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Proposed Payment Schedule <br /> Interest Rate 4.50% <br /> Original Amount Due 16,514.54 <br /> Term 5 <br /> Payment 3,761.87 <br /> # Tax Year Loan Balance Principal Interest Payment Balance @ 12/31 <br /> 1 2013 16,514.54 3,018.72 743.15 3,761.87 13,495.82 <br /> 2 2014 13,495.82 3,154.56 607.31 3,761.87 10,341.26 <br /> 3 2015 10,341.26 3,296.52 465.36 3,761.87 7,044.74 <br /> 4 2016 7,044.74 3,444.86 317.01 3,761.87 3,599.88 <br /> 5 2017 3,599.88 3,599.88 161.99 3,761.87 0.00 <br /> 16,514.54 2,294.83 18,809.37 <br />