ABFC 2004-OPT4
Bond Class: Class M-1
------------------------------------------------------------------------------------------------------------------------------------
Settle Date Call % Run To Description First Accrual Date Next Pay Date Actual Delay
6/30/2004 10% Call AA/A2/AA 6/30/2004 7/25/2004
------------------------------------------------------------------------------------------------------------------------------------
Balance Principal Type Coupon Interest Type Index Type Margin Accrued Interest
43,640,000 Normal Float LIBOR1M 0.600
------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
Px-DM CPR
--------------------------------------------------------------------------------------------------------------------------------
10 15 20 26.3 30 35 40
--------------------------------------------------------------------------------------------------------------------------------
99.06250 0.688 0.721 0.757 0.800 0.819 0.833 0.834
99.12500 0.682 0.713 0.747 0.787 0.804 0.818 0.818
99.18750 0.676 0.705 0.736 0.773 0.790 0.802 0.803
99.25000 0.670 0.697 0.726 0.760 0.775 0.786 0.787
99.31250 0.665 0.689 0.715 0.746 0.760 0.771 0.771
99.37500 0.659 0.681 0.705 0.733 0.746 0.755 0.756
99.43750 0.653 0.673 0.694 0.720 0.731 0.740 0.740
99.50000 0.647 0.664 0.684 0.706 0.716 0.724 0.725
99.56250 0.641 0.656 0.673 0.693 0.702 0.709 0.709
99.62500 0.635 0.648 0.663 0.680 0.687 0.693 0.693
99.68750 0.629 0.640 0.652 0.666 0.673 0.678 0.678
99.75000 0.623 0.632 0.642 0.653 0.658 0.662 0.662
99.81250 0.618 0.624 0.631 0.640 0.644 0.646 0.647
99.87500 0.612 0.616 0.621 0.627 0.629 0.631 0.631
99.93750 0.606 0.608 0.610 0.613 0.615 0.615 0.616
100.00000 0.600 0.600 0.600 0.600 0.600 0.600 0.600
100.06250 0.594 0.592 0.590 0.587 0.585 0.585 0.584
100.12500 0.588 0.584 0.579 0.573 0.571 0.569 0.569
100.18750 0.582 0.576 0.569 0.560 0.557 0.554 0.553
100.25000 0.577 0.568 0.558 0.547 0.542 0.538 0.538
100.31250 0.571 0.560 0.548 0.534 0.528 0.523 0.522
100.37500 0.565 0.552 0.538 0.521 0.513 0.507 0.507
100.43750 0.559 0.544 0.527 0.507 0.499 0.492 0.492
100.50000 0.553 0.536 0.517 0.494 0.484 0.477 0.476
100.56250 0.548 0.528 0.506 0.481 0.470 0.461 0.461
100.62500 0.542 0.520 0.496 0.468 0.455 0.446 0.445
100.68750 0.536 0.512 0.486 0.455 0.441 0.430 0.430
100.75000 0.530 0.504 0.475 0.442 0.427 0.415 0.414
100.81250 0.524 0.496 0.465 0.428 0.412 0.400 0.399
100.87500 0.519 0.488 0.455 0.415 0.398 0.384 0.384
100.93750 0.513 0.480 0.444 0.402 0.383 0.369 0.368
--------------------------------------------------------------------------------------------------------------------------------
WAL 11.92 8.39 6.32 4.89 4.44 4.14 4.13
--------------------------------------------------------------------------------------------------------------------------------
Prin Beg Dt 05/25/2010 06/25/2008 07/25/2007 09/25/2007 10/25/2007 12/25/2007 02/25/2008
--------------------------------------------------------------------------------------------------------------------------------
Prin End Dt 02/25/2022 03/25/2017 02/25/2014 09/25/2011 09/25/2010 09/25/2009 11/25/2008
--------------------------------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and Banc of
America Securities LLC (the "Underwriter") is not soliciting any action based
upon it. This material is not to be construed as an offer to sell or the
solicitation of any offer to buy any security in any jurisdiction where such an
offer or solicitation would be illegal. This material is based on information
that the Underwriter considers reliable, but the Underwriter does not represent
that it is accurate or complete and it should not be relied upon as such. By
accepting this material the recipient agrees that it will not distribute or
provide the material to any other person. The information contained in this
material may pertain to securities that ultimately are not sold. The information
contained in this material may be based on assumptions regarding market
conditions and other matters as reflected herein. The Underwriter makes no
representation regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such
purposes. The Underwriter and its affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including all cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. Any information in the material, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
ABFC 2004-OPT4
OLTV>80 & NO MI
1. Mortgage Coupons
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Mortgage Coupons Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500 2 $ 322,366.24 0.66% 46.21% 5.32% 616 90.00% 360 358 2
5.501 - 6.000 12 3,164,539.93 6.52 47.79 5.945 621 90.95 360 358 2
6.001 - 6.500 21 5,341,446.01 11.01 44.9 6.306 601 89.5 360 358 2
6.501 - 7.000 39 8,087,533.24 16.67 44.03 6.789 607 90.02 360 358 2
7.001 - 7.500 37 7,732,442.01 15.94 44.25 7.335 591 89.87 360 358 2
7.501 - 8.000 66 10,919,558.63 22.5 44.21 7.785 580 90.41 359 356 2
8.001 - 8.500 30 3,800,275.57 7.83 37.98 8.288 570 90.48 360 358 2
8.501 - 9.000 33 4,501,413.91 9.28 42.75 8.806 565 92.2 360 358 2
9.001 - 9.500 20 2,019,139.18 4.16 40.7 9.271 552 91.26 360 358 2
9.501 - 10.000 14 1,473,022.07 3.04 43.5 9.706 533 91.65 360 358 2
10.001 - 10.500 6 478,801.65 0.99 32.88 10.284 548 89.92 360 358 2
10.501 - 11.000 7 559,532.40 1.15 42.71 10.68 571 92.3 360 358 2
11.001 - 11.500 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
11.501 - 12.000 1 71,397.06 0.15 29.41 11.8 582 95 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
2. Combined Original LTV
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Combined Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Original LTV Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
80.01 - 85.00 36 $ 5,800,458.18 11.95% 45.27% 7.57% 569 84.28% 358 355 2
85.01 - 90.00 169 30,254,677.67 62.35 42.78 7.445 590 89.69 360 358 2
90.01 - 95.00 77 11,540,378.10 23.78 44.88 7.791 581 94.88 360 358 2
95.01 - 100.00 7 927,200.93 1.91 41.35 8.881 633 99.57 360 357 3
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
3. Principal Balance
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Principal Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Balance Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
less than 50,000.00 1$49,933.22 0.10% 10.49% 8.04% 591 80.65% 360 358 2
50,000.01 - 75,000.00 32 2,019,266.67 4.16 38.06 9.231 589 92.66 360 358 2
75,000.01 - 100,000.00 59 5,051,919.82 10.41 41.43 8.557 563 90.69 357 355 2
100,000.01 - 125,000.00 36 4,117,378.27 8.49 44.21 7.96 576 90.68 360 358 2
125,000.01 - 150,000.00 45 6,169,929.16 12.72 43.17 7.799 576 90.68 360 358 2
150,000.01 - 175,000.00 17 2,765,662.17 5.7 44.29 7.517 586 92.37 360 358 2
175,000.01 - 200,000.00 18 3,263,651.32 6.73 44.44 7.293 572 90.71 360 358 2
200,000.01 - 225,000.00 21 4,511,200.51 9.3 45.51 7.261 582 89.3 360 358 2
225,000.01 - 250,000.00 10 2,393,157.42 4.93 44.39 7.176 597 88.98 360 358 2
250,000.01 - 275,000.00 7 1,817,858.49 3.75 42.02 6.819 607 90.63 360 358 2
275,000.01 - 300,000.00 7 2,010,338.53 4.14 43.33 7.826 579 91.13 360 358 2
300,000.01 - 325,000.00 6 1,890,343.61 3.9 38.78 6.796 604 88.46 360 358 2
325,000.01 - 350,000.00 4 1,335,601.17 2.75 49.55 6.661 609 92.19 360 358 2
350,000.01 - 375,000.00 6 2,209,684.66 4.55 45.66 7.264 611 89.97 360 358 2
375,000.01 - 400,000.00 8 3,124,098.19 6.44 47.19 6.915 597 90.82 360 358 2
400,000.01 - 425,000.00 2 827,781.78 1.71 49.34 6.895 585 89.97 360 358 2
450,000.01 - 475,000.00 3 1,393,607.79 2.87 45.53 6.826 612 87.03 360 358 2
475,000.01 - 500,000.00 4 1,967,793.57 4.06 39.49 7.386 578 87.15 360 357 3
500,000.01 - 525,000.00 2 1,042,231.54 2.15 44.4 7.724 616 97.45 360 358 2
550,000.01 - 575,000.00 1 561,276.99 1.16 34.96 7.65 637 90 360 357 3
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
4. Original Term to Maturity
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Original Term Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
180 1$ 76,055.99 0.16% 51.66% 7.99% 590 81.56% 180 178 2
360 288 48,446,658.89 99.84 43.54 7.569 586 90.48 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
5. Remaining Term to Maturity
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Remaining Term Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
176 - 180 1 $ 76,055.99 0.16% 51.66% 7.99% 590 81.56% 180 178 2
356 - 360 288 48,446,658.89 99.84 43.54 7.569 586 90.48 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
W.A.: 357.5 months
Lowest: 178 months
Highest: 358 months
6. Credit Score
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Credit Score Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
651 - 700 12 $ 2,091,671.37 4.31% 43.19% 7.27% 657 91.25% 360 357 3
601 - 650 85 17,356,589.41 35.77 42.62 6.993 623 90.71 360 358 2
551 - 600 117 18,440,054.48 38 44.3 7.648 575 90.59 359 357 2
501 - 550 73 10,495,069.01 21.63 43.94 8.423 532 89.66 360 358 2
451 - 500 1 88,083.63 0.18 39.41 8.1 500 90 360 358 2
0 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
W.A.: 586
Lowest: 500
Highest: 685
7. Credit Grade
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Credit Grade Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
A 72 $10,089,638.41 20.79% 43.51% 8.19% 547 89.29% 360 358 2
AA 160 27,343,383.08 56.35 45.1 7.439 590 91.44 359 357 2
AA+ 4 520,808.32 1.07 44.68 8.187 604 90.85 360 358 2
B 5 586,482.59 1.21 42.03 8.506 540 85.78 360 358 2
NG 48 9,982,402.48 20.57 39.41 7.209 617 89.25 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
8. Property Type
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Property Type Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
Single Family 210 $34,150,434.25 70.38% 43.65% 7.66% 582 90.32% 360 357 2
Low Rise Condo 31 4,937,902.69 10.18 43.58 7.534 579 90.81 360 358 2
PUD 25 4,671,799.55 9.63 44.2 7.455 607 91.25 360 358 2
Multi Family - 2 Units 10 2,289,908.25 4.72 46.77 6.89 604 92.67 360 358 2
Multi Family - 3 Units 4 1,743,208.84 3.59 40.85 7.118 603 89.09 360 358 2
MF Housing 6 435,207.66 0.9 31.01 7.511 578 84.5 360 358 2
High Rise Condo 3 294,253.64 0.61 31.66 7.479 598 89.08 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
9. Occupancy Status
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Occupancy Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Status Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 281 $47,210,684.34 97.30% 43.47% 7.57% 586 90.49% 360 358 2
Second Home 6 961,471.93 1.98 48.35 7.217 607 89.6 346 343 3
Investor 2 350,558.61 0.72 41.67 8.8 593 90 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
10. Documentation
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Documentation Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
Full Documentation 228 $34,089,516.45 70.25% 44.56% 7.78% 572 91.25% 360 357 2
Stated Income
Documentation 60 14,209,500.64 29.28 41.11 7.058 621 88.71 360 358 2
Lite Documentation 1 223,697.79 0.46 46.1 7.99 550 82.35 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
11. Loan Purpose
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Loan Purpose Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
C/O Refi 185 $31,380,639.69 64.67% 41.64% 7.53% 586 89.41% 360 357 2
Purchase 69 10,037,312.40 20.69 45.72 7.909 587 93.05 360 358 2
R/T Refi 35 7,104,762.79 14.64 48.95 7.267 585 91.46 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
12. Product Type
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Product Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Type Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
2/28/6/6ML FULL AM 263 $44,651,592.51 92.02% 43.46% 7.55% 586 90.42% 360 358 2
3/27/6/6ML FULL AM 11 1,900,268.91 3.92 40.36 7.082 595 90.82 360 358 2
30 YR FIXED FULL AM 14 1,894,797.47 3.9 48.53 8.48 589 91.63 360 358 2
15 YR FIXED FULL AM 1 76,055.99 0.16 51.66 7.99 590 81.56 180 178 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
13. Amortization
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Amortization Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
FULL AM 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
14. Lien Position
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Lien Position Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
1 282 $48,037,687.77 99.00% 43.57% 7.55% 586 90.42% 360 357 2
2 7 485,027.11 1 41.48 9.322 650 94.78 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
15. Prepayment Penalty Term
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Prepayment Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Penalty Term Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
0 64 $12,196,713.79 25.14% 42.30% 7.41% 594 89.60% 360 358 2
12 4 685,268.19 1.41 47.59 6.724 602 89.72 360 358 2
24 201 32,628,227.86 67.24 43.61 7.626 582 90.76 360 358 2
30 1 201,881.69 0.42 44.64 7.9 610 85 360 357 3
36 19 2,810,623.35 5.79 47.29 7.798 592 91.35 355 353 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
16. Geographic Distribution
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Geographic Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Distribution Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
California 29 $ 7,815,821.37 16.11% 43.32% 7.34% 585 90.41% 360 358 2
Florida 37 5,476,149.41 11.29 43.47 7.88 583 90.77 360 358 2
Massachussetts 16 4,805,777.12 9.9 45.78 7.038 589 90.08 360 358 2
New York 15 3,746,818.98 7.72 41.4 6.613 620 88.68 360 358 2
New Jersey 8 2,425,503.95 5 47.23 7.167 586 90.2 360 358 2
Illinois 13 2,227,089.57 4.59 39.51 7.442 599 89.71 360 358 2
Texas 16 2,113,284.46 4.36 47.58 8.292 566 94.06 360 358 2
Colorado 11 2,033,475.07 4.19 45.5 7.208 601 89.82 360 358 2
Ohio 19 1,961,974.83 4.04 43.59 8.942 549 89.96 360 358 2
Virginia 12 1,753,514.76 3.61 39.01 7.373 588 90.47 360 358 2
Michigan 13 1,448,169.56 2.98 41.61 8.02 559 89.91 360 358 2
Wisconsin 8 1,363,137.57 2.81 39.01 7.708 594 90.18 360 358 2
Pennsylvania 11 1,289,348.02 2.66 45.77 8.219 583 91.57 349 347 2
Georgia 11 1,285,976.14 2.65 40.98 8.833 573 91.4 360 358 2
Maryland 4 865,472.40 1.78 44.79 7.824 586 90 360 358 2
Indiana 7 834,581.80 1.72 40.15 8.182 575 90.93 360 358 2
Washington 5 762,713.91 1.57 46.31 7.27 619 90.87 360 358 2
New Hampshire 4 632,278.56 1.3 44.01 6.727 604 90.13 360 358 2
Tennessee 5 529,171.73 1.09 41.53 8.244 540 90.65 360 357 3
Missouri 6 493,656.97 1.02 44.73 8.794 570 91.71 360 358 2
Nevada 4 491,758.43 1.01 39.92 7.427 594 88.02 360 358 2
North Carolina 4 470,542.84 0.97 42.87 7.947 567 86.9 360 358 2
Connecticut 2 463,681.30 0.96 47.02 6.365 603 95 360 358 2
Alabama 5 443,462.51 0.91 47.5 8.317 580 91.56 360 357 3
Minnesota 3 424,820.26 0.88 49.09 6.66 606 90 360 358 2
Arizona 3 387,483.68 0.8 44.11 7.514 622 91.84 360 358 2
Rhode Island 2 345,720.93 0.71 45.06 6.381 634 92.46 360 358 2
South Carolina 3 332,881.50 0.69 47.04 8.422 519 91.37 360 358 2
Kentucky 4 317,853.48 0.66 40.01 7.879 603 90.84 360 358 2
Louisiana 3 313,604.66 0.65 44.02 8.35 568 92.96 360 358 2
Maine 2 181,454.28 0.37 41.15 8.003 562 91.83 360 358 2
Montana 1 158,423.30 0.33 44.57 7.85 571 95 360 358 2
Oklahoma 1 130,323.94 0.27 45.5 7.99 571 90 360 358 2
Arkansas 1 103,375.19 0.21 41.21 8.54 519 88.46 360 358 2
Delaware 1 93,412.40 0.19 46.45 9.75 513 85 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 289 $48,522,714.88 100.00% 43.55% 7.57% 586 90.46% 360 357 2
-----------------------------------------------------------------------------------------------------------------------------------
17. Gross Margin
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Gross Margin Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000 2 $ 723,070.96 1.55% 49.75% 6.06% 607 90.00% 360 358 2
4.001 - 4.500 14 3,693,836.40 7.93 40.38 6.291 635 88.68 360 358 2
4.501 - 5.000 29 7,071,550.73 15.19 44.94 6.763 607 90.15 360 358 2
5.001 - 5.500 48 8,879,775.14 19.08 43.46 7.055 610 89.93 360 358 2
5.501 - 6.000 37 6,594,154.36 14.17 44.71 7.373 577 89.99 360 358 2
6.001 - 6.500 32 5,201,962.74 11.17 41.38 7.747 571 90.63 360 358 2
6.501 - 7.000 43 6,264,318.21 13.46 43.22 8.032 560 91.3 360 358 2
7.001 - 7.500 23 3,109,612.83 6.68 42.59 8.74 567 92.86 360 358 2
7.501 - 8.000 24 2,646,654.12 5.69 42.65 9.012 550 91.24 360 358 2
8.001 - 8.500 14 1,674,115.14 3.6 44.28 9.111 548 89.58 360 358 2
8.501 - 9.000 5 415,886.03 0.89 35.62 10.023 521 93.09 360 358 2
9.001 - 9.500 2 160,009.86 0.34 47.76 9.889 564 92.48 360 357 3
9.501 - 10.000 1 116,914.90 0.25 50.49 10.93 544 90 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
18. Initial Cap
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Initial Cap Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
3 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
19. Periodic Cap
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Periodic Cap Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
1 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
20. Maximum Rate
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Maximum Rate Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500 2 $ 322,366.24 0.69% 46.21% 5.32% 616 90.00% 360 358 2
11.501 - 12.000 12 3,164,539.93 6.8 47.79 5.945 621 90.95 360 358 2
12.001 - 12.500 21 5,341,446.01 11.47 44.9 6.306 601 89.5 360 358 2
12.501 - 13.000 38 7,879,643.55 16.93 43.78 6.79 607 90.15 360 358 2
13.001 - 13.500 37 7,732,442.01 16.61 44.25 7.335 591 89.87 360 358 2
13.501 - 14.000 62 10,053,712.36 21.6 43.55 7.782 580 90.54 360 358 2
14.001 - 14.500 29 3,720,529.86 7.99 38.07 8.291 568 90.6 360 358 2
14.501 - 15.000 30 4,204,451.61 9.03 42.26 8.804 561 91.85 360 358 2
15.001 - 15.500 17 1,719,010.14 3.69 40.01 9.259 548 90.25 360 358 2
15.501 - 16.000 14 1,473,022.07 3.16 43.5 9.706 533 91.65 360 358 2
16.001 - 16.500 6 478,801.65 1.03 32.88 10.284 548 89.92 360 358 2
16.501 - 17.000 5 410,649.01 0.88 41.22 10.682 559 92.74 360 358 2
17.001 - 17.500 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
21. Minimum Rate
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Minimum Rate Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500 2 $ 322,366.24 0.69% 46.21% 5.32% 616 90.00% 360 358 2
5.501 - 6.000 12 3,164,539.93 6.8 47.79 5.945 621 90.95 360 358 2
6.001 - 6.500 21 5,341,446.01 11.47 44.9 6.306 601 89.5 360 358 2
6.501 - 7.000 38 7,879,643.55 16.93 43.78 6.79 607 90.15 360 358 2
7.001 - 7.500 37 7,732,442.01 16.61 44.25 7.335 591 89.87 360 358 2
7.501 - 8.000 62 10,053,712.36 21.6 43.55 7.782 580 90.54 360 358 2
8.001 - 8.500 29 3,720,529.86 7.99 38.07 8.291 568 90.6 360 358 2
8.501 - 9.000 30 4,204,451.61 9.03 42.26 8.804 561 91.85 360 358 2
9.001 - 9.500 17 1,719,010.14 3.69 40.01 9.259 548 90.25 360 358 2
9.501 - 10.000 14 1,473,022.07 3.16 43.5 9.706 533 91.65 360 358 2
10.001 - 10.500 6 478,801.65 1.03 32.88 10.284 548 89.92 360 358 2
10.501 - 11.000 5 410,649.01 0.88 41.22 10.682 559 92.74 360 358 2
11.001 - 11.500 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
22. Next Rate Adjustment Date
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Next Rate Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Adjustment Date Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
-----------------------------------------------------------------------------------------------------------------------------------
2/1/2006 1 $ 155,189.43 0.33% 50.71% 7.35% 599 89.71% 360 356 4
3/1/2006 59 10,970,041.67 23.57 42.26 7.754 593 90.14 360 357 3
4/1/2006 203 33,526,361.41 72.02 43.83 7.486 583 90.51 360 358 2
3/1/2007 2 279,234.37 0.6 46.43 7.592 555 88.07 360 357 3
4/1/2007 9 1,621,034.54 3.48 39.32 6.994 602 91.3 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
Total: 274 $46,551,861.42 100.00% 43.34% 7.53% 586 90.43% 360 358 2
-----------------------------------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information, and Banc of
America Securities LLC (the "Underwriter") is not soliciting any action based
upon it. This material is not to be construed as an offer to sell or the
solicitation of any offer to buy any security in any jurisdiction where such an
offer or solicitation would be illegal. This material is based on information
that the Underwriter considers reliable, but the Underwriter does not represent
that it is accurate or complete, and it should not be relied upon as such. By
accepting this material, the recipient agrees that it will not distribute or
provide the material to any other person. The information contained in this
material may pertain to securities that ultimately are not sold. The information
contained in this material may be based on assumptions regarding market
conditions and other matters as reflected herein. The Underwriter makes no
representation regarding the reasonableness of such assumptions, or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such
purposes. The Underwriter and its affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and/or buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC"), and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including all cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. Any information in the material, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not as an agent for
the issuer in connection with the proposed transaction.
ABFC 2004-OPT4
OCLTV > 60 & No MI
1. Mortgage Coupons
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Mortgage Coupons Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500 3 $432,512.43 0.87% 45.97% 5.30% 631 87.45% 360 358 2
5.501 - 6.000 13 3,339,373.21 6.7 47.15 5.935 626 90.38 360 358 2
6.001 - 6.500 21 5,341,446.01 10.72 44.9 6.306 601 89.5 360 358 2
6.501 - 7.000 40 8,152,222.43 16.36 44.03 6.789 607 89.85 360 358 2
7.001 - 7.500 37 7,732,442.01 15.52 44.25 7.335 591 89.87 360 358 2
7.501 - 8.000 66 10,919,558.63 21.92 44.21 7.785 580 90.41 359 356 2
8.001 - 8.500 31 3,924,113.62 7.88 38.21 8.284 569 90.15 360 358 2
8.501 - 9.000 34 4,557,350.89 9.15 42.43 8.806 565 92.05 360 358 2
9.001 - 9.500 21 2,074,054.25 4.16 40.74 9.273 555 90.66 360 358 2
9.501 - 10.000 14 1,473,022.07 2.96 43.5 9.706 533 91.65 360 358 2
10.001 - 10.500 7 578,635.82 1.16 36.78 10.321 560 85.37 360 358 2
10.501 - 11.000 8 616,275.81 1.24 41.06 10.691 570 91.16 343 341 2
11.001 - 11.500 6 375,571.46 0.75 36.38 11.229 567 72.81 333 331 2
11.501 - 12.000 2 141,554.85 0.28 27.45 11.8 564 80.13 360 358 2
12.001 - 12.500 1 59,968.78 0.12 43.48 12.45 519 71 360 358 2
13.001 - 13.500 1 100,933.81 0.2 47.33 13.25 586 73.01 360 357 3
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
2. Combined Original LTV
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Combined Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Original LTV Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
60.01 - 65.00 4 $286,706.52 0.58% 39.29% 11.08% 598 64.49% 325 323 2
65.01 - 70.00 4 256,011.99 0.51 38.17 9.721 594 69.41 360 358 2
70.01 - 75.00 3 232,104.78 0.47 45.04 12.445 555 73.1 360 358 2
75.01 - 80.00 5 521,497.91 1.05 36.83 7.099 634 79.99 340 338 2
80.01 - 85.00 36 5,800,458.18 11.64 45.27 7.572 569 84.28 358 355 2
85.01 - 90.00 169 30,254,677.67 60.73 42.78 7.445 590 89.69 360 358 2
90.01 - 95.00 77 11,540,378.10 23.16 44.88 7.791 581 94.88 360 358 2
95.01 - 100.00 7 927,200.93 1.86 41.35 8.881 633 99.57 360 357 3
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
3. Principal Balance
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Principal Balance Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
less than 50,000.00 1 $49,933.22 0.10% 10.49% 8.04% 591 80.65% 360 358 2
50,000.01 - 75,000.00 42 2,629,054.05 5.28 36.9 9.528 587 87.58 352 350 2
75,000.01 - 100,000.00 61 5,228,702.31 10.5 41.72 8.634 564 89.86 357 355 2
100,000.01 - 125,000.00 39 4,452,296.32 8.94 44.34 8.018 578 89.72 360 358 2
125,000.01 - 150,000.00 45 6,169,929.16 12.38 43.17 7.799 576 90.68 360 358 2
150,000.01 - 175,000.00 18 2,940,495.45 5.9 43.78 7.411 594 91.63 360 358 2
175,000.01 - 200,000.00 18 3,263,651.32 6.55 44.44 7.293 572 90.71 360 358 2
200,000.01 - 225,000.00 21 4,511,200.51 9.06 45.51 7.261 582 89.3 360 358 2
225,000.01 - 250,000.00 10 2,393,157.42 4.8 44.39 7.176 597 88.98 360 358 2
250,000.01 - 275,000.00 7 1,817,858.49 3.65 42.02 6.819 607 90.63 360 358 2
275,000.01 - 300,000.00 7 2,010,338.53 4.04 43.33 7.826 579 91.13 360 358 2
300,000.01 - 325,000.00 6 1,890,343.61 3.79 38.78 6.796 604 88.46 360 358 2
325,000.01 - 350,000.00 4 1,335,601.17 2.68 49.55 6.661 609 92.19 360 358 2
350,000.01 - 375,000.00 6 2,209,684.66 4.44 45.66 7.264 611 89.97 360 358 2
375,000.01 - 400,000.00 8 3,124,098.19 6.27 47.19 6.915 597 90.82 360 358 2
400,000.01 - 425,000.00 2 827,781.78 1.66 49.34 6.895 585 89.97 360 358 2
450,000.01 - 475,000.00 3 1,393,607.79 2.8 45.53 6.826 612 87.03 360 358 2
475,000.01 - 500,000.00 4 1,967,793.57 3.95 39.49 7.386 578 87.15 360 357 3
500,000.01 - 525,000.00 2 1,042,231.54 2.09 44.4 7.724 616 97.45 360 358 2
550,000.01 - 575,000.00 1 561,276.99 1.13 34.96 7.65 637 90 360 357 3
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
4. Original Term to Maturity
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Original Term Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
180 3 $188,131.10 0.38% 38.52% 9.75% 572 76.20% 180 178 2
360 302 49,630,904.98 99.62 43.46 7.611 587 90.07 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
5. Remaining Term to Maturity
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Remaining Term Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
to Maturity Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
176 - 180 3 $188,131.10 0.38% 38.52% 9.75% 572 76.20% 180 178 2
356 - 360 302 49,630,904.98 99.62 43.46 7.611 587 90.07 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
W.A.: 357.1 months
Lowest: 178 months
Highest: 358 months
6. Credit Score
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Credit Score Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
701 - 750 1 $174,833.28 0.35% 35.71% 5.75% 711 80.00% 360 358 2
651 - 700 15 2,318,115.49 4.65 42.99 7.33 658 89.48 360 357 3
601 - 650 87 17,521,112.77 35.17 42.7 7.012 623 90.48 360 358 2
551 - 600 122 18,768,459.79 37.67 44.1 7.713 575 90.29 358 356 2
501 - 550 78 10,897,184.14 21.87 43.83 8.503 532 89.05 360 358 2
451 - 500 1 88,083.63 0.18 39.41 8.1 500 90 360 358 2
0 1 51,246.98 0.1 32.53 11.2 0 95 360 357 3
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
W.A.: 587
Lowest: 500
Highest: 711
7. Credit Grade
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Credit Grade Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
A 75 $10,326,156.85 20.73% 43.28% 8.21% 547 89.08% 359 357 2
AA 164 27,659,034.91 55.52 45.13 7.486 591 91.18 360 357 2
AA+ 5 585,497.51 1.18 44.68 8.034 609 88.43 360 358 2
B 5 586,482.59 1.18 42.03 8.506 540 85.78 360 358 2
C 3 203,482.21 0.41 40.68 11.246 538 70.39 311 309 2
CC 2 131,540.65 0.26 28.95 11.52 602 65 360 358 2
NG 51 10,326,841.36 20.73 39.35 7.186 618 88.88 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
8. Property Type
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Property Type Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
Single Family 221 $35,006,753.03 70.27% 43.51% 7.69% 583 89.90% 359 357 2
Low Rise Condo 31 4,937,902.69 9.91 43.58 7.534 579 90.81 360 358 2
PUD 26 4,772,733.36 9.58 44.26 7.577 606 90.86 360 358 2
Multi Family - 2 Units 10 2,289,908.25 4.6 46.77 6.89 604 92.67 360 358 2
Multi Family - 3 Units 5 1,843,043.01 3.7 41.64 7.302 604 87.7 360 358 2
MF Housing 6 435,207.66 0.87 31.01 7.511 578 84.5 360 358 2
High Rise Condo 3 294,253.64 0.59 31.66 7.479 598 89.08 360 358 2
Multi Family - 4 Units 3 239,234.44 0.48 34.58 9.084 555 77.51 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
9. Occupancy Status
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Occupancy Status Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
Owner Occupied 291 $48,036,396.28 96.42% 43.42% 7.59% 586 90.21% 360 357 2
Second Home 6 961,471.93 1.93 48.35 7.217 607 89.6 346 343 3
Investor 8 821,167.87 1.65 39.25 9.525 586 79.14 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
10. Documentation
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Documentation Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
Full Documentation 237 $34,889,293.81 70.03% 44.39% 7.80% 573 90.88% 359 357 2
Stated Income
Documentation 66 14,641,355.29 29.39 41.15 7.186 620 88.17 359 357 2
Lite Documentation 1 223,697.79 0.45 46.1 7.99 550 82.35 360 358 2
No Doc 1 64,689.19 0.13 0 6.8 649 68.94 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
11. Loan Purpose
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Loan Purpose Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
C/O Refi 196 $32,177,772.77 64.59% 41.55% 7.61% 586 89.00% 359 357 2
Purchase 70 10,212,145.68 20.5 45.55 7.872 589 92.83 360 358 2
R/T Refi 39 7,429,117.63 14.91 48.77 7.327 587 90.57 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
12. Product Type
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Product Type Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
2/28/6/6ML FULL AM 267 $44,966,214.52 90.26% 43.41% 7.56% 586 90.30% 360 358 2
30 YR FIXED FULL AM 24 2,764,421.55 5.55 46.49 8.799 599 85.74 360 358 2
3/27/6/6ML FULL AM 11 1,900,268.91 3.81 40.36 7.082 595 90.82 360 358 2
15 YR FIXED FULL AM 3 188,131.10 0.38 38.52 9.752 572 76.2 180 178 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
13. Amortization
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Amortization Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
FULL AM 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
14. Lien Position
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Lien Position Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
1 293 $48,961,613.73 98.28% 43.46% 7.57% 586 90.12% 360 357 2
2 12 857,422.35 1.72 42.88 10.238 624 84.25 348 346 2
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
15. Prepayment Penalty Term
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Prepayment Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Penalty Term Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
0 70 $12,724,185.67 25.54% 42.36% 7.51% 593 89.00% 360 358 2
12 4 685,268.19 1.38 47.59 6.724 602 89.72 360 358 2
24 204 32,819,011.82 65.88 43.53 7.636 583 90.64 360 358 2
30 1 201,881.69 0.41 44.64 7.9 610 85 360 357 3
36 26 3,388,688.71 6.8 45.83 8.04 597 88.09 350 348 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
16. Geographic Distribution
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Geographic Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Disribution Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
California 32 $8,150,457.60 16.36% 43.31% 7.38% 588 89.71% 360 358 2
Florida 38 5,532,892.82 11.11 43.28 7.91 583 90.65 358 356 2
Massachussetts 16 4,805,777.12 9.65 45.78 7.038 589 90.08 360 358 2
New York 15 3,746,818.98 7.52 41.4 6.613 620 88.68 360 358 2
New Jersey 8 2,425,503.95 4.87 47.23 7.167 586 90.2 360 358 2
Illinois 14 2,350,927.62 4.72 39.82 7.479 596 89.2 360 358 2
Texas 18 2,228,680.85 4.47 46.31 8.385 566 93.07 360 358 2
Ohio 21 2,093,515.48 4.2 42.67 9.104 552 88.39 360 358 2
Colorado 11 2,033,475.07 4.08 45.5 7.208 601 89.82 360 358 2
Virginia 12 1,753,514.76 3.52 39.01 7.373 588 90.47 360 358 2
Michigan 13 1,448,169.56 2.91 41.61 8.02 559 89.91 360 358 2
Wisconsin 8 1,363,137.57 2.74 39.01 7.708 594 90.18 360 358 2
Georgia 12 1,362,924.46 2.74 41.09 8.972 570 90.19 360 358 2
Pennsylvania 12 1,354,037.21 2.72 45.77 8.151 586 90.48 350 348 2
Maryland 6 1,076,552.40 2.16 45.08 8.069 595 87.38 360 358 2
Indiana 7 834,581.80 1.68 40.15 8.182 575 90.93 360 358 2
Washington 5 762,713.91 1.53 46.31 7.27 619 90.87 360 358 2
New Hampshire 4 632,278.56 1.27 44.01 6.727 604 90.13 360 358 2
North Carolina 5 541,745.03 1.09 42.9 8.388 564 85.33 360 358 2
Tennessee 5 529,171.73 1.06 41.53 8.244 540 90.65 360 357 3
Missouri 6 493,656.97 0.99 44.73 8.794 570 91.71 360 358 2
Nevada 4 491,758.43 0.99 39.92 7.427 594 88.02 360 358 2
Connecticut 2 463,681.30 0.93 47.02 6.365 603 95 360 358 2
Alabama 5 443,462.51 0.89 47.5 8.317 580 91.56 360 357 3
Arizona 4 442,398.75 0.89 43.86 7.738 627 88.94 360 358 2
Minnesota 3 424,820.26 0.85 49.09 6.66 606 90 360 358 2
Rhode Island 2 345,720.93 0.69 45.06 6.381 634 92.46 360 358 2
South Carolina 3 332,881.50 0.67 47.04 8.422 519 91.37 360 358 2
Kentucky 4 317,853.48 0.64 40.01 7.879 603 90.84 360 358 2
Louisiana 3 313,604.66 0.63 44.02 8.35 568 92.96 360 358 2
Maine 2 181,454.28 0.36 41.15 8.003 562 91.83 360 358 2
Montana 1 158,423.30 0.32 44.57 7.85 571 95 360 358 2
Oklahoma 1 130,323.94 0.26 45.5 7.99 571 90 360 358 2
Arkansas 1 103,375.19 0.21 41.21 8.54 519 88.46 360 358 2
Delaware 1 93,412.40 0.19 46.45 9.75 513 85 360 358 2
North Dakota 1 55,331.70 0.11 34.59 11.1 554 65 180 178 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 305 $49,819,036.08 100.00% 43.45% 7.62% 587 90.02% 359 357 2
------------------------------------------------------------------------------------------------------------------------------------
17. Gross Margin
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Gross Margin Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
3.501 - 4.000 2 $723,070.96 1.54% 49.75% 6.06% 607 90.00% 360 358 2
4.001 - 4.500 14 3,693,836.40 7.88 40.38 6.291 635 88.68 360 358 2
4.501 - 5.000 30 7,136,239.92 15.23 44.94 6.763 608 89.96 360 358 2
5.001 - 5.500 49 9,003,613.19 19.21 43.49 7.07 609 89.79 360 358 2
5.501 - 6.000 37 6,594,154.36 14.07 44.71 7.373 577 89.99 360 358 2
6.001 - 6.500 33 5,257,899.72 11.22 41.12 7.759 571 90.52 360 358 2
6.501 - 7.000 43 6,264,318.21 13.37 43.22 8.032 560 91.3 360 358 2
7.001 - 7.500 23 3,109,612.83 6.64 42.59 8.74 567 92.86 360 358 2
7.501 - 8.000 24 2,646,654.12 5.65 42.65 9.012 550 91.24 360 358 2
8.001 - 8.500 14 1,674,115.14 3.57 44.28 9.111 548 89.58 360 358 2
8.501 - 9.000 5 415,886.03 0.89 35.62 10.023 521 93.09 360 358 2
9.001 - 9.500 2 160,009.86 0.34 47.76 9.889 564 92.48 360 357 3
9.501 - 10.000 2 187,072.69 0.4 41.1 11.256 545 80.62 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
18. Initial Cap
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Initial Cap Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
3 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
19. Periodic Cap
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Periodic Cap Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
1 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
20. Maximum Rate
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Maximum Rate Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
11.001 - 11.500 2 $322,366.24 0.69% 46.21% 5.32% 616 90.00% 360 358 2
11.501 - 12.000 12 3,164,539.93 6.75 47.79 5.945 621 90.95 360 358 2
12.001 - 12.500 21 5,341,446.01 11.4 44.9 6.306 601 89.5 360 358 2
12.501 - 13.000 39 7,944,332.74 16.95 43.78 6.79 608 89.98 360 358 2
13.001 - 13.500 37 7,732,442.01 16.5 44.25 7.335 591 89.87 360 358 2
13.501 - 14.000 62 10,053,712.36 21.45 43.55 7.782 580 90.54 360 358 2
14.001 - 14.500 30 3,844,367.91 8.2 38.31 8.286 567 90.25 360 358 2
14.501 - 15.000 31 4,260,388.59 9.09 41.93 8.805 561 91.69 360 358 2
15.001 - 15.500 17 1,719,010.14 3.67 40.01 9.259 548 90.25 360 358 2
15.501 - 16.000 14 1,473,022.07 3.14 43.5 9.706 533 91.65 360 358 2
16.001 - 16.500 6 478,801.65 1.02 32.88 10.284 548 89.92 360 358 2
16.501 - 17.000 5 410,649.01 0.88 41.22 10.682 559 92.74 360 358 2
17.001 - 17.500 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
17.501 - 18.000 1 70,157.79 0.15 25.45 11.8 546 65 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
21. Minimum Rate
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Minimum Rate Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
5.001 - 5.500 2 $322,366.24 0.69% 46.21% 5.32% 616 90.00% 360 358 2
5.501 - 6.000 12 3,164,539.93 6.75 47.79 5.945 621 90.95 360 358 2
6.001 - 6.500 21 5,341,446.01 11.4 44.9 6.306 601 89.5 360 358 2
6.501 - 7.000 39 7,944,332.74 16.95 43.78 6.79 608 89.98 360 358 2
7.001 - 7.500 37 7,732,442.01 16.5 44.25 7.335 591 89.87 360 358 2
7.501 - 8.000 62 10,053,712.36 21.45 43.55 7.782 580 90.54 360 358 2
8.001 - 8.500 30 3,844,367.91 8.2 38.31 8.286 567 90.25 360 358 2
8.501 - 9.000 31 4,260,388.59 9.09 41.93 8.805 561 91.69 360 358 2
9.001 - 9.500 17 1,719,010.14 3.67 40.01 9.259 548 90.25 360 358 2
9.501 - 10.000 14 1,473,022.07 3.14 43.5 9.706 533 91.65 360 358 2
10.001 - 10.500 6 478,801.65 1.02 32.88 10.284 548 89.92 360 358 2
10.501 - 11.000 5 410,649.01 0.88 41.22 10.682 559 92.74 360 358 2
11.001 - 11.500 1 51,246.98 0.11 32.53 11.2 0 95 360 357 3
11.501 - 12.000 1 70,157.79 0.15 25.45 11.8 546 65 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
22. Next Rate Adjustment Date
Number Percent W.A. W.A. W.A.
of Aggregate of Loans W.A. W.A. Combined Original Remaining W.A.
Next Rate Mortgage Principal by Principal X.X. Gross Credit Original Term to Term to Loan
Adjustment Date Loans Balance Balance DTI Coupon Score LTV Maturity Maturity Age
------------------------------------------------------------------------------------------------------------------------------------
2/1/2006 1 $155,189.43 0.33% 50.71% 7.35% 599 89.71% 360 356 4
3/1/2006 59 10,970,041.67 23.41 42.26 7.754 593 90.14 360 357 3
4/1/2006 207 33,840,983.42 72.21 43.75 7.498 583 90.36 360 358 2
3/1/2007 2 279,234.37 0.6 46.43 7.592 555 88.07 360 357 3
4/1/2007 9 1,621,034.54 3.46 39.32 6.994 602 91.3 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
Total: 278 $46,866,483.43 100.00% 43.29% 7.54% 586 90.32% 360 358 2
------------------------------------------------------------------------------------------------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information, and Banc of
America Securities LLC (the "Underwriter") is not soliciting any action based
upon it. This material is not to be construed as an offer to sell or the
solicitation of any offer to buy any security in any jurisdiction where such an
offer or solicitation would be illegal. This material is based on information
that the Underwriter considers reliable, but the Underwriter does not represent
that it is accurate or complete, and it should not be relied upon as such. By
accepting this material, the recipient agrees that it will not distribute or
provide the material to any other person. The information contained in this
material may pertain to securities that ultimately are not sold. The information
contained in this material may be based on assumptions regarding market
conditions and other matters as reflected herein. The Underwriter makes no
representation regarding the reasonableness of such assumptions, or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such
purposes. The Underwriter and its affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and/or buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC"), and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including all cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. Any information in the material, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not as an agent for
the issuer in connection with the proposed transaction.
ABFC 2004-OPT4 [Banc of America Securities Logo]
Assumptions
Prepay Speed 100% PPC
Loss Severity 24%
Recovery Delay 12 months
Trigger Per Model
Run to Maturity
Libor Forward Curve
Defaults are in addition to prepayments
--------------------------------------------
CDR (%) Cum Loss (%)
--------------------------------------------
Class M-1 24.1 11.29
--------------------------------------------
This Structural Term Sheet, Collateral Term Sheet, or Computational Materials,
as appropriate (the "material"), is for your private information and Banc of
America Securities LLC (the "Underwriter") is not soliciting any action based
upon it. This material is not to be construed as an offer to sell or the
solicitation of any offer to buy any security in any jurisdiction where such an
offer or solicitation would be illegal. This material is based on information
that the Underwriter considers reliable, but the Underwriter does not represent
that it is accurate or complete and it should not be relied upon as such. By
accepting this material the recipient agrees that it will not distribute or
provide the material to any other person. The information contained in this
material may pertain to securities that ultimately are not sold. The information
contained in this material may be based on assumptions regarding market
conditions and other matters as reflected herein. The Underwriter makes no
representation regarding the reasonableness of such assumptions or the
likelihood that any of such assumptions will coincide with actual market
conditions or events, and this material should not be relied upon for such
purposes. The Underwriter and its affiliates, officers, directors, partners and
employees, including persons involved in the preparation or issuance of this
material may, from time to time, have long or short positions in, and buy and
sell, the securities mentioned therein or derivatives thereof (including
options). This material may be filed with the Securities and Exchange Commission
(the "SEC") and incorporated by reference into an effective registration
statement previously filed with the SEC under Rule 415 of the Securities Act of
1933, including all cases where the material does not pertain to securities that
are ultimately offered for sale pursuant to such registration statement.
Information contained in this material is current as of the date appearing on
this material only. Information in this material regarding any assets backing
any securities discussed herein supersedes all prior information regarding such
assets. Any information in the material, whether regarding the assets backing
any securities discussed herein or otherwise, will be superseded by the
information contained in any final prospectus for any securities actually sold
to you. This material is furnished solely by the Underwriter and not by the
issuer of the securities. The issuer of the securities has not prepared,
reviewed or participated in the preparation of this material, is not responsible
for the accuracy of this material and has not authorized the dissemination of
this material. The Underwriter is acting as underwriter and not acting as agent
for the issuer in connection with the proposed transaction.
