Defeasance cost estimate

Original loan amount ($) Note rate (%) Amortization (months) Loan term (months) Amortization type Day count First payment date Defeasance date

Treasury curve: CMT par yields (%)

1M3M6M1Y2Y3Y5Y7Y10Y20Y30Y

Total defeasance cost–

Securities portfolio–

Premium vs balance–

Balance at defeasance–

Monthly payment–

Rate sensitivity (DV01)–

All-in cost–

Yield maintenance penalty–

Cheaper route–

Estimates only; loan documents control the required portfolio, the fee schedule, and the yield maintenance formula. Fee assumptions below.