Here is a term loan financial statement:

1. Please explain the meaning of terms "Number of payments in months" and "Extra payment toward principal".

2. Please create a Loan statement for below story:

We are given a 150,000$ with a term over five years, The interest charged is 5%, Interest-only payments for the first year. Principal repayments are made in equal monthly instalments together with interest, over the remaining four years. No penalty for early repayment. A $15 program fee is charged monthly for the duration of our loan, added to your monthly repayment installment. A $50 fee at the time of disbursement. We are going to pay $6250 + interest every month.

Loan #1 Term Loan Schedule - Loan #1 Ricky's Fly In Fishing May-2022 Jun Loan amount Number of payments in months Interest rate - annualized Interest rate per month Blended loan payment calculation Blended loan payment Loan balance - start of month Interest payment Principal payment Loan balance - end of month Extra payment toward principal 0 0.00% 0.00% $0.00 $0.00 4,200 4,200 Loan #1 Term Loan Schedule - Loan #1 Ricky's Fly In Fishing May-2022 Jun Loan amount Number of payments in months Interest rate - annualized Interest rate per month Blended loan payment calculation Blended loan payment Loan balance - start of month Interest payment Principal payment Loan balance - end of month Extra payment toward principal 0 0.00% 0.00% $0.00 $0.00 4,200 4,200