(1) based on the loan terms in the box (including prepayment/default/severity assumption)

(2) Calculate the weighted avg life ("WAL")

(3) Calculate the price using a 6% yield

(4) Calculate the lifetime projected cum loss

Balance	$1,000,000
Term (mo)	360
Rate	5.00%
Origination Date	6/1/2019
1st Pmt Date	7/1/2019
CPR	10%
CDR	2.50%
Severity	50%
Yield	6.00%
Weighted Avg Life	?
Price	?
Cumulative Loss	?

Period

Date

Sched Principal

Unsched Principal

Total Princ.

Interest

Default

Loss

Default Recovery

Total Cashflow

Beginning Balance

Ending Balance

Time Fraction

0 1 2 3 .. 360