EXHIBIT 99.5
AV-1 Cap AV-1 Effective Cap Pool Cap
Static Libor Libor+500 Libor=20 Libor+500 Libor=20 Static Libor Libor+500 Libor=20
1 14.00% 14.00% 14.00% 14.00% 14.00% 10.00% 10.00% 10.00%
2 8.70% 8.70% 8.70% 13.22% 14.00% 8.70% 8.70% 8.70%
3 8.42% 8.42% 8.42% 12.95% 14.00% 8.42% 8.42% 8.42%
4 8.42% 8.42% 8.42% 12.96% 14.00% 8.42% 8.42% 8.42%
5 8.70% 8.70% 8.70% 13.27% 14.00% 8.70% 8.70% 8.70%
6 8.42% 8.42% 8.42% 13.03% 14.00% 8.42% 8.42% 8.42%
7 8.70% 8.70% 8.70% 13.35% 14.00% 8.70% 8.70% 8.70%
8 8.42% 8.42% 8.42% 13.11% 14.00% 8.42% 8.42% 8.42%
9 8.42% 8.42% 8.42% 13.16% 14.00% 8.42% 8.42% 8.42%
10 9.32% 9.32% 9.32% 14.00% 14.00% 9.32% 9.32% 9.32%
11 8.41% 8.42% 8.42% 13.24% 14.00% 8.41% 8.42% 8.42%
12 8.69% 8.70% 8.70% 13.57% 14.00% 8.69% 8.70% 8.70%
13 8.41% 8.42% 8.42% 13.34% 14.00% 8.41% 8.42% 8.42%
14 8.69% 8.70% 8.70% 13.66% 14.00% 8.69% 8.70% 8.70%
15 8.41% 8.42% 8.42% 13.43% 14.00% 8.41% 8.42% 8.42%
16 8.41% 9.97% 9.98% 14.00% 14.00% 8.41% 8.85% 8.85%
17 8.69% 10.51% 10.51% 10.77% 11.54% 8.69% 9.19% 9.19%
18 8.41% 10.80% 10.80% 11.06% 11.84% 8.41% 9.06% 9.06%
19 8.69% 11.16% 11.16% 11.42% 12.21% 8.69% 9.36% 9.36%
20 8.41% 10.80% 10.81% 11.07% 11.86% 8.41% 9.05% 9.05%
21 8.41% 10.80% 10.82% 11.07% 11.88% 8.41% 9.05% 9.05%
22 8.99% 11.94% 12.45% 12.22% 13.53% 8.99% 9.77% 9.90%
23 8.41% 11.28% 11.75% 11.55% 12.84% 8.41% 9.17% 9.29%
24 8.69% 11.78% 12.47% 12.06% 13.56% 8.69% 9.50% 9.68%
25 8.41% 11.45% 12.12% 11.73% 13.22% 8.41% 9.20% 9.37%
26 8.69% 11.88% 12.58% 11.88% 12.58% 8.69% 9.52% 9.70%
27 8.41% 11.50% 12.18% 11.50% 12.18% 8.41% 9.21% 9.38%
28 8.41% 11.68% 13.00% 11.68% 13.00% 8.41% 9.25% 9.58%
29 8.69% 12.17% 13.54% 12.17% 13.54% 8.69% 9.58% 9.92%
30 8.41% 11.78% 13.42% 11.78% 13.42% 8.41% 9.27% 9.68%
31 8.69% 12.19% 13.89% 12.19% 13.89% 8.69% 9.58% 10.00%
32 8.41% 11.82% 13.47% 11.82% 13.47% 8.41% 9.27% 9.68%
33 8.41% 11.82% 13.47% 11.82% 13.47% 8.41% 9.27% 9.68%
34 9.31% 13.24% 14.00% 13.24% 14.00% 9.31% 10.00% 10.00%
35 8.41% 12.03% 13.78% 12.03% 13.78% 8.41% 9.31% 9.74%
36 8.69% 12.43% 14.00% 12.43% 14.00% 8.69% 9.62% 10.00%
37 8.41% 12.03% 13.82% 12.03% 13.82% 8.41% 9.31% 9.74%
38 8.69% 12.45% 14.00% 12.45% 14.00% 8.69% 9.62% 10.00%
39 8.41% 12.05% 13.85% 12.05% 13.85% 8.41% 9.31% 9.74%
40 8.40% 12.05% 14.00% 12.05% 14.00% 8.40% 9.30% 9.78%
41 8.68% 12.45% 14.00% 12.45% 14.00% 8.68% 9.61% 10.00%
42 8.40% 12.05% 14.00% 12.05% 14.00% 8.40% 9.30% 9.79%
43 8.68% 12.45% 14.00% 12.45% 14.00% 8.68% 9.60% 10.00%
44 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.29% 9.79%
45 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.29% 9.79%
46 9.30% 13.36% 14.00% 13.36% 14.00% 9.30% 10.00% 10.00%
47 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.28% 9.81%
48 8.68% 12.47% 14.00% 12.47% 14.00% 8.68% 9.59% 10.00%
49 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.27% 9.79%
50 8.68% 12.47% 14.00% 12.47% 14.00% 8.68% 9.58% 10.00%
51 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.27% 9.79%
52 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.26% 9.78%
53 8.68% 12.47% 14.00% 12.47% 14.00% 8.68% 9.57% 10.00%
54 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.26% 9.77%
55 8.68% 12.47% 14.00% 12.47% 14.00% 8.68% 9.56% 10.00%
56 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.25% 9.77%
57 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.25% 9.76%
58 9.30% 13.36% 14.00% 13.36% 14.00% 9.30% 10.00% 10.00%
59 8.40% 12.07% 14.00% 12.07% 14.00% 8.40% 9.24% 9.75%
60 8.68% 12.47% 14.00% 12.47% 14.00% 8.68% 9.54% 10.00%
61 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.23% 9.74%
62 8.67% 12.47% 14.00% 12.47% 14.00% 8.67% 9.54% 10.00%
63 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.23% 9.73%
64 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.22% 9.73%
65 8.67% 12.47% 14.00% 12.47% 14.00% 8.67% 9.53% 10.00%
66 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.22% 9.72%
67 8.67% 12.47% 14.00% 12.47% 14.00% 8.67% 9.52% 10.00%
68 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.21% 9.71%
69 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.21% 9.70%
70 8.97% 12.90% 14.00% 12.90% 14.00% 8.97% 9.84% 10.00%
71 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.20% 9.69%
72 8.67% 12.47% 14.00% 12.47% 14.00% 8.67% 9.50% 10.00%
73 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.19% 9.68%
74 8.67% 12.47% 14.00% 12.47% 14.00% 8.67% 9.50% 10.00%
75 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.19% 9.67%
76 8.39% 12.07% 14.00% 12.07% 14.00% 8.39% 9.18% 9.67%
77 8.66% 12.47% 14.00% 12.47% 14.00% 8.66% 9.49% 9.99%
78 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.18% 9.66%
79 8.66% 12.47% 14.00% 12.47% 14.00% 8.66% 9.48% 9.98%
80 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.17% 9.65%
81 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.17% 9.64%
82 9.28% 13.36% 14.00% 13.36% 14.00% 9.28% 10.00% 10.00%
83 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.16% 9.64%
84 8.66% 12.47% 14.00% 12.47% 14.00% 8.66% 9.46% 9.95%
85 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.15% 9.63%
86 8.66% 12.47% 14.00% 12.47% 14.00% 8.66% 9.45% 9.94%
87 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.15% 9.62%
88 8.38% 12.07% 14.00% 12.07% 14.00% 8.38% 9.14% 9.61%
89 8.65% 12.47% 14.00% 12.47% 14.00% 8.65% 9.44% 9.93%
90 8.37% 12.07% 14.00% 12.07% 14.00% 8.37% 9.14% 9.60%
91 8.65% 12.47% 14.00% 12.47% 14.00% 8.65% 9.44% 9.92%
92 8.37% 12.07% 14.00% 12.07% 14.00% 8.37% 9.13% 9.59%
93 8.37% 12.07% 14.00% 12.07% 14.00% 8.37% 9.13% 9.59%
94 9.27% 13.36% 14.00% 13.36% 14.00% 9.27% 10.00% 10.00%
Equity One 2002-3, Term -CONFIDENTIAL-
Wachovia Securities is the trade name under which Wachovia Corporation conducts
its investment banking, capital markets and institutional securities business
through First Union Securities, Inc. ("FUSI"), member NYSE, NASD, SIPC and
through other bank and non-bank and broker-dealer subsidiaries of Wachovia
Corporation. This report is for your information only and is not an offer to
sell, or a solicitation of an offer to buy, the securities or instruments named
or described in this report. Interested parties are advised to contact the
entity with which they deal, or the entity that provided this report to them, if
they desire further information. The information in this report has been
obtained or derived from sources believed by First Union Securities, Inc. to be
reliable, but First Union Securities, Inc. does not represent that this
information is accurate or complete. Any opinions or estimates contained in this
report represent the judgement of First Union Securities, Inc. at this time, and
are subject to change without notice. First Union Securities, Inc., or its
affiliates may from time to time provide advice with respect to, acquire, hold,
or sell a position on the securities mentioned herein.
Serkan Erikci
Wachovia Securities
Corporate & Investment Banking
serkan.erikci@wachovia.com
(704) 715-1263