HVF MD Bond Debt Amortization Table

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I used public data and asked chatGPT to create an amortization table for the HVF MD Bond Debt. When I get the actual amortization table, that I can publish, I will put it here. 

The big question here is why is our bond debt mill levy exceeding what is in the HVF MD covenants and what is in the HVF MD agreement with the te Town of Severance, which places a maximum cap of 50 mills on the debt.

Loan Amount 18500000 ~NOV2022

Annual Interest Rate 6%

Term (Years) 28

Payments per Year 2

Payment Amount $686,062.74

Payment # Payment Interest Principal Balance

1 $686,062.74 $555,000.00 $131,062.74 $18,368,937.26

2 $686,062.74 $551,068.12 $134,994.62 $18,233,942.63

3 $686,062.74 $547,018.28 $139,044.46 $18,094,898.17

4 $686,062.74 $542,846.95 $143,215.80 $17,951,682.37

5 $686,062.74 $538,550.47 $147,512.27 $17,804,170.10

6 $686,062.74 $534,125.10 $151,937.64 $17,652,232.46

7 $686,062.74 $529,566.97 $156,495.77 $17,495,736.69

8 $686,062.74 $524,872.10 $161,190.64 $17,334,546.05

9 $686,062.74 $520,036.38 $166,026.36 $17,168,519.69

10 $686,062.74 $515,055.59 $171,007.15 $16,997,512.54

11 $686,062.74 $509,925.38 $176,137.37 $16,821,375.17

12 $686,062.74 $504,641.26 $181,421.49 $16,639,953.68

13 $686,062.74 $499,198.61 $186,864.13 $16,453,089.55

14 $686,062.74 $493,592.69 $192,470.06 $16,260,619.49

15 $686,062.74 $487,818.58 $198,244.16 $16,062,375.34

16 $686,062.74 $481,871.26 $204,191.48 $15,858,183.85

17 $686,062.74 $475,745.52 $210,317.23 $15,647,866.63

18 $686,062.74 $469,436.00 $216,626.74 $15,431,239.88

19 $686,062.74 $462,937.20 $223,125.55 $15,208,114.34

20 $686,062.74 $456,243.43 $229,819.31 $14,978,295.03

21 $686,062.74 $449,348.85 $236,713.89 $14,741,581.13

22 $686,062.74 $442,247.43 $243,815.31 $14,497,765.83

23 $686,062.74 $434,932.97 $251,129.77 $14,246,636.06

24 $686,062.74 $427,399.08 $258,663.66 $13,987,972.40

25 $686,062.74 $419,639.17 $266,423.57 $13,721,548.83

26 $686,062.74 $411,646.46 $274,416.28 $13,447,132.55

27 $686,062.74 $403,413.98 $282,648.77 $13,164,483.78

28 $686,062.74 $394,934.51 $291,128.23 $12,873,355.55

29 $686,062.74 $386,200.67 $299,862.08 $12,573,493.48

30 $686,062.74 $377,204.80 $308,857.94 $12,264,635.54

31 $686,062.74 $367,939.07 $318,123.68 $11,946,511.86

32 $686,062.74 $358,395.36 $327,667.39 $11,618,844.48

33 $686,062.74 $348,565.33 $337,497.41 $11,281,347.07

34 $686,062.74 $338,440.41 $347,622.33 $10,933,724.74

35 $686,062.74 $328,011.74 $358,051.00 $10,575,673.74

36 $686,062.74 $317,270.21 $368,792.53 $10,206,881.21

37 $686,062.74 $306,206.44 $379,856.31 $9,827,024.90

38 $686,062.74 $294,810.75 $391,252.00 $9,435,772.90

39 $686,062.74 $283,073.19 $402,989.56 $9,032,783.35

40 $686,062.74 $270,983.50 $415,079.24 $8,617,704.11

41 $686,062.74 $258,531.12 $427,531.62 $8,190,172.49

42 $686,062.74 $245,705.17 $440,357.57 $7,749,814.92

43 $686,062.74 $232,494.45 $453,568.30 $7,296,246.62

44 $686,062.74 $218,887.40 $467,175.34 $6,829,071.28

45 $686,062.74 $204,872.14 $481,190.60 $6,347,880.68

46 $686,062.74 $190,436.42 $495,626.32 $5,852,254.35

47 $686,062.74 $175,567.63 $510,495.11 $5,341,759.24

48 $686,062.74 $160,252.78 $525,809.97 $4,815,949.28

49 $686,062.74 $144,478.48 $541,584.26 $4,274,365.01

50 $686,062.74 $128,230.95 $557,831.79 $3,716,533.22

51 $686,062.74 $111,496.00 $574,566.75 $3,141,966.47

52 $686,062.74 $94,258.99 $591,803.75 $2,550,162.72

53 $686,062.74 $76,504.88 $609,557.86 $1,940,604.86

54 $686,062.74 $58,218.15 $627,844.60 $1,312,760.27

55 $686,062.74 $39,382.81 $646,679.93 $666,080.33

56 $686,062.74 $19,982.41 $666,080.33 $0.00 ~2050