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MOB PRESENTATION
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Illustration of Traditional Net Payoff Single Premium
$10,000 loan amount, $10066.23 amount financed, 12 Monthly Payments 12% Simple Interest, $ .65/$100 per year, Level Payment - $894.90
    Payment Allocation Life Insurance  
Outstanding
Balance		 Payment Interest
(1)		 Insurance
(2)		 Cash
(3)		 Cumulative
Life
Premium		 Monthly
Life Base		 Principal &
Interest
Payment
$10,066.63 $894.90 $100.67 $10.07 $783.67 $10.07 $10,066.63 $894.90
$9,272.90 $894.90 $92.73 $9.27 $792.40 $19.34 $9,272.90 $894.90
$8,471.23 $894.90 $84.71 $8.47 $801.22 $27.81 $8,471.23 $894.90
$7,661.54 $894.90 $76.62 $7.66 $810.12 $35.47 $7,661.54 $894.90
$6,843.75 $894.90 $68.44 $6.84 $819.12 $42.32 $6,843.75 $894.90
$6,017.79 $894.90 $60.18 $6.02 $828.20 $48.33 $6,017.79 $894.90
$5,183.57 $894.90 $51.84 $5.18 $837.38 $53.52 $5,183.57 $894.90
$4,341.00 $894.90 $43.41 $4.34 $846.65 $57.86 $4,341.00 $894.90
$3,490.01 $894.90 $34.90 $3.49 $855.01 $61.35 $3,490.01 $894.90
$2,630.51 $894.90 $26.31 $2.63 $865.46 $63.98 $2,630.51 $894.90
$1,762.42 $894.90 $17.62 $1.76 $875.01 $65.74 $1,762.42 $894.90
$885.64 $894.90 $8.86 $0.89 $884.66 $66.63 $885.64 $894.90
0              
               
$66,626.99   $666.29 $66.620        
Month Dollars of
Coverage		     Insurance
Premium		        
 
MOB / Single Premium Comparison
INDIANA Prima Facie Rates $.65/$100/yr and $1.00/$1000/mo
Consumer Loans
12 mos/$10,000
EMR $1.00/$1000/mo		 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $66.63 $66.30 $0.33 0.50%
Interest Amount $666.17 $663.02 $3.15 0.47%
60 mos/$10,000
EMR $1.0655/$1000/mo		 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $369.80 $337.58 $32.22 8.71%
Interest Amount $3,470.40 $3,375.42 $94.98 2.74%
Home Equity Loans
180 mos/$50,000
EMR $1.0773/$1000/mo		 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $7,143.14 $5,914.43 $1,228.71 17.20%
Interest Amount $66,302.66 $59,143.37 $7,159.29 10.80%
180/60 mos-$50,000
EMR $1.0655/$1000/mo		 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $3,152.61 $2,832.39 $320.22 10.16%
Interest Amount $61,672.99 $59,143.37 $2,529.62 4.10%
 
Single Premium/MOB Comparison
OHIO Prima Facie Rates $.769/$1000/mo
Consumer Loans
12 mos/$10,000 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $51.16 $50.97 $0.19 0.37%
Interest Amount $665.20 $663.75 $2.45 0.37%
60 mos/$10,000 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $264.16 $263.59 $0.57 0.22%
Interest Amount $3,435.04 $3,205.21 $229.83 6.70%
Home Equity Loans
180 mos/$50,000 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $4,898.41 $4,558.15 $340.26 6.95%
Interest Amount $63,698.19 $58,651.05 $5,047.14 7.92%
180/60 mos-$50,000 Single Premium
Net Payoff		 MOB Difference %
Difference
Premium Amount $2,235.90 $2,171.39 $64.51 2.89%
Interest Amount $60,607.90 $59,160.41 $1,447.49 2.39%
 
 
Single Premium
MOB Premium
No Insurance
Single Premium MOB Premium No Insurance
Amount Financed $10,066.63 $10,000.00 $10,000.00
Finance Charge $666.17 $663.02 $661.76
Total Of Payments $10,732.80 $10,729.32 $10,661.76
Premium Amount $66.63 $66.20 NA
Monthly Payment $894.40 $894.11 $888.48

$10,000 Cash Amount - 12% Simple Interest - 12 Payments
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