Cap premium estimate

Notional ($) Strike (%) Term (years) Reset frequency Model Volatility Notional shape Note rate (%), amortizing only Amortization (months), amortizing only

SOFR forward curve (%)

1M3M6M1Y2Y3Y5Y

Cap premium–

Premium, bp–

Average forward–

Average notional–

Estimates only; dealer quotes and loan documents control. Strike comparison and per-caplet detail below.

Strike	Premium	bp of notional

Caplet	Expiry	Forward	Notional	Value