EX-99.5 2 e23283ex99_5.txt COMPUTATION MATERIALS EXHIBIT 99.5 Option One Mortgage Loan Trust 2006-1 Available Funds Schedules FRM PPC: 50% ARM PPC: 150% Enable Call: Yes (1) Assumes the 1-month LIBOR remains constant at 20.000%. (2) Assumes the 6-month LIBOR remains constant at 20.000%. - The Effective Net WAC Rate is calculated as the Net WAC Rate plus the percentage calculated as cashflow from the Yield Maintenance Agreement expressed on a Actual/360 annual rate assuming the bond balances as the denominator. (1)(2) (1)(2) NetWac Effective Period 1 Mo LIBOR 6 Mo LIBOR Cap NetWac Rate ------ ---------- ---------- ------ ----------- 1 4.47000 4.70700 9.22 9.22 2 20.00000 20.00000 7.24 22.43 3 20.00000 20.00000 6.54 22.20 4 20.00000 20.00000 6.76 22.23 5 20.00000 20.00000 6.55 22.13 6 20.00000 20.00000 6.76 22.14 7 20.00000 20.00000 6.55 22.02 8 20.00000 20.00000 6.55 21.96 9 20.00000 20.00000 6.77 21.95 10 20.00000 20.00000 6.55 21.80 11 20.00000 20.00000 6.68 21.68 12 20.00000 20.00000 6.46 21.53 13 20.00000 20.00000 6.46 21.43 14 20.00000 20.00000 7.16 21.55 15 20.00000 20.00000 6.47 21.23 16 20.00000 20.00000 6.69 21.20 17 20.00000 20.00000 6.47 21.02 18 20.00000 20.00000 6.69 20.99 19 20.00000 20.00000 6.48 20.80 20 20.00000 20.00000 6.48 20.69 21 20.00000 20.00000 6.70 20.64 22 20.00000 20.00000 7.37 21.25 23 20.00000 20.00000 8.26 21.72 24 20.00000 20.00000 7.89 21.17 25 20.00000 20.00000 7.79 20.73 26 20.00000 20.00000 8.25 20.67 27 20.00000 20.00000 7.69 20.18 28 20.00000 20.00000 8.14 20.32 29 20.00000 20.00000 7.99 20.10 30 20.00000 20.00000 8.22 20.01 31 20.00000 20.00000 7.67 19.38 32 20.00000 20.00000 7.64 19.14 33 20.00000 20.00000 7.86 19.05 34 20.00000 20.00000 7.77 18.69 35 20.00000 20.00000 8.12 18.59 36 20.00000 20.00000 7.81 18.13 37 20.00000 20.00000 7.77 17.86 38 20.00000 20.00000 8.55 18.16 39 20.00000 20.00000 7.68 17.24 40 20.00000 20.00000 8.04 17.22 41 20.00000 20.00000 7.84 16.77 42 20.00000 20.00000 8.05 16.69 43 20.00000 20.00000 7.74 16.25 44 20.00000 20.00000 7.69 15.99 45 20.00000 20.00000 7.90 7.90 46 20.00000 20.00000 7.60 7.60 47 20.00000 20.00000 7.81 7.81 48 20.00000 20.00000 7.52 7.52 49 20.00000 20.00000 7.47 7.47 50 20.00000 20.00000 8.23 8.23 51 20.00000 20.00000 7.39 7.39 52 20.00000 20.00000 7.60 7.60 53 20.00000 20.00000 7.32 7.32 54 20.00000 20.00000 7.52 7.52 55 20.00000 20.00000 7.25 7.25 56 20.00000 20.00000 7.21 7.21 57 20.00000 20.00000 7.42 7.42 58 20.00000 20.00000 7.16 7.16 59 20.00000 20.00000 7.38 7.38 60 20.00000 20.00000 7.11 7.11 61 20.00000 20.00000 7.08 7.08 62 20.00000 20.00000 7.81 7.81 63 20.00000 20.00000 7.02 7.02 64 20.00000 20.00000 7.24 7.24 65 20.00000 20.00000 6.98 6.98 66 20.00000 20.00000 7.19 7.19 67 20.00000 20.00000 6.93 6.93 68 20.00000 20.00000 6.91 6.91 69 20.00000 20.00000 7.11 7.11 70 20.00000 20.00000 6.87 6.87 71 20.00000 20.00000 7.08 7.08 72 20.00000 20.00000 6.83 6.83 73 20.00000 20.00000 6.81 6.81 74 20.00000 20.00000 7.26 7.26 75 20.00000 20.00000 6.78 6.78 76 20.00000 20.00000 6.99 6.99 77 20.00000 20.00000 6.75 6.75 78 20.00000 20.00000 6.96 6.96 79 20.00000 20.00000 6.72 6.72 80 20.00000 20.00000 6.70 6.70 81 20.00000 20.00000 0.00 0.00 1. CLTV/FICO Matrix (to total to 100%)

2. Effective CLTV/FICO Matrix (to total to 100%)

3. FICO/Geography (to total to 100%) FICO <500 500-519 520-539 540-559 560-579 >580 ---- ------- ------- ------- ------- ---- Alabama 0.01% 0.03% 0.04% 0.03% 0.05% 0.30% Alaska 0.00% 0.00% 0.00% 0.01% 0.00% 0.03% Arizona 0.00% 0.14% 0.12% 0.11% 0.12% 1.50% Arkansas 0.00% 0.01% 0.04% 0.02% 0.00% 0.11% California 0.05% 0.95% 0.64% 1.09% 1.29% 21.93% Colorado 0.01% 0.04% 0.06% 0.11% 0.08% 1.10% Connecticut 0.01% 0.11% 0.12% 0.11% 0.18% 1.29% Delaware 0.00% 0.03% 0.03% 0.01% 0.01% 0.19% District of Columbia 0.00% 0.01% 0.01% 0.00% 0.02% 0.21% Florida 0.03% 0.59% 0.52% 0.58% 1.05% 7.70% Georgia 0.01% 0.13% 0.13% 0.14% 0.17% 1.46% Hawaii 0.00% 0.00% 0.00% 0.02% 0.07% 1.15% Idaho 0.00% 0.00% 0.03% 0.01% 0.02% 0.20% Illinois 0.00% 0.26% 0.23% 0.17% 0.18% 1.46% Indiana 0.01% 0.01% 0.03% 0.03% 0.04% 0.49% Iowa 0.00% 0.01% 0.03% 0.02% 0.02% 0.15% Kansas 0.00% 0.01% 0.00% 0.00% 0.03% 0.10% Kentucky 0.00% 0.01% 0.02% 0.02% 0.03% 0.29% Louisiana 0.01% 0.01% 0.01% 0.01% 0.03% 0.17% Maine 0.00% 0.02% 0.06% 0.08% 0.03% 0.54% Maryland 0.01% 0.23% 0.19% 0.13% 0.26% 1.53% Massachusetts 0.03% 0.20% 0.24% 0.37% 0.39% 5.43% Michigan 0.03% 0.16% 0.19% 0.18% 0.16% 1.45% Minnesota 0.00% 0.03% 0.03% 0.01% 0.04% 0.48% Mississippi 0.00% 0.01% 0.01% 0.00% 0.01% 0.09% Missouri 0.01% 0.04% 0.04% 0.04% 0.05% 0.30% Montana 0.00% 0.00% 0.01% 0.00% 0.00% 0.08% Nebraska 0.00% 0.01% 0.00% 0.01% 0.01% 0.06% Nevada 0.00% 0.08% 0.02% 0.12% 0.16% 1.13% New Hampshire 0.00% 0.04% 0.05% 0.03% 0.04% 0.69% New Jersey 0.02% 0.31% 0.27% 0.37% 0.42% 3.87% New York 0.04% 0.49% 0.38% 0.46% 0.56% 7.37% North Carolina 0.01% 0.10% 0.06% 0.06% 0.10% 0.89% North Dakota 0.00% 0.00% 0.00% 0.00% 0.01% 0.02% Ohio 0.01% 0.07% 0.10% 0.12% 0.13% 1.02% Oklahoma 0.01% 0.03% 0.03% 0.02% 0.03% 0.20% Oregon 0.00% 0.04% 0.04% 0.03% 0.07% 0.46% Pennsylvania 0.01% 0.17% 0.08% 0.13% 0.23% 1.54% Rhode Island 0.00% 0.05% 0.04% 0.07% 0.05% 1.07% South Carolina 0.00% 0.03% 0.06% 0.04% 0.08% 0.34% South Dakota 0.00% 0.00% 0.00% 0.01% 0.00% 0.03% Tennessee 0.00% 0.03% 0.03% 0.05% 0.06% 0.48% Texas 0.01% 0.35% 0.32% 0.37% 0.59% 2.87% Utah 0.00% 0.01% 0.03% 0.01% 0.04% 0.33% Vermont 0.00% 0.00% 0.00% 0.02% 0.04% 0.28% Virginia 0.02% 0.25% 0.31% 0.35% 0.27% 2.34% Washington 0.00% 0.03% 0.08% 0.06% 0.06% 1.29% Wisconsin 0.00% 0.09% 0.05% 0.04% 0.04% 0.59% Wyoming 0.00% 0.00% 0.01% 0.00% 0.01% 0.11% 4. Strats for Non Full Doc 5. Strats for IO 6. Strats for 2nd Lien 7. Strats for no MI 8. Strats for Cashout Refi 9. Strats for FICO

10. Strats for effective CLTV>80%

11. Strats for DTI >40%

12. Eff CLTV >90% ,IO, DTI>45% 1.44% Sandelman Partners Data Requested Deal Name Principal Balance: 3,021,923,783.14 Originators (Over 5%) Option One Mortgage Corporation (100%) Orig2(%) Orig3(%) Orig4(%) Servicers (Over 5%) Option One Mortgage Corporation (100%) Serv2(%) Serv3(%) MI (%) 62.00% Number of Loans 15,197 Avg Loan Balance 198,850 FRM % 22.33% ARM % (6mo/2yr/3yr/5yr/15yr) 77.67% (0.19% / 68.83% / 2.85% / 5.81%/ 0.03%) IO % 25.98% Wtd Avg IO Term (IO loans only) 60 Non-Zero Wtd Avg FICO (IO loans) 650 Wtd Avg Current Mortgage Rate (%) 7.694% Non-Zero Wtd Avg Margin (%) 5.787% Wtd Avg Initial Cap (%) 2.974% Wtd Avg Periodic Cap (%) 1.000% 1st Lien % 95.92% 2nd Lien 4.08% Non-Zero Wtd Avg FICO 625 FICO below 600 (inc. N/A)% 34.64% FICO below 550 (inc. N/A)% 13.39% Wtd Avg Comb Orig LTV 80.31% % LTV > 80 39.27% % LTV > 90 13.87% % LTV > 95 5.29% Silent 2nds % 17.00% CLTV including all silent 2nds (%) 83.62% % Full Doc 53.59% % Stated Doc 44.66% % Lite 0.50% % Business Bank Statements 0.07% % No Documentation 1.17% % Owner Occupied 91.98% % Cashout Refinance 60.83% % Purchase 33.06% % Rate Term Refinance 6.11% CA(%) 25.95% FL(%) 10.48% NY(%) 9.30% IL(%) 2.29% % Prepay Penalty 73.38% Wtd Avg Std Orig Term (mths) 359 Wtd Avg Std Rem Term (mths) 356 WALA (mths) 3 Initial O/C (% of Cutoff Balance) 1.90% Stepdown Target O/C (% of Outstanding Balance) 3.80% O/C Floor (% of Cutoff Balance) 0.50% Bank of America [LOGO] OOMLT 2006-1 Total Pool 3. FICO Score

3. FICO Score

5. Original Term

7. FRM ARM

9. Interest Only Loans

11. LIEN

13. Loan Purpose

15. Occupancy

19. Gross Margin

22. Initial Periodic Rate Cap

3. FICO Score

5. Original Term

7. FRM ARM

8. Product Type

10. Prepayment Penalty Term (Months)

11. LIEN

13. Loan Purpose

15. Occupancy

18. Silent Second

22. Initial Periodic Rate Cap

5. Original Term

7. FRM ARM

9. Interest Only Loans

11. LIEN

12. Documentation

14. Property Type

16. Credit Grade

18. Silent Second

22. Initial Periodic Rate Cap

24. Month of Next Interest Rate Adjustment

3. FICO Score

5. Original Term

7. FRM ARM

10. Prepayment Penalty Term (Months)

11. LIEN

13. Loan Purpose

15. Occupancy

18. Silent Second

23. Subsequent Periodic Rate Cap

6. Remaining Term

10. Prepayment Penalty Term (Months)

11. LIEN

13. Loan Purpose

15. Occupancy

18. Silent Second

23. Subsequent Periodic Rate Cap

3. FICO Score

5. Original Term

7. FRM ARM

9. Interest Only Loans

10. Prepayment Penalty Term (Months)

12. Documentation

13. Loan Purpose

15. Occupancy

18. Silent Second

20. Minimum Loan Rate

22. Initial Periodic Rate Cap

23. Subsequent Periodic Rate Cap

25. MI Insurer

5. Original Term

7. FRM ARM

9. Interest Only Loans

11. LIEN

12. Documentation

14. Property Type

15. Occupancy

18. Silent Second

22. Initial Periodic Rate Cap

24. Month of Next Interest Rate Adjustment

Banc of America Securities LLC -------------------------------------------------------------------------------- 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 herein 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. 16 Deal Name OOMLT 2006-1 Security Type Underwriter(s) GCM & BAS Originator(s) Option One Master Servicer Servicer(s) Trustee Mortgage Insurer Date Deal Announced Pricing Date Settlement Date Outstanding Principal Balance $3,021,923,783.14 Number of Loans 15,197 Average Principal Balance 198,850 Weighted Average Gross Coupon 7.694% Weighted Average Net Coupon Weighted Average Gross Margin 5.787% Weighted Average Initial Periodic Cap 2.974% Weighted Average Subsequent Periodic Cap 1.000% Weighted Average FICO 625 Weighted Average LTV 77.26% Weighted Average CLTV 80.31% Weighted Average Prepayment Penalty Term 25 Weighted Average Original Term to Maturity 359 Weighted Average Remaining Term to Maturity 356 Weighted Average DTI 41.09% Weighted Average IO Term 60 First Lien % 95.92% Second Lien % 4.08% Simultaneous Seconds % Silent Seconds % 17.00% Full Documentation % 53.59% Stated Documentation % 44.66% Limited Documentation % 0.50% No Documentation % 1.17% Loan Purpose % Cash Out Refinance % 60.83% Purchase % 33.06% Rate/Term Refinance % 6.11% Primary Occ 91.98% Investor Occ 5.96% Second Home 2.06% 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.

OPTION ONE MORTGAGE LOAN TRUST 2006-1 ASSET-BACKED CERTIFICATES, SERIES 2006-1 8-K