | | 862,533.51 | | 14,460,981.15 | | 191,141,081.72 | | 0 | | 0 |
11 | | 25-Nov-06 | | 14,427,672.22 | | 825,914.77 | | 15,253,586.99 | | 176,713,409.50 | | 0 | | 0 |
12 | | 25-Dec-06 | | 14,141,159.13 | | 727,426.02 | | 14,868,585.16 | | 162,572,250.37 | | 0 | | 0 |
13 | | 25-Jan-07 | | 13,991,452.60 | | 692,460.24 | | 14,683,912.85 | | 148,580,797.76 | | 0 | | 0 |
14 | | 25-Feb-07 | | 13,693,952.29 | | 633,658.31 | | 14,327,610.59 | | 134,886,845.47 | | 0 | | 0 |
15 | | 25-Mar-07 | | 13,435,459.60 | | 520,153.65 | | 13,955,613.25 | | 121,451,385.87 | | 0 | | 0 |
16 | | 25-Apr-07 | | 13,181,958.02 | | 519,265.74 | | 13,701,223.75 | | 108,269,427.85 | | 0 | | 0 |
17 | | 25-May-07 | | 12,933,349.55 | | 448,506.10 | | 13,381,855.65 | | 95,336,078.31 | | 0 | | 0 |
18 | | 25-Jun-07 | | 12,689,538.15 | | 408,693.32 | | 13,098,231.48 | | 82,646,540.15 | | 0 | | 0 |
19 | | 25-Jul-07 | | 12,450,429.71 | | 343,217.31 | | 12,793,647.02 | | 70,196,110.44 | | 0 | | 0 |
20 | | 25-Aug-07 | | 12,215,931.95 | | 301,574.38 | | 12,517,506.34 | | 57,980,178.49 | | 0 | | 0 |
21 | | 25-Sep-07 | | 11,985,954.45 | | 249,402.22 | | 12,235,356.67 | | 45,994,224.04 | | 0 | | 0 |
22 | | 25-Oct-07 | | 11,760,408.57 | | 191,650.27 | | 11,952,058.84 | | 34,233,815.46 | | 0 | | 0 |
23 | | 25-Nov-07 | | 17,208,468.52 | | 147,560.68 | | 17,356,029.20 | | 17,025,346.94 | | 0 | | 0 |
24 | | 25-Dec-07 | | 17,025,346.94 | | 70,704.85 | | 17,096,051.79 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 16,560,741.25 | | 0 | | | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,121,784.50 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,019,179.56 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,123,925.39 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,091,782.98 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,078,295.04 | | 0 | | 0 | | 0 |
7 | | 25-Jul-06 | | 0 | | 0 | | 0 | | 1,008,920.18 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 1,005,606.11 | | 0 | | 0 | | 0 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 941,482.08 | | 0 | | 0 | | 0 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 862,533.51 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 825,914.77 | | 0 | | 0 | | 0 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 727,426.02 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 692,460.24 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 633,658.31 | | 0 | | 0 | | 0 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 520,153.65 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 519,265.74 | | 0 | | 0 | | 0 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 448,506.10 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 408,693.32 | | 0 | | 0 | | 0 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 343,217.31 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 301,574.38 | | 0 | | 0 | | 0 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 249,402.22 | | 0 | | 0 | | 0 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 191,650.27 | | 0 | | 0 | | 0 |
23 | | 25-Nov-07 | | 0 | | 0 | | 0 | | 147,560.68 | | 0 | | 0 | | 0 |
24 | | 25-Dec-07 | | 0 | | 0 | | 0 | | 70,704.85 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 0 | | 16,560,741.25 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.13 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,121,784.50 | | 4.6557 | | 4.6557 | | 6.9452 | | 25.3 | | 4.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,019,179.56 | | 4.7842 | | 4.7842 | | 7.6893 | | 25.5 | | 4.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,123,925.39 | | 4.8891 | | 4.8891 | | 6.9451 | | 25.74 | | 4.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,091,782.98 | | 5.0581 | | 5.0581 | | 7.1767 | | 26.01 | | 4.9281 |
6 | | 25-Jun-06 | | 0 | | 0 | | 1,078,295.04 | | 5.0073 | | 5.0073 | | 6.9452 | | 26.32 | | 4.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 1,008,920.18 | | 5.0413 | | 5.0413 | | 7.1769 | | 26.67 | | 4.9113 |
8 | | 25-Aug-06 | | 0 | | 0 | | 1,005,606.11 | | 5.0934 | | 5.0934 | | 6.9455 | | 27.06 | | 4.9634 |
9 | | 25-Sep-06 | | 0 | | 0 | | 941,482.08 | | 5.0277 | | 5.0277 | | 6.9457 | | 27.49 | | 4.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 862,533.51 | | 5.0554 | | 5.0554 | | 7.1775 | | 27.96 | | 4.9254 |
11 | | 25-Nov-06 | | 0 | | 0 | | 825,914.77 | | 5.0179 | | 5.0179 | | 6.9462 | | 28.48 | | 4.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 727,426.02 | | 4.9397 | | 4.9397 | | 7.1781 | | 29.01 | | 4.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 692,460.24 | | 4.9464 | | 4.9464 | | 6.9472 | | 29.56 | | 4.8164 |
14 | | 25-Feb-07 | | 0 | | 0 | | 633,658.31 | | 4.9526 | | 4.9526 | | 6.9477 | | 30.11 | | 4.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 520,153.65 | | 4.958 | | 4.958 | | 7.6928 | | 30.68 | | 4.828 |
16 | | 25-Apr-07 | | 0 | | 0 | | 519,265.74 | | 4.9651 | | 4.9651 | | 6.949 | | 31.25 | | 4.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 448,506.10 | | 4.971 | | 4.971 | | 7.1813 | | 31.84 | | 4.841 |
18 | | 25-Jun-07 | | 0 | | 0 | | 408,693.32 | | 4.9783 | | 4.9783 | | 6.9503 | | 32.43 | | 4.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 343,217.31 | | 4.9834 | | 4.9834 | | 7.1826 | | 33.04 | | 4.8534 |
20 | | 25-Aug-07 | | 0 | | 0 | | 301,574.38 | | 4.9891 | | 4.9891 | | 6.9516 | | 33.66 | | 4.8591 |
21 | | 25-Sep-07 | | 0 | | 0 | | 249,402.22 | | 4.9953 | | 4.9953 | | 6.9522 | | 34.29 | | 4.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 191,650.27 | | 5.0002 | | 5.0002 | | 7.1847 | | 34.93 | | 4.8702 |
23 | | 25-Nov-07 | | 0 | | 0 | | 147,560.68 | | 5.0056 | | 5.0056 | | 6.9536 | | 35.91 | | 4.8756 |
24 | | 25-Dec-07 | | 0 | | 0 | | 70,704.85 | | 4.9835 | | 4.9835 | | 8.3328 | | 100 | | 4.8535 |
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR + 100bps
Prepay Assumption: Prepay Vector 2
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 19,654,084.92 | | 303,979,084.92 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,513,696.40 | | 1,227,044.03 | | 5,740,740.43 | | 279,811,303.60 | | 0 | | 0 |
2 | | 25-Feb-06 | | 5,915,204.47 | | 1,362,733.12 | | 7,277,937.60 | | 273,896,099.13 | | 0 | | 0 |
3 | | 25-Mar-06 | | 6,934,146.70 | | 1,232,209.86 | | 8,166,356.56 | | 266,961,952.42 | | 0 | | 0 |
4 | | 25-Apr-06 | | 7,943,828.90 | | 1,353,809.30 | | 9,297,638.20 | | 259,018,123.53 | | 0 | | 0 |
5 | | 25-May-06 | | 8,940,517.25 | | 1,307,631.41 | | 10,248,148.66 | | 250,077,606.28 | | 0 | | 0 |
6 | | 25-Jun-06 | | 9,920,461.22 | | 1,293,639.65 | | 11,214,100.86 | | 240,157,145.06 | | 0 | | 0 |
7 | | 25-Jul-06 | | 10,879,915.53 | | 1,209,051.13 | | 12,088,966.66 | | 229,277,229.53 | | 0 | | 0 |
8 | | 25-Aug-06 | | 11,815,162.89 | | 1,203,039.28 | | 13,018,202.17 | | 217,462,066.64 | | 0 | | 0 |
9 | | 25-Sep-06 | | 12,722,537.28 | | 1,128,741.09 | | 13,851,278.37 | | 204,739,529.36 | | 0 | | 0 |
10 | | 25-Oct-06 | | 13,598,447.64 | | 1,033,149.79 | | 14,631,597.43 | | 191,141,081.72 | | 0 | | 0 |
11 | | 25-Nov-06 | | 14,427,672.22 | | 990,508.48 | | 15,418,180.70 | | 176,713,409.50 | | 0 | | 0 |
12 | | 25-Dec-06 | | 14,141,159.13 | | 874,687.20 | | 15,015,846.33 | | 162,572,250.37 | | 0 | | 0 |
13 | | 25-Jan-07 | | 13,991,452.60 | | 832,453.01 | | 14,823,905.62 | | 148,580,797.76 | | 0 | | 0 |
14 | | 25-Feb-07 | | 13,693,952.29 | | 761,602.88 | | 14,455,555.17 | | 134,886,845.47 | | 0 | | 0 |
15 | | 25-Mar-07 | | 13,435,459.60 | | 625,065.64 | | 14,060,525.25 | | 121,451,385.87 | | 0 | | 0 |
16 | | 25-Apr-07 | | 13,181,958.02 | | 623,848.88 | | 13,805,806.89 | | 108,269,427.85 | | 0 | | 0 |
17 | | 25-May-07 | | 12,933,349.55 | | 538,730.63 | | 13,472,080.17 | | 95,336,078.31 | | 0 | | 0 |
18 | | 25-Jun-07 | | 12,689,538.15 | | 490,788.28 | | 13,180,326.43 | | 82,646,540.15 | | 0 | | 0 |
19 | | 25-Jul-07 | | 12,450,429.71 | | 412,089.42 | | 12,862,519.13 | | 70,196,110.44 | | 0 | | 0 |
20 | | 25-Aug-07 | | 12,215,931.95 | | 362,021.04 | | 12,577,952.99 | | 57,980,178.49 | | 0 | | 0 |
21 | | 25-Sep-07 | | 11,985,954.45 | | 299,329.60 | | 12,285,284.05 | | 45,994,224.04 | | 0 | | 0 |
22 | | 25-Oct-07 | | 11,760,408.57 | | 229,978.79 | | 11,990,387.36 | | 34,233,815.46 | | 0 | | 0 |
23 | | 25-Nov-07 | | 17,208,468.52 | | 177,039.80 | | 17,385,508.32 | | 17,025,346.94 | | 0 | | 0 |
24 | | 25-Dec-07 | | 17,025,346.94 | | 84,892.64 | | 17,110,239.57 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 19,654,084.92 | | 0 | | | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,362,733.12 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,232,209.86 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,353,809.30 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,307,631.41 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,293,639.65 | | 0 | | 0 | | 0 |
7 | | 25-Jul-06 | | 0 | | 0 | | 0 | | 1,209,051.13 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 1,203,039.28 | | 0 | | 0 | | 0 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 1,128,741.09 | | 0 | | 0 | | 0 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 1,033,149.79 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 990,508.48 | | 0 | | 0 | | 0 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 874,687.20 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 832,453.01 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 761,602.88 | | 0 | | 0 | | 0 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 625,065.64 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 623,848.88 | | 0 | | 0 | | 0 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 538,730.63 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 490,788.28 | | 0 | | 0 | | 0 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 412,089.42 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 362,021.04 | | 0 | | 0 | | 0 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 299,329.60 | | 0 | | 0 | | 0 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 229,978.79 | | 0 | | 0 | | 0 |
23 | | 25-Nov-07 | | 0 | | 0 | | 0 | | 177,039.80 | | 0 | | 0 | | 0 |
24 | | 25-Dec-07 | | 0 | | 0 | | 0 | | 84,892.64 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 0 | | 19,654,084.92 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.13 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,362,733.12 | | 5.6557 | | 5.6557 | | 6.9452 | | 25.3 | | 5.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,232,209.86 | | 5.7842 | | 5.7842 | | 7.6893 | | 25.5 | | 5.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,353,809.30 | | 5.8891 | | 5.8891 | | 6.9451 | | 25.74 | | 5.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,307,631.41 | | 6.0581 | | 6.0581 | | 7.1767 | | 26.01 | | 5.9281 |
6 | | 25-Jun-06 | | 0 | | 0 | | 1,293,639.65 | | 6.0073 | | 6.0073 | | 6.9452 | | 26.32 | | 5.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 1,209,051.13 | | 6.0413 | | 6.0413 | | 7.1769 | | 26.67 | | 5.9113 |
8 | | 25-Aug-06 | | 0 | | 0 | | 1,203,039.28 | | 6.0934 | | 6.0934 | | 6.9455 | | 27.06 | | 5.9634 |
9 | | 25-Sep-06 | | 0 | | 0 | | 1,128,741.09 | | 6.0277 | | 6.0277 | | 6.9457 | | 27.49 | | 5.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 1,033,149.79 | | 6.0554 | | 6.0554 | | 7.1775 | | 27.96 | | 5.9254 |
11 | | 25-Nov-06 | | 0 | | 0 | | 990,508.48 | | 6.0179 | | 6.0179 | | 6.9462 | | 28.48 | | 5.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 874,687.20 | | 5.9397 | | 5.9397 | | 7.1781 | | 29.01 | | 5.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 832,453.01 | | 5.9464 | | 5.9464 | | 6.9472 | | 29.56 | | 5.8164 |
14 | | 25-Feb-07 | | 0 | | 0 | | 761,602.88 | | 5.9526 | | 5.9526 | | 6.9477 | | 30.11 | | 5.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 625,065.64 | | 5.958 | | 5.958 | | 7.6928 | | 30.68 | | 5.828 |
16 | | 25-Apr-07 | | 0 | | 0 | | 623,848.88 | | 5.9651 | | 5.9651 | | 6.949 | | 31.25 | | 5.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 538,730.63 | | 5.971 | | 5.971 | | 7.1813 | | 31.84 | | 5.841 |
18 | | 25-Jun-07 | | 0 | | 0 | | 490,788.28 | | 5.9783 | | 5.9783 | | 6.9503 | | 32.43 | | 5.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 412,089.42 | | 5.9834 | | 5.9834 | | 7.1826 | | 33.04 | | 5.8534 |
20 | | 25-Aug-07 | | 0 | | 0 | | 362,021.04 | | 5.9891 | | 5.9891 | | 6.9516 | | 33.66 | | 5.8591 |
21 | | 25-Sep-07 | | 0 | | 0 | | 299,329.60 | | 5.9953 | | 5.9953 | | 6.9522 | | 34.29 | | 5.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 229,978.79 | | 6.0002 | | 6.0002 | | 7.1847 | | 34.93 | | 5.8702 |
23 | | 25-Nov-07 | | 0 | | 0 | | 177,039.80 | | 6.0056 | | 6.0056 | | 6.9536 | | 35.91 | | 5.8756 |
24 | | 25-Dec-07 | | 0 | | 0 | | 84,892.64 | | 5.9835 | | 5.9835 | | 8.3328 | | 100 | | 5.8535 |
FNLC 2005-4 Term Sheet Investor Request - CashflowsA-1
Assumptions
Forward LIBOR + 200bps
Prepay Assumption: Prepay Vector 2
No Losses
| | | | | | | | | | | | | | |
Period
| | Date
| | Principal
| | Interest
| | Cash Flow
| | Balance
| | Prepay Penalty
| | Princ Writedown
|
Total | | | | 284,325,000.00 | | 22,747,428.60 | | 307,072,428.60 | | | | 0 | | 0 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 284,325,000.00 | | 0 | | 0 |
1 | | 25-Jan-06 | | 4,513,696.40 | | 1,227,044.03 | | 5,740,740.43 | | 279,811,303.60 | | 0 | | 0 |
2 | | 25-Feb-06 | | 5,915,204.47 | | 1,603,681.75 | | 7,518,886.22 | | 273,896,099.13 | | 0 | | 0 |
3 | | 25-Mar-06 | | 6,934,146.70 | | 1,445,240.16 | | 8,379,386.86 | | 266,961,952.42 | | 0 | | 0 |
4 | | 25-Apr-06 | | 7,943,828.90 | | 1,583,693.20 | | 9,527,522.10 | | 259,018,123.53 | | 0 | | 0 |
5 | | 25-May-06 | | 8,940,517.25 | | 1,523,479.85 | | 10,463,997.10 | | 250,077,606.28 | | 0 | | 0 |
6 | | 25-Jun-06 | | 9,920,461.22 | | 1,508,984.25 | | 11,429,445.47 | | 240,157,145.06 | | 0 | | 0 |
7 | | 25-Jul-06 | | 10,879,915.53 | | 1,409,182.09 | | 12,289,097.62 | | 229,277,229.53 | | 0 | | 0 |
8 | | 25-Aug-06 | | 11,815,162.89 | | 1,400,472.45 | | 13,215,635.34 | | 217,462,066.64 | | 0 | | 0 |
9 | | 25-Sep-06 | | 12,722,537.28 | | 1,316,000.09 | | 14,038,537.37 | | 204,739,529.36 | | 0 | | 0 |
10 | | 25-Oct-06 | | 13,598,447.64 | | 1,203,766.06 | | 14,802,213.70 | | 191,141,081.72 | | 0 | | 0 |
11 | | 25-Nov-06 | | 14,427,672.22 | | 1,155,102.19 | | 15,582,774.41 | | 176,713,409.50 | | 0 | | 0 |
12 | | 25-Dec-06 | | 14,141,159.13 | | 1,021,948.37 | | 15,163,107.50 | | 162,572,250.37 | | 0 | | 0 |
13 | | 25-Jan-07 | | 13,991,452.60 | | 972,445.79 | | 14,963,898.39 | | 148,580,797.76 | | 0 | | 0 |
14 | | 25-Feb-07 | | 13,693,952.29 | | 889,547.46 | | 14,583,499.75 | | 134,886,845.47 | | 0 | | 0 |
15 | | 25-Mar-07 | | 13,435,459.60 | | 729,977.63 | | 14,165,437.24 | | 121,451,385.87 | | 0 | | 0 |
16 | | 25-Apr-07 | | 13,181,958.02 | | 728,432.01 | | 13,910,390.03 | | 108,269,427.85 | | 0 | | 0 |
17 | | 25-May-07 | | 12,933,349.55 | | 628,955.15 | | 13,562,304.70 | | 95,336,078.31 | | 0 | | 0 |
18 | | 25-Jun-07 | | 12,689,538.15 | | 572,883.23 | | 13,262,421.39 | | 82,646,540.15 | | 0 | | 0 |
19 | | 25-Jul-07 | | 12,450,429.71 | | 480,961.54 | | 12,931,391.25 | | 70,196,110.44 | | 0 | | 0 |
20 | | 25-Aug-07 | | 12,215,931.95 | | 422,467.69 | | 12,638,399.64 | | 57,980,178.49 | | 0 | | 0 |
21 | | 25-Sep-07 | | 11,985,954.45 | | 349,256.97 | | 12,335,211.43 | | 45,994,224.04 | | 0 | | 0 |
22 | | 25-Oct-07 | | 11,760,408.57 | | 268,307.31 | | 12,028,715.88 | | 34,233,815.46 | | 0 | | 0 |
23 | | 25-Nov-07 | | 17,208,468.52 | | 206,518.92 | | 17,414,987.44 | | 17,025,346.94 | | 0 | | 0 |
24 | | 25-Dec-07 | | 17,025,346.94 | | 99,080.43 | | 17,124,427.36 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | |
Period
| | Date
| | Accum Princ Writedown
| | Gross Writedown
| | Accum Gross Writedown
| | Accrued Interest
| | Interest Shortfall
| | Accum Interest Shortfall
| | Couponcap Shortfall
|
Total | | | | | | 0 | | | | 22,747,428.60 | | 0 | | | | 80,269.32 |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 |
1 | | 25-Jan-06 | | 0 | | 0 | | 0 | | 1,227,044.03 | | 0 | | 0 | | 0 |
2 | | 25-Feb-06 | | 0 | | 0 | | 0 | | 1,603,681.75 | | 0 | | 0 | | 0 |
3 | | 25-Mar-06 | | 0 | | 0 | | 0 | | 1,445,240.16 | | 0 | | 0 | | 0 |
4 | | 25-Apr-06 | | 0 | | 0 | | 0 | | 1,583,693.20 | | 0 | | 0 | | 0 |
5 | | 25-May-06 | | 0 | | 0 | | 0 | | 1,523,479.85 | | 0 | | 0 | | 0 |
6 | | 25-Jun-06 | | 0 | | 0 | | 0 | | 1,508,984.25 | | 0 | | 0 | | 13,363.51 |
7 | | 25-Jul-06 | �� | 0 | | 0 | | 0 | | 1,409,182.09 | | 0 | | 0 | | 0 |
8 | | 25-Aug-06 | | 0 | | 0 | | 0 | | 1,400,472.45 | | 0 | | 0 | | 29,198.88 |
9 | | 25-Sep-06 | | 0 | | 0 | | 0 | | 1,316,000.09 | | 0 | | 0 | | 15,354.67 |
10 | | 25-Oct-06 | | 0 | | 0 | | 0 | | 1,203,766.06 | | 0 | | 0 | | 0 |
11 | | 25-Nov-06 | | 0 | | 0 | | 0 | | 1,155,102.19 | | 0 | | 0 | | 11,796.60 |
12 | | 25-Dec-06 | | 0 | | 0 | | 0 | | 1,021,948.37 | | 0 | | 0 | | 0 |
13 | | 25-Jan-07 | | 0 | | 0 | | 0 | | 972,445.79 | | 0 | | 0 | | 0 |
14 | | 25-Feb-07 | | 0 | | 0 | | 0 | | 889,547.46 | | 0 | | 0 | | 620.89 |
15 | | 25-Mar-07 | | 0 | | 0 | | 0 | | 729,977.63 | | 0 | | 0 | | 0 |
16 | | 25-Apr-07 | | 0 | | 0 | | 0 | | 728,432.01 | | 0 | | 0 | | 1,682.87 |
17 | | 25-May-07 | | 0 | | 0 | | 0 | | 628,955.15 | | 0 | | 0 | | 0 |
18 | | 25-Jun-07 | | 0 | | 0 | | 0 | | 572,883.23 | | 0 | | 0 | | 2,299.72 |
19 | | 25-Jul-07 | | 0 | | 0 | | 0 | | 480,961.54 | | 0 | | 0 | | 0 |
20 | | 25-Aug-07 | | 0 | | 0 | | 0 | | 422,467.69 | | 0 | | 0 | | 2,267.84 |
21 | | 25-Sep-07 | | 0 | | 0 | | 0 | | 349,256.97 | | 0 | | 0 | | 2,150.10 |
22 | | 25-Oct-07 | | 0 | | 0 | | 0 | | 268,307.31 | | 0 | | 0 | | 0 |
23 | | 25-Nov-07 | | 0 | | 0 | | 0 | | 206,518.92 | | 0 | | 0 | | 1,534.24 |
24 | | 25-Dec-07 | | 0 | | 0 | | 0 | | 99,080.43 | | 0 | | 0 | | 0 |
| | | | | | | | | | | | | | | | | | |
Period
| | Date
| | Couponcap Accum Shortfall
| | Couponcap Shortfall Payback
| | Capped Optimal Interest
| | Coupon
| | Effective Coupon
| | Couponcap Rate
| | Credit Support
| | LIBOR_1MO
|
Total | | | | | | 80,269.32 | | 22,667,159.28 | | | | | | | | | | |
0 | | 22-Dec-05 | | 0 | | 0 | | 0 | | | | | | | | 0 | | |
1 | | 25-Jan-06 | | 0 | | 0 | | 1,227,044.03 | | 4.5695 | | 4.5695 | | 5.5717 | | 25.13 | | 4.4395 |
2 | | 25-Feb-06 | | 0 | | 0 | | 1,603,681.75 | | 6.6557 | | 6.6557 | | 6.9452 | | 25.3 | | 6.5257 |
3 | | 25-Mar-06 | | 0 | | 0 | | 1,445,240.16 | | 6.7842 | | 6.7842 | | 7.6893 | | 25.5 | | 6.6542 |
4 | | 25-Apr-06 | | 0 | | 0 | | 1,583,693.20 | | 6.8891 | | 6.8891 | | 6.9451 | | 25.74 | | 6.7591 |
5 | | 25-May-06 | | 0 | | 0 | | 1,523,479.85 | | 7.0581 | | 7.0581 | | 7.1767 | | 26.01 | | 6.9281 |
6 | | 25-Jun-06 | | 0 | | 13,363.51 | | 1,495,620.74 | | 7.0073 | | 7.0073 | | 6.9452 | | 26.32 | | 6.8773 |
7 | | 25-Jul-06 | | 0 | | 0 | | 1,409,182.09 | | 7.0413 | | 7.0413 | | 7.1769 | | 26.67 | | 6.9113 |
8 | | 25-Aug-06 | | 0 | | 29,198.88 | | 1,371,273.57 | | 7.0934 | | 7.0934 | | 6.9455 | | 27.06 | | 6.9634 |
9 | | 25-Sep-06 | | 0 | | 15,354.67 | | 1,300,645.42 | | 7.0277 | | 7.0277 | | 6.9457 | | 27.49 | | 6.8977 |
10 | | 25-Oct-06 | | 0 | | 0 | | 1,203,766.06 | | 7.0554 | | 7.0554 | | 7.1775 | | 27.96 | | 6.9254 |
11 | | 25-Nov-06 | | 0 | | 11,796.60 | | 1,143,305.59 | | 7.0179 | | 7.0179 | | 6.9462 | | 28.48 | | 6.8879 |
12 | | 25-Dec-06 | | 0 | | 0 | | 1,021,948.37 | | 6.9397 | | 6.9397 | | 7.1781 | | 29.01 | | 6.8097 |
13 | | 25-Jan-07 | | 0 | | 0 | | 972,445.79 | | 6.9464 | | 6.9464 | | 6.9472 | | 29.56 | | 6.8164 |
14 | | 25-Feb-07 | | 0 | | 620.89 | | 888,926.56 | | 6.9526 | | 6.9526 | | 6.9477 | | 30.11 | | 6.8226 |
15 | | 25-Mar-07 | | 0 | | 0 | | 729,977.63 | | 6.958 | | 6.958 | | 7.6928 | | 30.68 | | 6.828 |
16 | | 25-Apr-07 | | 0 | | 1,682.87 | | 726,749.15 | | 6.9651 | | 6.9651 | | 6.949 | | 31.25 | | 6.8351 |
17 | | 25-May-07 | | 0 | | 0 | | 628,955.15 | | 6.971 | | 6.971 | | 7.1813 | | 31.84 | | 6.841 |
18 | | 25-Jun-07 | | 0 | | 2,299.72 | | 570,583.51 | | 6.9783 | | 6.9783 | | 6.9503 | | 32.43 | | 6.8483 |
19 | | 25-Jul-07 | | 0 | | 0 | | 480,961.54 | | 6.9834 | | 6.9834 | | 7.1826 | | 33.04 | | 6.8534 |
20 | | 25-Aug-07 | | 0 | | 2,267.84 | | 420,199.84 | | 6.9891 | | 6.9891 | | 6.9516 | | 33.66 | | 6.8591 |
21 | | 25-Sep-07 | | 0 | | 2,150.10 | | 347,106.87 | | 6.9953 | | 6.9953 | | 6.9522 | | 34.29 | | 6.8653 |
22 | | 25-Oct-07 | | 0 | | 0 | | 268,307.31 | | 7.0002 | | 7.0002 | | 7.1847 | | 34.93 | | 6.8702 |
23 | | 25-Nov-07 | | 0 | | 1,534.24 | | 204,984.68 | | 7.0056 | | 7.0056 | | 6.9536 | | 35.91 | | 6.8756 |
24 | | 25-Dec-07 | | 0 | | 0 | | 99,080.43 | | 6.9835 | | 6.9835 | | 8.3328 | | 100 | | 6.8535 |