FNFA Staff

Designations

    Specializations

      Designations

        Specializations

          Amortization Sheet

          Calculator
          Borrowing Time Frame
          Interest Rate
          Report

          How much will your loan cost? Fill in the form below to find out.

          Loan Amount:
          Desired Loan Term:
          Calculate

          Note: FNFA long-term financing is typically at a fixed rate for the first 10 years. If you are considering the option of locking-in your rate for the whole term of the financing request, please contact Steve Berna for the current rate and next steps.

          Advantages of Locking-in Fixed Rate for Whole Term:
          • Your loan interest rate never changes.
          • No budget surprises.
          Advantages of Fixed Rate for Partial Term:
          • By not fixing your loan interest rate for the full term, your community can choose to repay ALL or SOME of the balance outstanding when the loan comes up for re-financing.
          Disadvantages of Fixed Rate for Partial Term:
          • At re-financing, your loan interest rate will change (up or down).

          The FNFA expects the next debenture to be in the spring of the year 2021. Is the financing required before this date?

          Yes No
          Interest Rate

          Do you want FNFA to lock-in the interest rate for just the first 10-years (i.e. tied to FNFA’s debenture rate)?

          Yes No
          Calculate

          Lock-in Interest Rate

          Yes: Your loan will be refinanced at the end of year 10, or it can be paid off without penalty at this time.

          No: I want the interest rate locked-in (fixed) for the full loan term under contract. No early payoffs can occur.

          Loan Amount:
          Loan Term: Years
          Forecasted Loan Interet Rate (first 10 years): %
          Forecasted Loan Interest Rate (years 11-): %

          Earned Interest Rate: %

          Yearly Loan Payments:
          Monthly Loan Payments:
          Total Principal Paid:
          Total Interest Paid:

          Loan Amount:
          Loan Term: Years
          Forecasted Loan Interest Rate: %
          Earned Interest Rate: %

          Yearly Loan Payments:
          Monthly Loan Payments:
          Total Principal Paid:
          Total Interest Paid:

          Term Payment Interest Earned Loan Balance
          Principal Interest Total

          This schedule of payments is calculated on the esitmated upcoming long-term financing rate, which is subject to chang with market conditions until the rate is locked-in. The above amortization schedule shows an intereste rate locked-in for years 10 throught 10. At the end of the year 10 the borrowing member has the choice of refinancing all, or some, of the outstanding pricipal at interest rates in effect at that time.

          *FNFA borrowers repay principal and interest; however FNFA only pays bondholders interest and invest the principal payment into a sinking fund until bond maturity; earnings from interest on the accumulated principal repayments are indicated in this column. The loan is repaid through principal repayments and this interest earned.