
EXISTING & PROPOSED 1ST LOAN TERMS


Enter Current and Proposed Loan Factors:










Current and Proposed Interest Rates











Discount Points











Current and Proposed Loan Terms











Click box if Interest Only













Enter Current and Proposed Mortgage Insurance Factors if Applicable:



EXISTING & PROPOSED 2ND LOAN TERMS



Enter Current and Proposed Loan Factors:




CLOSING COSTS for 1ST LOAN



CLOSING COSTS for 2ND LOAN



CASH TO CLOSE OR LOAN PROCEEDS



ANNUAL PERCENTAGE RATE

APR is the total cost of the loan expressed as an interest rate. It is NOT the actual interest rate that you pay.















ANNUAL PERCENTAGE RATE FOR 2ND LOAN


RESULTS



1ST LOAN PREPAYMENT ANALYSIS

Avoid "Starting Over" by adding your savings towards principal. This shortens the term and increases savings:














2ND LOAN PREPAYMENT ANALYSIS



TOTAL PAYMENTS, COSTS & NET BENEFIT

To determine Net Cost and Benefits we add up the total of all payments and closing costs, then subtract principal paid:





Current 









Additional Details & Interest Savings Analysis: 
Current 








QUALIFICATION

Income Required to Qualify based on Total Payments, Expenses and Other Monthly Debts:














Borrowers Total Usable Income to Qualify: 










Total Cash to Close and Total Liquid Assets to Qualify: 








Total Reserve Funds Required: 









Qualification Quick View: 







