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      Comparison Analysis
               
        Option1 Option 2 Option 2  
      Original Loan  
      Interest Rate  
      Amortization Term  
      First Mortgage Payment  
      Annual Debt Service  
               
               
               
      223 (f) Refinance and Acquisition Program        
      - Fixed rate for 35 Year Term        
      - 83.3% LTV for market rate        
      - 85% LTV for Affordable        
      - 87% LTV for 90% or greater rental assistance        
      - 90% LTV for 202 Properties        
      - Non Recourse        
      - Cash Out up to 80% loan to value        
      - Assumable Loan        
               
       
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