Exhibit 99.1 ACCESS FINANCIAL MORTGAGE LOAN TRUST 1997-2 Mortgage Loan Pass-Through Certificates, Series 1997-2 Class A Certificates ACCESS 1997-2 [$185,188,000] --------------------------------------------- $[39,812,000] Class A-1 Variable-Rate Certificates - 1M LIBOR + []bp $[21,165,000] Class A-2 Fixed-Rate Certificates - []% $[10,000,000] Class A-3 Fixed-Rate Certificates - []% $[ 8,175,000] Class A-4 Fixed-Rate Certificates - []% $[10,000,000] Class A-5 Fixed-Rate Certificates - []% $[96,036,000] Class A-6 Variable-Rate Certificates - 1M LIBOR + []bp The information herein has been provided solely by PSI based on information with respect to the mortgage loans provided by the Access Financial Lending Corp. and its affiliates ("ACCESS"). Neither PSI nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary and will be superseded by the prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission ("SEC"). All assumptions and information in this report reflect PSI's judgment as of this date and are subject to change. All analyses are based on certain assumptions noted herein and different assumptions could yield substantially different results. You are cautioned that there is no universally accepted method for analyzing financial instruments. You should review the assumptions; there may be differences between these assumptions and your actual business practices. Further, PSI does not guarantee any results and there is no guarantee as to the liquidity of the instruments involved in this analysis. The decision to adopt any strategy remains your responsibility. PSI (or any of its affiliates) or their officers, directors, analysts or employees may have positions in securities, commodities or derivative instruments thereon referred to here, and may, as principal or agent, buy or sell such securities, commodities or derivative instruments. In addition, PSI may make a market in the securities referred to herein. Neither the information nor the assumptions reflected herein shall be construed to be, or constitute, an offer to sell or buy or a solicitation of an offer to sell or buy any securities, commodities or derivative instruments mentioned herein. No sale of any securities, commodities or derivative instruments should be consumated without the purchaser first having received a prospectus and, if required, prospectus supplement. Finally, PSI has not addressed the legal, accounting and tax implications of the analysis with respect to you, and PSI strongly urges you to seek advice from your counsel, accountant and tax advisor. ACCESS FINANCIAL MORTGAGE LOAN TRUST 1997-2 Mortgage Loan Pass-Through Certificates, Series 1997-2 Class A Certificates - ------------------------------------------------------------------------------- GROUP I CLASS A GROUP I CERTIFICATES Class A-1 Class A-2 Class A-3 Class A-4 Class A-5 NAS Variable-Rate Fixed-Rate Fixed-Rate Fixed-Rate Fixed-Rate --------- --------- --------- --------- ---------- Approximate Face Amount: $[39,812,000] $[21,165,000] $[10,000,000] $[8,175,000] $[10,000,000] Avg Life: [1.05]yrs [3.05]yrs [5.30]yrs [10.00]yrs [7.00]yrs Avg Life to Call: [1.05]yrs [3.06]yrs [5.30]yrs [7.72]yrs [6.33]yrs Coupon: 1M L +[]bps* [.%] [.%] [.%] []% Price: [-] [-] [-] [-] [-] Yield (CBE): [] [.]% [.]% [.]% [.]% Spread (bps): [.] [] [] [] [] Pricing Spd: [24]% HEP [24]% HEP [24]% HEP [24]% HEP [24]% HEP Settlement: [5/29/97] [5/29/97] [5/29/97] [5/29/97] [5/29/97] 1st Payment (years): [06/18/97] [07/18/99] [08/18/01] [02/18/04] [06/18/00] Exp. Mat: [07/18/99] [08/18/01] [02/18/04] [04/18/12] [03/18/12] Exp. Mat to Call: [07/18/99] [08/18/01] [02/18/04] [04/18/05] [04/18/05] Final Mat: [03/18/12] [06/18/16] [10/18/23] [06/18/27] [06/18/27] Day Count: Actual/360 30/360 30/360 30/360 30/360 Pymt Delay: 0 days 16 days 16 days 16 days 16 days Dated Date: 5/29/97 5/02/97 5/02/97 5/02/97 5/02/97 Pymt Terms: Monthly Monthly Monthly Monthly Monthly 1st Pymt Date: 6/18/97 6/18/97 6/18/97 6/18/97 6/18/97 *Pass-Through Rate is the lesser of: 1) One Month LIBOR + [.]bps 2) The Available Funds Cap Available Funds Cap: A rate equal to the weighted average gross coupon rate less [0.69%] for servicing fees, trustee fees and certificate insurer premiums for the Group I fixed-rate mortgage loans for such Payment Date. Class A-5 Principal Distribution Amount: Class A-5 is a Non-Accelerated Senior (NAS) class. The Class A-5 Principal Distribution Amount is the applicable Class A-5 Principal Percentage multiplied by the Class A-5 Principal Pro Rata Distribution Amount for such payment date. Class A-5 Principal Percentage ------------------------------- Month 0 - 36: 0% Month 37 - 60: 45% Month 61 - 72: 80% Month 73 - 84: 100% Month 85 - end: 140% THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. ACCESS FINANCIAL MORTGAGE LOAN TRUST 1997-2 Mortgage Loan Pass-Through Certificates, Series 1997-2 Class A Certificates - -------------------------------------------------------------------------------- GROUP II CLASS A GROUP II CERTIFICATES Class A-6 Variable-Rate ------------- Approximate Face Amount: [$96,036,000] Average Life to Mat: [3.03] years Average Life to Call: [2.81] years Pass-Through Rate: The lesser of: 1) One Month LIBOR + [] bps 2) The Available Funds Cap Price: [100-00] Yield: Variable Pricing Speed: [26%] CPR Settlement: [5/29/97] 1st Payment (years): [06/18/97] Exp Maturity: [05/18/14] Exp Maturity to Call: [04/18/05] Final Maturity: [05/18/27] Day Count: actual/360 Payment Delay: 0 days. Dated Date: [5/29/97] Payment Terms: Monthly. 1st Payment Date: [6/18/97] Available Funds Cap: A rate equal to the weighted average gross coupon rate minus the [0.69%] for servicing fees, trustee fees and certificate insurer premiums and [0.50]% for insurance cushion beginning in month 13 for the Group II adjustable-rate mortgage loans for such Payment Date. Shortfall Reimbursement: If on any Payment Date the Class A-6 Certificate interest distribution amount is less than the Pass-Through Rate, the amount of such shortfall and the aggregate of such shortfalls from previous payment dates together with accrued interest at the Pass-Through Rate will be carried forward to the next Payment Date until paid. No interest carryforward will be paid once the Class A-6 Certificate principal balance has been reduced to zero. The shortfall reimbursement feature will NOT be insured by the FSA guarantee. THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. ACCESS FINANCIAL MORTGAGE LOAN TRUST 1997-2 Mortgage Loan Pass-Through Certificates, Series 1997-2 Class A Certificates Title of Securities: Access Financial Mortgage Loan Trust 1997-2, Mortgage Loan Pass-Through Certificates, Series 1997-2 Group I: Class A-1, A-2, A-3, A-4 and A-5 (the "Group I Certificates"). Group II: Class A-6 (the "Group II Certificates"). Company/ Master Servicer: Access Financial Lending Corp. ("Access"). Transferor: Access Financial Receivables Corp. Sub-Servicer: LSI Financial Group Master Servicer Fee: 45 bps per annum (if Access is not the Master Servicer, then 50 bps per annum).**** Trustee: The Chase Manhattan Bank, N.A. Aggregate Certificate Balance: Group I $[89,152,000.00] Group II $[96,036,000.00] Pricing Date: [May [], 1997] Settlement Date: [May 29, 1997] Payment Date: The 18th day of each month (or, if such date is not a business day, the next succeeding business day) commencing June 18, 1997. Record Date: -Class A-2, A-3, A-4 and A-5 - The first day of the calendar month of the related Payment Date. -Class A-1 and A-6 - The day preceding the related Payment Date. Interest Accrual: -Class A-2, A-3, A-4 and A-5 - The second day of the calendar month preceding the related Payment Date to the first day of the calendar month of the related Payment Date, based on a 30/360 day count. -Class A-1 and A-6 - The previous month's Payment Date to the day preceding the related Payment Date, based on an actual/360 day count. Form of Certificates: Book-entry only through the same-day funds facilities of DTC, Euroclear and CEDEL. Denominations: Minimum denominations of $1,000 and integral multiples of $1,000 in excess thereof. Prepayment Assumption: For the Group I Certificates, [24]% HEP ([2.4]% CPR in month 1 with monthly incremental increases of [2.4]% CPR until the speed reaches [24]% CPR in month 10 based on loan seasoning.) For the Group II Certificates, [26]% CPR. THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. ACCESS FINANCIAL MORTGAGE LOAN TRUST 1997-2 Mortgage Loan Pass-Through Certificates, Series 1997-2 Class A Certificates Class A-5 Principal Distribution Amount: Class A-5 is a Non-Accelerated Senior (NAS) class. The Class A-5 Principal Distribution Amount is the applicable Class A-5 Principal Percentage multiplied by the Class A-5 Principal Pro Rata Distribution Amount for such payment date. Class A-5 Principal Percentage ------------------------------- Month 0 - 36: 0% Month 37 - 60: 45% Month 61 - 72: 80% Month 73 - 84: 100% Month 85 - end: 140% Credit Enhancement: A combination of: - Excess monthly cash flow - Overcollateralization - Cross-collateralization - 100% wrap from FSA guaranteeing timely interest and ultimate principal. Certificate Insurer: Financial Security Assurance Inc. ("FSA"). FSA's claims-paying ability is rated AAA/Aaa by Standard & Poor's ("S&P") and Moody's Investors Service ("Moody's"), respectively. Certificate Ratings: The Class A Certificates will be rated AAA by S&P and Aaa by Moody's. 10% Clean-up Call: The Company has the option to excercise a call at par plus accrued interest when the outstanding Pool Balance equals 10% or less of the original Pool Balance. Auction Call: If the Company does not exercise the 10% Clean-up Call, the Trustee will hold an Auction Call and solicit bids to purchase the mortgage loans when the outstanding Pool Balance has declined to 10% of the original Pool Balance. This call will be exercised at no less than par plus accrued interest. ERISA Consideration: The Class A Certificates will be ERISA eligible. However, investors should consult with their counsel with respect to the consequences under ERISA and the Internal Revenue Code of the Plan's acquisition and ownership of such Certificates. SMMEA Considerations: The Class A Certificates will not be SMMEA eligible. Taxation: REMIC. Prospectus: The Certificates are being offered pursuant to a Prospectus which includes a Prospectus Supplement (together, the "Prospectus"). Complete information with respect to the Certificates and the Collateral is contained in the Prospectus. The foregoing is qualified in its entirety by the information appearing in the Prospectus. To the extent that the foregoing is inconsistent with the Prospectus, the Prospectus shall govern in all respects. Sales of the Certificates may not be consumated unless the purchaser has received the Prospectus. Further Information: Call PSI's ABS trading desk at (212) 778-2741, Sean Arnold (212) 778-4921, Sean Low (212) 778-2581, Lina Hsu (212) 778-1451 with any questions. THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:56:18 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated Deal ID/CUSIP AFMLT72 Coupon * Cap Flr 0.00 Class A1 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 100-00 Inc 0.5 Table DMrg Act/360 Roll@ FIXED HEP 24.00 HEP 15.00 HEP 18.00 HEP 20.00 HEP 27.00 HEP 30.00 HEP 33.00 Price ARMS CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-28+ 19.697 16.316 17.479 18.232 20.760 21.791 22.802 99-29 18.168 15.270 16.267 16.912 19.079 19.963 20.829 99-29+ 16.639 14.225 15.055 15.593 17.398 18.135 18.857 99-30 15.110 13.179 13.843 14.274 15.718 16.307 16.884 99-30+ 13.582 12.134 12.632 12.955 14.038 14.480 14.913 99-31 12.055 11.089 11.421 11.636 12.358 12.653 12.941 99-31+ 10.527 10.044 10.210 10.318 10.679 10.826 10.970 100-00 9.000 9.000 9.000 9.000 9.000 9.000 9.000 100-00+ 7.473 7.956 7.790 7.682 7.321 7.174 7.030 100-01 5.947 6.912 6.580 6.365 5.643 5.349 5.060 100-01+ 4.421 5.868 5.370 5.048 3.965 3.524 3.091 100-02 2.895 4.824 4.161 3.731 2.288 1.700 1.122 100-02+ 1.370 3.781 2.952 2.415 0.611 -0.125 -0.846 100-03 -0.156 2.738 1.743 1.098 -1.066 -1.948 -2.814 100-03+ -1.680 1.695 0.535 -0.217 -2.742 -3.772 -4.781 Avg. Life 1.050 1.570 1.341 1.226 0.951 0.871 0.805 Mod. Dur. 0.982 1.437 1.240 1.138 0.893 0.820 0.760 1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053 Last Pmt. 2.136 3.386 2.803 2.553 1.886 1.719 1.553 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:56:42 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated Deal ID/CUSIP AFMLT72 Coupon N/A Class A2 CUR Accr 0.51750 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 99-31 Inc 0.5 Table Yield Roll@ FIXED HEP 24.00 HEP 15.00 HEP 18.00 HEP 20.00 HEP 27.00 HEP 30.00 HEP 33.00 Price ARMS CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-27+ 6.937 6.959 6.952 6.947 6.930 6.922 6.914 99-28 6.931 6.956 6.948 6.942 6.923 6.915 6.906 99-28+ 6.926 6.952 6.943 6.937 6.917 6.907 6.898 99-29 6.920 6.948 6.939 6.932 6.910 6.900 6.890 99-29+ 6.914 6.944 6.934 6.927 6.903 6.893 6.882 99-30 6.908 6.941 6.930 6.923 6.897 6.886 6.874 99-30+ 6.902 6.937 6.925 6.918 6.890 6.878 6.866 99-31 6.896 6.933 6.921 6.913 6.884 6.871 6.858 99-31+ 6.890 6.929 6.916 6.908 6.877 6.864 6.850 100-00 6.885 6.925 6.912 6.903 6.871 6.856 6.842 100-00+ 6.879 6.922 6.907 6.898 6.864 6.849 6.834 100-01 6.873 6.918 6.903 6.893 6.857 6.842 6.826 100-01+ 6.867 6.914 6.898 6.888 6.851 6.834 6.818 100-02 6.861 6.910 6.894 6.883 6.844 6.827 6.810 100-02+ 6.855 6.906 6.890 6.878 6.838 6.820 6.802 Avg. Life 3.048 5.057 4.153 3.706 2.685 2.395 2.161 Mod. Dur. 2.651 4.103 3.476 3.150 2.365 2.131 1.939 1st Pmt. 2.136 3.386 2.803 2.553 1.886 1.719 1.553 Last Pmt. 4.219 7.386 5.969 5.219 3.719 3.303 2.886 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:56:53 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated Deal ID/CUSIP AFMLT72 Coupon N/A Class A3 CUR Accr 0.54000 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 99-30 Inc 0.5 Table Yield Roll@ FIXED HEP 24.00 HEP 15.00 HEP 18.00 HEP 20.00 HEP 27.00 HEP 30.00 HEP 33.00 Price ARMS CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-26+ 7.274 7.286 7.283 7.280 7.269 7.264 7.259 99-27 7.270 7.284 7.280 7.277 7.265 7.260 7.254 99-27+ 7.266 7.282 7.277 7.274 7.261 7.255 7.249 99-28 7.263 7.279 7.274 7.271 7.257 7.250 7.244 99-28+ 7.259 7.277 7.272 7.268 7.252 7.246 7.239 99-29 7.255 7.275 7.269 7.265 7.248 7.241 7.233 99-29+ 7.252 7.272 7.266 7.262 7.244 7.236 7.228 99-30 7.248 7.270 7.263 7.259 7.240 7.232 7.223 99-30+ 7.244 7.268 7.261 7.255 7.236 7.227 7.218 99-31 7.241 7.265 7.258 7.252 7.231 7.222 7.213 99-31+ 7.237 7.263 7.255 7.249 7.227 7.218 7.207 100-00 7.233 7.261 7.252 7.246 7.223 7.213 7.202 100-00+ 7.229 7.258 7.250 7.243 7.219 7.208 7.197 100-01 7.226 7.256 7.247 7.240 7.215 7.204 7.192 100-01+ 7.222 7.254 7.244 7.237 7.211 7.199 7.187 Avg. Life 5.254 9.472 7.650 6.681 4.522 3.965 3.511 Mod. Dur. 4.218 6.611 5.661 5.107 3.724 3.329 2.994 1st Pmt. 4.219 7.386 5.969 5.219 3.719 3.303 2.886 Last Pmt. 6.719 12.053 9.969 8.719 5.636 4.803 4.303 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:57:36 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated Deal ID/CUSIP AFMLT72 Coupon N/A Class A4 CUR Accr 0.56963 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 100-00 Inc 0.5 Table Yield Roll@ **** TO MATURITY ******* FIXED HEP 24.00 HEP 15.00 HEP 18.00 HEP 20.00 HEP 27.00 HEP 30.00 HEP 33.00 Price ARMS CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-28+ 7.682 7.689 7.688 7.686 7.678 7.673 7.667 99-29 7.680 7.688 7.686 7.684 7.675 7.670 7.664 99-29+ 7.677 7.686 7.684 7.682 7.673 7.667 7.661 99-30 7.675 7.684 7.682 7.680 7.670 7.664 7.657 99-30+ 7.673 7.682 7.680 7.678 7.668 7.661 7.654 99-31 7.670 7.680 7.678 7.676 7.665 7.658 7.651 99-31+ 7.668 7.679 7.676 7.674 7.662 7.655 7.647 100-00 7.666 7.677 7.674 7.672 7.660 7.653 7.644 100-00+ 7.663 7.675 7.672 7.670 7.657 7.650 7.641 100-01 7.661 7.673 7.670 7.667 7.655 7.647 7.637 100-01+ 7.659 7.671 7.668 7.665 7.652 7.644 7.634 100-02 7.656 7.669 7.666 7.663 7.649 7.641 7.631 100-02+ 7.654 7.668 7.664 7.661 7.647 7.638 7.627 100-03 7.652 7.666 7.662 7.659 7.644 7.635 7.624 100-03+ 7.649 7.664 7.660 7.657 7.642 7.632 7.621 Avg. Life 9.993 14.786 13.136 12.052 8.572 7.287 6.183 Mod. Dur. 6.660 8.543 7.975 7.556 5.967 5.293 4.671 1st Pmt. 6.719 12.053 9.969 8.719 5.636 4.803 4.303 Last Pmt. 14.886 21.969 19.136 17.553 14.803 14.136 12.803 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:57:14 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / Yield Tables Incorporated Deal ID/CUSIP AFMLT72 Coupon N/A Class A5 NAS Accr 0.53812 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 99-31 Inc 0.5 Table Yield Roll@ **** TO MATURITY ******* FIXED HEP 24.00 HEP 15.00 HEP 18.00 HEP 20.00 HEP 27.00 HEP 30.00 HEP 33.00 Price ARMS CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 CPR 26.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-27+ 7.249 7.253 7.251 7.250 7.248 7.246 7.245 99-28 7.246 7.250 7.249 7.248 7.244 7.243 7.242 99-28+ 7.243 7.247 7.246 7.245 7.241 7.240 7.239 99-29 7.240 7.245 7.243 7.242 7.238 7.237 7.235 99-29+ 7.237 7.242 7.240 7.239 7.235 7.234 7.232 99-30 7.234 7.240 7.238 7.236 7.232 7.230 7.229 99-30+ 7.231 7.237 7.235 7.233 7.229 7.227 7.225 99-31 7.228 7.234 7.232 7.231 7.226 7.224 7.222 99-31+ 7.225 7.232 7.229 7.228 7.223 7.221 7.219 100-00 7.222 7.229 7.226 7.225 7.220 7.217 7.215 100-00+ 7.219 7.226 7.224 7.222 7.217 7.214 7.212 100-01 7.216 7.224 7.221 7.219 7.213 7.211 7.209 100-01+ 7.213 7.221 7.218 7.216 7.210 7.208 7.206 100-02 7.210 7.218 7.215 7.214 7.207 7.205 7.202 100-02+ 7.207 7.216 7.213 7.211 7.204 7.201 7.199 Avg. Life 7.001 8.349 7.821 7.521 6.666 6.372 6.116 Mod. Dur. 5.193 5.880 5.618 5.465 5.013 4.851 4.705 1st Pmt. 3.053 3.053 3.053 3.053 3.053 3.053 3.053 Last Pmt. 14.803 21.969 19.053 14.803 14.803 14.136 12.803 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:58:40 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated Deal ID/CUSIP AFMLT72 Coupon * Cap Flr 0.00 Class A6 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 100-00 Inc 0.5 Table DMrg Act/360 Roll@ ****** TO 10% CALL ******* FIXED HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 Price ARMS CPR 26.00 CPR 15.00 CPR 18.00 CPR 22.00 CPR 30.00 CPR 33.00 CPR 36.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-28+ 27.431 25.839 26.265 26.842 28.049 28.535 29.040 99-29 26.797 25.433 25.798 26.293 27.327 27.743 28.177 99-29+ 26.164 25.028 25.332 25.744 26.606 26.952 27.313 99-30 25.531 24.622 24.865 25.195 25.884 26.161 26.450 99-30+ 24.898 24.216 24.399 24.646 25.163 25.371 25.587 99-31 24.265 23.811 23.932 24.097 24.442 24.580 24.725 99-31+ 23.632 23.405 23.466 23.548 23.721 23.790 23.862 100-00 23.000 23.000 23.000 23.000 23.000 23.000 23.000 100-00+ 22.368 22.595 22.534 22.452 22.280 22.210 22.138 100-01 21.736 22.190 22.068 21.904 21.559 21.421 21.277 100-01+ 21.104 21.785 21.603 21.356 20.839 20.631 20.415 100-02 20.472 21.380 21.137 20.808 20.119 19.842 19.554 100-02+ 19.841 20.975 20.672 20.260 19.400 19.054 18.693 100-03 19.209 20.571 20.206 19.713 18.680 18.265 17.833 100-03+ 18.578 20.166 19.741 19.166 17.961 17.477 16.972 Avg. Life 2.806 4.723 3.993 3.301 2.423 2.189 1.988 Mod. Dur. 2.373 3.704 3.221 2.737 2.082 1.899 1.740 1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053 Last Pmt. 04/18/05 06/18/08 03/18/07 01/18/06 09/18/04 05/18/04 02/18/04 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. Financial Strategies 05/22/97 09:58:10 am Prudential Securities Group IMPACT CMO/ABS Analytics - Price / DMrg Act/360 Incorporated Deal ID/CUSIP AFMLT72 Coupon * Cap Flr 0.00 Class A6 FLT CUR LIBOR-1M+TBA Accr 0.00000 1st Pmt 06/18/97 Collateral 100%WL (Real) Factor on / / N/GWAC (Orig) / (10.443/10.893) LIBOR-1M 5.68750 WAM (Orig) (28.317) Mat N/A Settle 05/29/97 CenterPrice 100-00 Inc 0.5 Table DMrg Act/360 Roll@ **** TO MATURITY ******* FIXED HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 HEP 24.00 Price ARMS CPR 26.00 CPR 15.00 CPR 18.00 CPR 22.00 CPR 30.00 CPR 33.00 CPR 36.00 ----- --------- --------- --------- --------- --------- --------- --------- 99-28+ 27.221 25.645 26.051 26.620 27.860 28.366 28.898 99-29 26.618 25.267 25.615 26.102 27.165 27.599 28.054 99-29+ 26.014 24.889 25.179 25.585 26.470 26.832 27.211 99-30 25.411 24.511 24.743 25.067 25.776 26.065 26.369 99-30+ 24.808 24.133 24.307 24.550 25.081 25.298 25.526 99-31 24.205 23.755 23.871 24.033 24.387 24.532 24.684 99-31+ 23.602 23.378 23.435 23.517 23.694 23.766 23.842 100-00 23.000 23.000 23.000 23.000 23.000 23.000 23.000 100-00+ 22.398 22.623 22.565 22.484 22.307 22.234 22.159 100-01 21.796 22.245 22.130 21.967 21.613 21.469 21.317 100-01+ 21.194 21.868 21.694 21.451 20.921 20.704 20.476 100-02 20.592 21.491 21.260 20.935 20.228 19.939 19.636 100-02+ 19.991 21.114 20.825 20.419 19.535 19.175 18.795 100-03 19.389 20.737 20.390 19.904 18.843 18.410 17.955 100-03+ 18.788 20.361 19.956 19.388 18.151 17.646 17.115 Avg. Life 3.027 5.398 4.500 3.641 2.567 2.291 2.059 Mod. Dur. 2.491 3.976 3.447 2.905 2.163 1.959 1.782 1st Pmt. 0.053 0.053 0.053 0.053 0.053 0.053 0.053 Last Pmt. 16.969 26.303 23.636 19.969 14.469 12.969 11.719 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. AV FUNDS SCHEDULE FOR CLASS A6 NET FUNDS CAP = GROUP II GROSS WAC - 45BP SERVICE FEE - 23BP FSA FEE - 1BP TRUSTEE FEE - 50BP SPREAD CUSHION STARTING MTH 13 DATE NET FUNDS CAP ------ ------------- 6 97 9.552 7 97 9.564 8 97 9.617 9 97 9.768 10 97 9.918 11 97 10.045 12 97 10.100 1 98 10.112 2 98 10.165 3 98 10.316 4 98 10.467 5 98 10.593 6 98 10.149 7 98 10.149 8 98 10.184 9 98 10.295 10 98 10.437 11 98 10.522 12 98 10.549 1 99 10.549 2 99 10.614 3 99 10.728 4 99 10.860 5 99 11.081 6 99 11.263 7 99 11.263 8 99 11.263 9 99 11.263 10 99 11.263 11 99 11.263 12 99 11.263 1 0 11.263 2 0 11.263 3 0 11.263 4 0 11.263 5 0 11.263 6 0 11.263 7 0 11.263 8 0 11.263 9 0 11.263 10 0 11.263 11 0 11.263 12 0 11.263 1 1 11.263 2 1 11.263 3 1 11.263 4 1 11.263 5 1 11.263 6 1 11.263 7 1 11.263 8 1 11.263 9 1 11.263 10 1 11.263 11 1 11.263 12 1 11.263 1 2 11.263 2 2 11.263 3 2 11.263 4 2 11.263 5 2 11.263 6 2 11.263 7 2 11.263 8 2 11.263 9 2 11.263 10 2 11.263 11 2 11.263 12 2 and so on 11.263 THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. - -------------------------------------------------------------------------------- - AFMLT72 - Cut Off Date of Tape is 5/1/97 - FIX - $89,156,666.34 - Mortgage Summary Report - -------------------------------------------------------------------------------- Number of Mortgage Loans: 1,502 Aggregate Unpaid Principal Balance: $89,156,666.34 Aggregate Original Principal Balance: $89,357,191.13 Weighted Average Gross Coupon: 11.594% Gross Coupon Range: 7.500% - 17.950% - -------------------------------------------------------------------------------- Average Unpaid Principal Balance: $59,358.63 Average Original Principal Balance: $59,492.14 Maximum Unpaid Principal Balance: $479,199.96 Minimum Unpaid Principal Balance: $10,000.00 Maximum Original Principal Balance: $479,250.00 Minimum Original Principal Balance: $10,000.00 Weighted Avg. Stated Rem. Term (PTD to Mat Date): 232.710 Stated Rem Term Range: 56.000 - 360.000 Weighted Average Age (First Pay thru Paid Thru Date): 1.856 Age Range: 0.000 - 66.000 Weighted Average Original Term: 234.567 Original Term Range: 60.000 - 360.000 Weighted Average Original LTV: 72.370 Original LTV Range: 8.000% - 90.000% Weighted Average Combined LTV: 74.246 Combined LTV Range: 11.000% - 90.000% Highest Zip Code Concentration 75248 0.59% - -------------------------------------------------------------------------------- THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal State Loans Balance Balance AK 1 101,250.00 0.11 AL 82 4,639,325.94 5.20 AZ 4 181,474.70 0.20 CA 15 1,856,895.44 2.08 CO 11 864,919.96 0.97 CT 2 203,000.00 0.23 DC 5 482,262.00 0.54 DE 2 137,949.60 0.15 FL 204 11,904,704.20 13.35 GA 83 5,590,687.98 6.27 IA 5 315,602.72 0.35 IL 41 2,505,296.71 2.81 IN 67 2,881,360.12 3.23 KS 4 149,987.76 0.17 KY 25 1,290,125.83 1.45 LA 42 2,262,245.14 2.54 MA 8 713,000.55 0.80 MD 14 876,664.53 0.98 MI 188 10,087,830.83 11.31 MN 86 4,892,435.24 5.49 MO 30 1,739,706.43 1.95 MS 26 934,926.75 1.05 NC 102 5,331,373.70 5.98 ND 1 62,650.00 0.07 NE 1 36,684.79 0.04 NH 1 57,966.69 0.07 NJ 31 2,966,782.93 3.33 NM 1 24,000.00 0.03 NV 4 284,400.12 0.32 NY 34 2,855,471.83 3.20 OH 118 6,588,965.70 7.39 OK 9 340,021.91 0.38 OR 8 545,005.48 0.61 PA 21 1,473,122.55 1.65 RI 1 85,575.71 0.10 SC 68 3,342,361.92 3.75 TN 22 1,341,705.42 1.50 TX 43 3,712,518.40 4.16 UT 15 707,785.83 0.79 VA 22 1,505,125.19 1.69 WA 7 791,874.83 0.89 WI 45 2,347,207.43 2.63 WV 3 144,413.48 0.16 - -------------------------------------------------------------------------- Total............... 1502 $ 89,156,666.34 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. COMBINED LOAN-TO-VALUE RATIOS Percentage of Aggregate Cut-Off Date Combined Number of Unpaid Aggregate Loan-To-Value Mortgage Principal Principal Ratio Loans Balance Balance 10.000 <Comb LTV<= 15.000 3 49,769.71 0.06 15.000 <Comb LTV<= 20.000 2 40,082.27 0.04 20.000 <Comb LTV<= 25.000 9 217,856.02 0.24 25.000 <Comb LTV<= 30.000 10 357,253.46 0.40 30.000 <Comb LTV<= 35.000 13 454,889.40 0.51 35.000 <Comb LTV<= 40.000 27 849,670.47 0.95 40.000 <Comb LTV<= 45.000 30 1,275,688.43 1.43 45.000 <Comb LTV<= 50.000 37 1,407,827.19 1.58 50.000 <Comb LTV<= 55.000 34 1,535,770.68 1.72 55.000 <Comb LTV<= 60.000 71 3,786,551.98 4.25 60.000 <Comb LTV<= 65.000 129 6,313,050.15 7.08 65.000 <Comb LTV<= 70.000 185 9,864,948.23 11.06 70.000 <Comb LTV<= 75.000 260 16,063,359.15 18.02 75.000 <Comb LTV<= 80.000 485 30,793,119.36 34.54 80.000 <Comb LTV<= 85.000 144 10,427,840.66 11.70 85.000 <Comb LTV<= 90.000 63 5,718,989.18 6.41 - -------------------------------------------------------------------------- Total.................... 1502 $ 89,156,666.34 100.00% ========================================================================== GROSS MORTGAGE INTEREST RATE RANGE Percentage of Aggregate Cut-Off Date Gross Mortgage Number of Unpaid Aggregate Interest Rate Mortgage Principal Principal Range Loans Balance Balance 7.00% < Gross Coupon <= 7.50% 1 135,074.86 0.15 7.50% < Gross Coupon <= 8.00% 2 240,122.89 0.27 8.00% < Gross Coupon <= 8.50% 3 203,952.52 0.23 8.50% < Gross Coupon <= 9.00% 9 700,021.16 0.79 9.00% < Gross Coupon <= 9.50% 42 2,416,908.89 2.71 9.50% < Gross Coupon <= 10.00% 116 8,297,052.39 9.31 10.00% < Gross Coupon <= 10.50% 131 9,553,791.67 10.72 10.50% < Gross Coupon <= 11.00% 227 14,665,548.60 16.45 11.00% < Gross Coupon <= 11.50% 174 11,079,781.08 12.43 11.50% < Gross Coupon <= 12.00% 216 12,505,212.92 14.03 12.00% < Gross Coupon <= 12.50% 164 9,999,395.82 11.22 12.50% < Gross Coupon <= 13.00% 152 7,881,780.43 8.84 13.00% < Gross Coupon <= 13.50% 81 3,806,929.62 4.27 13.50% < Gross Coupon <= 14.00% 82 4,044,488.52 4.54 14.00% < Gross Coupon <= 14.50% 31 1,113,438.70 1.25 14.50% < Gross Coupon <= 15.00% 31 1,193,094.96 1.34 15.00% < Gross Coupon <= 15.50% 13 491,626.06 0.55 15.50% < Gross Coupon <= 16.00% 13 407,267.46 0.46 16.00% < Gross Coupon <= 16.50% 5 176,004.17 0.20 16.50% < Gross Coupon <= 17.00% 3 73,938.65 0.08 17.00% < Gross Coupon <= 17.50% 3 57,867.06 0.06 17.50% < Gross Coupon <= 18.00% 3 113,367.91 0.13 - ---------------------------------------------------------------------------- Total.......... 1502 $ 89,156,666.34 100.00% ============================================================================ THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. CURRENT MORTGAGE LOAN AMOUNTS Percentage of Aggregate Cut-Off Date Current Number of Unpaid Aggregate Mortgage Loan Mortgage Principal Principal Principal Balance Loans Balance Balance Balance <= 25,000 167 3,326,151.84 3.73 25,000 < Balance <= 50,000 619 23,568,606.65 26.44 50,000 < Balance <= 100,000 544 37,121,367.54 41.64 100,000 < Balance <= 150,000 120 14,306,567.46 16.05 150,000 < Balance <= 200,000 31 5,209,108.98 5.84 200,000 < Balance <= 250,000 13 2,895,413.91 3.25 250,000 < Balance <= 300,000 3 838,000.00 0.94 300,000 < Balance <= 350,000 2 646,250.00 0.72 350,000 < Balance <= 400,000 2 766,000.00 0.86 450,000 < Balance <= 500,000 1 479,199.96 0.54 - -------------------------------------------------------------------------- Total.................... 1502 $ 89,156,666.34 100.00% ========================================================================== OWNER OCCUPANCY AND LIEN STATUS Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance FIRST LIEN OWNER OCC 1290 80,909,966.05 90.75 SECOND HOME 8 324,898.20 0.36 NON OWNER OCC 94 4,335,108.35 4.86 SECOND LIEN OWNER OCC 108 3,515,190.57 3.94 NON OWNER OCC 2 71,503.17 0.08 - -------------------------------------------------------------------------- Total............... 1502 $ 89,156,666.34 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. AGE OF LOAN PercentAge of Aggregate Cut-Off Date Number of Unpaid Aggregate MortgAge Principal Principal Age Loans Balance Balance Age = 0 316 20,056,562.00 22.50% 0 < Age <= 6 1,168 67,993,304.54 76.26% 6 < Age <= 12 9 492,708.06 0.55% 12 < Age <= 18 1 53,468.17 0.06% 18 < Age <= 24 3 177,274.94 0.20% 24 < Age <= 36 2 97,114.31 0.11% 36 < Age <= 48 1 45,031.45 0.05% 48 < Age <= 60 1 139,122.89 0.16% 60 < Age <= 72 1 102,079.98 0.11% - ------------------------------------------------------------------- Total............ 1,502 89,156,666.34 100.00% =================================================================== LOAN CLASS Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loan Class Loans Balance Balance 3/4 UNITS 14 1,243,600.77 1.39 CONDO 27 1,489,676.86 1.67 DUPLEX 64 3,875,025.96 4.35 MANUFACTURED HOME 46 1,749,235.59 1.96 MODULAR 6 342,178.96 0.38 ROW HOUSE 17 828,330.64 0.93 SINGLE FAMILY 1314 78,909,300.61 88.51 TOWNHOUSE 14 719,316.95 0.81 - ----------------------------------------------------------------- Total.......... 1502 $ 89,156,666.34 100.00% ================================================================= THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. REMAINING MONTHS TO STATED MATURITY Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Remaining Term Loans Balance Balance 48 < Rem Term <= 60 3 101,584.16 0.11% 72 < Rem Term <= 84 4 109,297.55 0.12% 108 < Rem Term <= 120 37 1,218,753.73 1.37% 120 < Rem Term <= 132 1 23,661.00 0.03% 132 < Rem Term <= 144 1 49,166.55 0.06% 144 < Rem Term <= 156 3 115,653.39 0.13% 156 < Rem Term <= 168 2 237,154.84 0.27% 168 < Rem Term <= 180 928 54,688,105.56 61.34% 180 < Rem Term <= 192 1 139,122.89 0.16% 216 < Rem Term <= 228 1 61,202.64 0.07% 228 < Rem Term <= 240 142 7,388,242.26 8.29% 312 < Rem Term <= 324 1 45,031.45 0.05% 336 < Rem Term <= 348 1 53,468.17 0.06% 348 < Rem Term <= 360 377 24,926,222.15 27.96% - ------------------------------------------------------------------- Total............ 1,502 89,156,666.34 100.00% =================================================================== LOAN SUMMARY STRATIFIED BY AMORTIZATION Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal AMORTIZATION Loans Balance Balance Fully Amortizing 866 45,572,116.35 51.11 Partially Amortizing 636 43,584,549.99 48.89 - -------------------------------------------------------------------------- Total.................. 1502 $ 89,156,666.34 100.00% ========================================================================== LIEN SUMMARY Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance 1 1392 85,569,972.60 95.98 2 110 3,586,693.74 4.02 - -------------------------------------------------------------------------- Total............... 1502 $ 89,156,666.34 100.00% ========================================================================== LOAN SUMMARY STRATIFIED BY OWNER OCCUPANCY Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance Owner Occ. 1398 84,425,156.62 94.69 Second Home 8 324,898.20 0.36 Non Owner Occ. 96 4,406,611.52 4.94 - -------------------------------------------------------------------------- Total.................. 1502 $ 89,156,666.34 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. LOAN SUMMARY STRATIFIED BY LOAN PURPOSE Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance Purchase 167 13,014,285.79 14.60 Refinance/No ETO 74 4,880,231.11 5.47 Refinance 978 60,783,584.65 68.18 Home Improvement 10 328,875.28 0.37 Debt Consolidation 127 4,278,645.94 4.80 Other 146 5,871,043.57 6.59 - -------------------------------------------------------------------------- Total.................. 1502 $ 89,156,666.34 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. - -------------------------------------------------------------------------------- - AFMLT72 - Cut Off Date of Tape is 5/1/97 - ARM - $96,040,213.85 - -------------------------------------------------------------------------------- Number of Mortgage Loans: 1,059 Aggregate Unpaid Principal Balance: $96,040,213.85 Aggregate Original Principal Balance: $96,122,324.00 - -------------------------------------------------------------------------------- Weighted Average Coupon (Gross): 10.242% Gross Coupon Range: 6.990% - 14.250% Weighted Average Margin (Gross): 6.453% Gross Margin Range: 3.625% - 9.750% Weighted Average Life Cap (Gross): 16.976% Gross Life Cap Range: 11.875% - 20.675% Weighted Average Life Floor (Gross): 9.726% Gross Life Floor Range: 3.625% - 14.250% - -------------------------------------------------------------------------------- Average Unpaid Principal Balance: $90,689.53 Average Original Principal Balance: $90,767.07 Maximum Unpaid Principal Balance: $450,000.00 Minimum Unpaid Principal Balance: $13,921.17 Maximum Original Principal Balance: $450,000.00 Minimum Original Principal Balance: $14,000.00 Weighted Avg. Stated Rem. Term (PTD to Mat Date): 357.553 Stated Rem Term Range: 171.000 - 360.000 Weighted Average Age (First Pay thru Paid Thru): 1.191 Age Range: 0.000 - 9.000 Weighted Average Original Term: 358.744 Original Term Range: 180.000 - 360.000 Weighted Average Original LTV: 77.657 Original LTV Range: 28.000% - 90.000% Weighted Average Periodic Interest Cap: 1.011% Periodic Interest Cap Range: 1.000% - 1.500% Weighted Average Months to Interest Roll: 12.489 * calculated from 5/97 to next rolldate Months to Interest Roll Range: 1 - 34 Weighted Average Interest Roll Frequency: 6.000 Interest Frequency Range: 6 - 6 Lien Status 100% First Lien Highest Zip Code Concentration 48167 0.52% - -------------------------------------------------------------------------------- THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. - -------------------------------------------------------------------------------- - AFMLT72 - Cut Off Date of Tape is 5/1/97 - ARM 6M LIBOR - $52,020,971.26 - -------------------------------------------------------------------------------- Number of Mortgage Loans: 581 Aggregate Unpaid Principal Balance: $52,020,971.26 Aggregate Original Principal Balance: $52,079,602.00 - -------------------------------------------------------------------------------- Weighted Average Coupon (Gross): 9.798% Gross Coupon Range: 6.990% - 14.250% Weighted Average Margin (Gross): 6.562% Gross Margin Range: 3.750% - 9.750% Weighted Average Life Cap (Gross): 16.439% Gross Life Cap Range: 13.650% - 20.250% Weighted Average Life Floor (Gross): 9.201% Gross Life Floor Range: 3.750% - 14.250% - -------------------------------------------------------------------------------- Average Unpaid Principal Balance: $89,536.96 Average Original Principal Balance: $89,637.87 Maximum Unpaid Principal Balance: $375,000.00 Minimum Unpaid Principal Balance: $13,921.17 Maximum Original Principal Balance: $375,000.00 Minimum Original Principal Balance: $14,000.00 Weighted Avg. Stated Rem. Term (PTD to Mat Date): 356.449 Stated Rem Term Range: 171.000 - 360.000 Weighted Average Age (First Pay thru Paid Thru): 1.488 Age Range: 0.000 - 9.000 Weighted Average Original Term: 357.937 Original Term Range: 180.000 - 360.000 Weighted Average Original LTV: 77.042 Original LTV Range: 28.000% - 90.000% Weighted Average Periodic Interest Cap: 1.013% Periodic Interest Cap Range: 1.000% - 1.500% Weighted Average Months to Interest Roll: 3.8918 * calculated from 5/97 to next rolldate Months to Interest Roll Range: 1 - 6 Weighted Average Interest Roll Frequency: 6.000 Interest Frequency Range: 6 - 6 - -------------------------------------------------------------------------------- THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. - -------------------------------------------------------------------------------- - AFMLT72 - Cut Off Date of Tape is 5/1/97 - 2/28 6M LIBOR - $43,569,125.15 - -------------------------------------------------------------------------------- Number of Mortgage Loans: 475 Aggregate Unpaid Principal Balance: $43,569,125.15 Aggregate Original Principal Balance: $43,591,722.00 - -------------------------------------------------------------------------------- Weighted Average Coupon (Gross): 10.770% Gross Coupon Range: 8.490% - 13.675% Weighted Average Margin (Gross): 6.330% Gross Margin Range: 3.625% - 9.500% Weighted Average Life Cap (Gross): 17.616% Gross Life Cap Range: 11.875% - 20.675% Weighted Average Life Floor (Gross): 10.348% Gross Life Floor Range: 3.625% - 13.675% - -------------------------------------------------------------------------------- Average Unpaid Principal Balance: $91,724.47 Average Original Principal Balance: $91,772.05 Maximum Unpaid Principal Balance: $450,000.00 Minimum Unpaid Principal Balance: $14,950.12 Maximum Original Principal Balance: $450,000.00 Minimum Original Principal Balance: $15,000.00 Weighted Avg. Stated Rem. Term (PTD to Mat Date): 358.866 Stated Rem Term Range: 179.000 - 360.000 Weighted Average Age (First Pay thru Paid Thru): 0.829 Age Range: 0.000 - 6.000 Weighted Average Original Term: 359.694 Original Term Range: 180.000 - 360.000 Weighted Average Original LTV: 78.469 Original LTV Range: 28.000% - 90.000% Weighted Average Periodic Interest Cap: 1.008% Periodic Interest Cap Range: 1.000% - 1.500% Weighted Average Months to Interest Roll: 22.535 * calculated from 5/97 to next rolldate Months to Interest Roll Range: 18 - 24 Weighted Average Interest Roll Frequency: 6.000 Interest Frequency Range: 6 - 6 - -------------------------------------------------------------------------------- THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. - -------------------------------------------------------------------------------- - AFMLT72 - Cut Off Date of Tape is 5/1/97 - 3/27 6M LIBOR - $450,117.44 - -------------------------------------------------------------------------------- Number of Mortgage Loans: 3 Aggregate Unpaid Principal Balance: $450,117.44 Aggregate Original Principal Balance: $451,000.00 - -------------------------------------------------------------------------------- Weighted Average Coupon (Gross): 10.332% Gross Coupon Range: 9.990% - 11.150% Weighted Average Margin (Gross): 5.681% Gross Margin Range: 5.300% - 6.900% Weighted Average Life Cap (Gross): 17.188% Gross Life Cap Range: 16.990% - 18.100% Weighted Average Life Floor (Gross): 10.332% Gross Life Floor Range: 9.990% - 11.150% - -------------------------------------------------------------------------------- Average Unpaid Principal Balance: $150,039.15 Average Original Principal Balance: $150,333.33 Maximum Unpaid Principal Balance: $314,475.09 Minimum Unpaid Principal Balance: $64,817.84 Maximum Original Principal Balance: $315,000.00 Minimum Original Principal Balance: $65,000.00 Weighted Avg. Stated Rem. Term (PTD to Mat Date): 358.000 Stated Rem Term Range: 358.000 - 358.000 Weighted Average Age (First Pay thru Paid Thru): 2.000 Age Range: 2.000 - 2.000 Weighted Average Original Term: 360.000 Original Term Range: 360.000 - 360.000 Weighted Average Original LTV: 70.261 Original LTV Range: 68.000% - 74.000% Weighted Average Periodic Interest Cap: 1.000% Periodic Interest Cap Range: 1.000% - 1.000% Weighted Average Months to Interest Roll: 33.843 * calculated from 5/97 to next rolldate Months to Interest Roll Range: 33 - 34 Weighted Average Interest Roll Frequency: 6.000 Interest Frequency Range: 6 - 6 - -------------------------------------------------------------------------------- THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. GEOGRAPHICAL DISTRIBUTION OF MORTGAGED PROPERTIES Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal State Loans Balance Balance AL 12 847,565.17 0.88 AZ 8 697,650.00 0.73 CA 31 4,101,348.75 4.27 CO 24 2,396,478.71 2.50 CT 6 648,286.49 0.68 DC 3 387,243.54 0.40 DE 4 415,670.23 0.43 FL 41 3,801,043.33 3.96 GA 7 732,027.50 0.76 IA 16 1,297,120.20 1.35 IL 75 7,401,108.09 7.71 IN 9 535,545.62 0.56 KS 6 448,370.22 0.47 KY 3 147,483.68 0.15 LA 1 141,000.00 0.15 MA 19 2,371,690.65 2.47 MD 24 2,649,096.71 2.76 MI 219 17,396,345.99 18.11 MN 127 10,414,992.62 10.84 MO 16 1,158,272.85 1.21 NC 8 956,933.57 1.00 NE 1 47,929.45 0.05 NH 3 161,772.72 0.17 NJ 31 3,492,183.90 3.64 NM 5 498,850.00 0.52 NV 6 729,059.89 0.76 NY 8 1,315,294.32 1.37 OH 67 4,766,654.38 4.96 OK 10 957,662.60 1.00 OR 16 1,823,969.43 1.90 PA 37 2,959,297.49 3.08 RI 12 1,165,624.57 1.21 SC 1 163,000.00 0.17 SD 1 52,800.00 0.05 TN 3 403,174.31 0.42 TX 59 6,699,695.69 6.98 UT 19 1,934,747.47 2.01 VA 8 920,829.67 0.96 WA 11 1,243,815.20 1.30 WI 100 7,579,828.84 7.89 WV 2 178,750.00 0.19 - -------------------------------------------------------------------------- Total............... 1059 $ 96,040,213.85 100.00% ========================================================================== LOAN-TO-VALUE RATIOS Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Loan-To-Value Mortgage Principal Principal Ratio Loans Balance Balance 25.000 < LTV <= 30.000 2 83,500.00 0.09 30.000 < LTV <= 35.000 3 247,066.69 0.26 35.000 < LTV <= 40.000 9 400,980.81 0.42 40.000 < LTV <= 45.000 6 389,000.00 0.41 45.000 < LTV <= 50.000 14 951,573.28 0.99 50.000 < LTV <= 55.000 22 1,596,045.16 1.66 55.000 < LTV <= 60.000 35 1,948,079.45 2.03 60.000 < LTV <= 65.000 51 4,043,634.32 4.21 65.000 < LTV <= 70.000 113 9,170,014.21 9.55 70.000 < LTV <= 75.000 139 12,575,346.99 13.09 75.000 < LTV <= 80.000 419 38,396,578.56 39.98 80.000 < LTV <= 85.000 142 14,266,718.72 14.85 85.000 < LTV <= 90.000 104 11,971,675.66 12.47 - -------------------------------------------------------------------------- Total.................... 1059 $ 96,040,213.85 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. GROSS MORTGAGE INTEREST RATE RANGE Percentage of Aggregate Cut-Off Date Gross Mortgage Number of Unpaid Aggregate Interest Rate Mortgage Principal Principal Range Loans Balance Balance 6.50% < Gross Coupon <= 7.00% 1 114,275.57 0.12 7.00% < Gross Coupon <= 7.50% 1 54,441.48 0.06 7.50% < Gross Coupon <= 8.00% 17 1,610,962.16 1.68 8.00% < Gross Coupon <= 8.50% 35 3,246,990.32 3.38 8.50% < Gross Coupon <= 9.00% 93 9,343,384.67 9.73 9.00% < Gross Coupon <= 9.50% 125 12,134,939.09 12.64 9.50% < Gross Coupon <= 10.00% 190 19,173,105.59 19.96 10.00% < Gross Coupon <= 10.50% 149 14,865,350.62 15.48 10.50% < Gross Coupon <= 11.00% 173 14,496,353.10 15.09 11.00% < Gross Coupon <= 11.50% 99 7,874,649.99 8.20 11.50% < Gross Coupon <= 12.00% 70 5,949,529.46 6.19 12.00% < Gross Coupon <= 12.50% 65 4,233,048.61 4.41 12.50% < Gross Coupon <= 13.00% 25 1,997,255.49 2.08 13.00% < Gross Coupon <= 13.50% 9 680,202.10 0.71 13.50% < Gross Coupon <= 14.00% 4 147,050.12 0.15 14.00% < Gross Coupon <= 14.50% 3 118,675.48 0.12 - ---------------------------------------------------------------------------- Total.......... 1059 $ 96,040,213.85 100.00% ============================================================================ CURRENT MORTGAGE LOAN AMOUNTS Percentage of Aggregate Cut-Off Date Current Number of Unpaid Aggregate Mortgage Loan Mortgage Principal Principal Principal Balance Loans Balance Balance Balance <= 25,000 15 298,798.57 0.31 25,000 < Balance <= 50,000 188 7,524,590.85 7.83 50,000 < Balance <= 100,000 523 38,400,123.07 39.98 100,000 < Balance <= 150,000 215 25,847,479.65 26.91 150,000 < Balance <= 200,000 71 12,113,149.53 12.61 200,000 < Balance <= 250,000 27 5,841,557.93 6.08 250,000 < Balance <= 300,000 13 3,566,152.55 3.71 300,000 < Balance <= 350,000 5 1,623,361.70 1.69 350,000 < Balance <= 400,000 1 375,000.00 0.39 400,000 < Balance <= 450,000 1 450,000.00 0.47 - -------------------------------------------------------------------------- Total.................... 1059 $ 96,040,213.85 100.00% ========================================================================== OWNER OCCUPANCY AND LIEN STATUS Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance OWNER OCC 1008 92,674,141.20 96.50 SECOND HOME 5 526,226.02 0.55 NON OWNER OCC 46 2,839,846.63 2.96 - -------------------------------------------------------------------------- Total............... 1059 $ 96,040,213.85 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. AGE OF LOAN PercentAge of Aggregate Cut-Off Date Number of Unpaid Aggregate MortgAge Principal Principal Age Loans Balance Balance Age = 0 417 37,291,014.00 38.83% 0 < Age <= 6 636 58,242,036.77 60.64% 6 < Age <= 12 6 507,163.08 0.53% - ------------------------------------------------------------------- Total............ 1,059 96,040,213.85 100.00% =================================================================== LOAN CLASS Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loan Class Loans Balance Balance 3/4 2 164,477.79 0.17 CONDO 32 2,452,978.18 2.55 DUPLEX 42 3,207,930.29 3.34 MANUFACTURED HOME 9 627,955.88 0.65 MODULAR 7 545,924.99 0.57 ROW HOUSE 10 585,322.53 0.61 SINGLE FAMILY 941 87,124,461.10 90.72 TOWNHOUSE 16 1,331,163.09 1.39 - ----------------------------------------------------------------- Total.......... 1059 $ 96,040,213.85 100.00% ================================================================= REMAINING MONTHS TO STATED MATURITY Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Remaining Term Loans Balance Balance 168 < Rem Term <= 180 9 500,312.94 0.52% 228 < Rem Term <= 240 3 254,885.05 0.27% 348 < Rem Term <= 360 1,047 95,285,015.86 99.21% - ------------------------------------------------------------------- Total............ 1,059 96,040,213.85 100.00% =================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. GROSS MARGIN Percentage of Aggregate Cut-Off Date Unpaid Aggregate Number of Principal Principal Mortgage Percent of Gross Margin Balance Balance Loans Loan Count 3.50% < Margin <= 3.75% 1,098,861.12 1.14 12 1.13 3.75% < Margin <= 4.00% 104,850.00 .11 1 .09 4.00% < Margin <= 4.25% 337,646.81 .35 5 .47 4.25% < Margin <= 4.50% 1,230,323.14 1.28 11 1.04 4.50% < Margin <= 4.75% 1,726,497.50 1.80 13 1.23 4.75% < Margin <= 5.00% 1,594,475.78 1.66 20 1.89 5.00% < Margin <= 5.25% 3,350,258.66 3.49 39 3.68 5.25% < Margin <= 5.50% 5,990,476.86 6.24 63 5.95 5.50% < Margin <= 5.75% 8,787,888.66 9.15 84 7.93 5.75% < Margin <= 6.00% 8,561,950.05 8.91 86 8.12 6.00% < Margin <= 6.25% 8,068,713.86 8.40 93 8.78 6.25% < Margin <= 6.50% 10,770,753.63 11.21 109 10.29 6.50% < Margin <= 6.75% 9,209,252.88 9.59 97 9.16 6.75% < Margin <= 7.00% 9,770,926.34 10.17 105 9.92 7.00% < Margin <= 7.25% 7,027,619.79 7.32 85 8.03 7.25% < Margin <= 7.50% 5,741,352.15 5.98 61 5.76 7.50% < Margin <= 7.75% 4,834,456.52 5.03 61 5.76 7.75% < Margin <= 8.00% 3,143,059.92 3.27 34 3.21 8.00% < Margin <= 8.25% 1,589,051.50 1.65 25 2.36 8.25% < Margin <= 8.50% 471,259.87 .49 7 .66 8.50% < Margin <= 8.75% 828,909.29 .86 16 1.51 8.75% < Margin <= 9.00% 561,976.57 .59 7 .66 9.00% < Margin <= 9.25% 719,538.65 .75 12 1.13 9.25% < Margin <= 9.50% 294,200.95 .31 7 .66 9.50% < Margin <= 9.75% 225,913.35 .24 6 .57 - ------------------------------------------------------------------------------------- Total.................... 96,040,213.85 100.00 1,059 100.00 ===================================================================================== LOAN SUMMARY STRATIFIED BY LIFE CAP Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Gross Mortgage Principal Principal Life Cap Loans Balance Balance 11.500 < LIFE CAP <= 12.000 1 93,500.00 0.10 13.000 < LIFE CAP <= 13.500 1 48,000.00 0.05 13.500 < LIFE CAP <= 14.000 11 1,004,855.15 1.05 14.000 < LIFE CAP <= 14.500 10 935,702.90 0.97 14.500 < LIFE CAP <= 15.000 37 3,775,252.73 3.93 15.000 < LIFE CAP <= 15.500 54 4,800,907.36 5.00 15.500 < LIFE CAP <= 16.000 103 10,563,992.15 11.00 16.000 < LIFE CAP <= 16.500 138 13,281,359.39 13.83 16.500 < LIFE CAP <= 17.000 198 18,522,744.52 19.29 17.000 < LIFE CAP <= 17.500 134 12,955,504.49 13.49 17.500 < LIFE CAP <= 18.000 153 13,287,302.74 13.84 18.000 < LIFE CAP <= 18.500 90 6,744,912.15 7.02 18.500 < LIFE CAP <= 19.000 54 4,546,875.39 4.73 19.000 < LIFE CAP <= 19.500 43 3,240,305.12 3.37 19.500 < LIFE CAP <= 20.000 19 1,576,388.86 1.64 20.000 < LIFE CAP <= 20.500 10 571,760.78 0.60 20.500 < LIFE CAP <= 21.000 3 90,850.12 0.09 - -------------------------------------------------------------------------- Total................. 1059 $ 96,040,213.85 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. LOAN SUMMARY STRATIFIED BY LIFE FLOOR Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Gross Mortgage Principal Principal Life Floor Loans Balance Balance 3.500 < Life Floor <= 4.000 11 998,361.12 1.04 4.000 < Life Floor <= 4.500 2 228,979.89 0.24 4.500 < Life Floor <= 5.000 1 118,800.00 0.12 5.000 < Life Floor <= 5.500 8 739,719.51 0.77 5.500 < Life Floor <= 6.000 13 1,310,481.99 1.36 6.000 < Life Floor <= 6.500 19 2,046,154.76 2.13 6.500 < Life Floor <= 7.000 21 1,965,446.34 2.05 7.000 < Life Floor <= 7.500 28 2,751,988.22 2.87 7.500 < Life Floor <= 8.000 38 3,494,803.02 3.64 8.000 < Life Floor <= 8.500 51 4,095,725.61 4.26 8.500 < Life Floor <= 9.000 88 8,440,923.83 8.79 9.000 < Life Floor <= 9.500 116 10,839,207.24 11.29 9.500 < Life Floor <= 10.000 171 16,778,035.43 17.47 10.000 < Life Floor <= 10.500 127 12,835,434.95 13.36 10.500 < Life Floor <= 11.000 130 11,097,428.76 11.55 11.000 < Life Floor <= 11.500 78 6,146,908.43 6.40 11.500 < Life Floor <= 12.000 61 5,375,921.78 5.60 12.000 < Life Floor <= 12.500 57 3,887,135.26 4.05 12.500 < Life Floor <= 13.000 24 1,977,655.49 2.06 13.000 < Life Floor <= 13.500 9 680,202.10 0.71 13.500 < Life Floor <= 14.000 4 147,050.12 0.15 14.000 < Life Floor <= 14.500 2 83,850.00 0.09 - -------------------------------------------------------------------------- Total................. 1059 $ 96,040,213.85 100.00% ========================================================================== NEXT INTEREST ROLLDATE DATE Percentage of Cut-Off Aggregate Date Next Number of Unpaid Aggregate Roll Mortgage Principal Principal Date Loans Balance Balance 06/01/97 16 $1,184,425.63 01.23 07/01/97 47 $5,102,888.50 05.31 08/01/97 159 $14,266,813.97 14.86 09/01/97 160 $14,238,324.83 14.83 10/01/97 140 $12,088,627.58 12.59 11/01/97 59 $5,139,890.75 05.35 11/01/98 2 $198,026.18 00.21 12/01/98 2 $148,689.82 00.15 01/01/99 23 $2,505,260.04 02.61 02/01/99 59 $6,334,420.28 06.60 03/01/99 106 $9,333,441.44 09.72 04/01/99 155 $14,223,324.39 14.81 05/01/99 128 $10,825,963.00 11.27 02/01/00 1 $70,824.51 00.07 03/01/00 2 $379,292.93 00.39 - -------------------------------------------------------------------------- Total........ 1059 $96,040,213.85 100.00% ========================================================================== LOAN SUMMARY STRATIFIED BY AMORTIZATION Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal AMORTIZATION Loans Balance Balance Fully Amortizing 1058 95,998,733.13 99.96 Partially Amortizing 1 41,480.72 0.04 - -------------------------------------------------------------------------- Total.................. 1059 $ 96,040,213.85 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT. ARM TYPE - ------------------------------------------------------------------------------------------------------------------- WA Total # % Rem WA WA WA Current Loan Feature Loan Pool WAC Term MARGIN LIFECAP FLOOR Balance 6M LIBOR 581 54.17 9.798 356.45 6.562 16.439 9.201 $52,020,971.26 2/28 6M L 475 45.37 10.770 358.87 6.330 17.616 10.348 $43,569,125.15 3/27 6M L 3 .47 10.332 358.00 5.681 17.188 10.332 $450,117.44 - ------------------------------------------------------------------------------------------------------------------- Total..... 1,059 100.00% 10.242 357.55 6.453 16.976 9.726 $96,040,213.85 =================================================================================================================== PREPAYMENT PENALTY - ------------------------------------------------------------------------------------------------------------------- WA WA Max. Orig Total # % Rem WA Orig Loan Current Loan Pool WAC Term Age LTV Amount Balance 0 453 43.62 10.006 357.25 1.39 78.98 $340,000 $41,890,727.72 1 142 14.96 10.522 359.21 .79 77.56 $336,000 $14,364,615.46 2 330 30.22 10.304 357.78 1.07 76.37 $450,000 $29,023,959.10 3 105 8.93 10.651 357.60 1.28 76.02 $375,000 $8,575,602.00 4 2 .19 10.673 359.21 .79 86.19 $109,650 $181,816.60 5 27 2.09 10.463 348.36 1.37 75.73 $169,600 $2,003,492.97 - ------------------------------------------------------------------------------------------------------------------- Total..... 1,059 100.00% 10.242 357.55 1.19 77.66 $450,000 $96,040,213.85 =================================================================================================================== DOCUMENTATION LEVEL - ------------------------------------------------------------------------------------------------------------------ WA WA Max. Orig Total # % Rem WA Orig Loan Current Loan Pool WAC Term Age LTV Amount Balance Full Documentation 956 88.89 10.221 357.41 1.18 78.87 $375,000 $85,374,806.22 Alternate Documentation 11 1.83 10.256 358.87 1.13 73.19 $450,000 $1,758,136.80 Stated Documentation 92 9.27 10.442 358.67 1.33 66.88 $315,000 $8,907,270.83 - ------------------------------------------------------------------------------------------------------------------- Total..... 1,059 100.00% 10.242 357.55 1.19 77.66 $450,000 $96,040,213.85 =================================================================================================================== LOAN SUMMARY STRATIFIED BY LOAN PURPOSE Percentage of Aggregate Cut-Off Date Number of Unpaid Aggregate Mortgage Principal Principal Loans Balance Balance Purchase 247 25,586,242.45 26.64 Refinance/No ETO 75 7,025,811.84 7.32 Refinance 680 60,448,810.76 62.94 Debt Consolidation 18 775,641.62 0.81 Other 39 2,203,707.18 2.29 - -------------------------------------------------------------------------- Total.................. 1059 $ 96,040,213.85 100.00% ========================================================================== THIS PAGE MUST BE ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE CONTACT YOUR PRUDENTIAL SECURITIES INCORPORATED FINANCIAL ADVISOR IMMEDIATELY. THIS STRUCTURAL TERMSHEET SUPERSEDES ANY PREVIOUS STRUCTURAL TERMSHEETS, AND WILL BE SUPERSEDED BY THE STRUCTURAL INFORMATION IN THE PROSPECTUS SUPPLEMENT.