These educational calculators set out to illustrate various mortgage-related scenarios or comparisons and should not be construed as an offer to lend.

Please refer to our formal disclaimer for more information.

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Benjamin Hulshof

Windmill Mortgage Services LLC

President/Mortgage Consultant

NMLS 216697 | LO.02757.000

(614) 362-6828

ben@windmillmortgage.com

www.windmillmortgage.com

3 Option Refinance Comparison
Analysis Prepared for: Property Expenses   Annual   Monthly
Real Estate Taxes    
Subject Property: Insurance    
Monthly Fee    
Current Property Value: Other    
Total    
EXISTING & PROPOSED 1ST LOAN TERMS
EXISTING & PROPOSED 2ND LOAN TERMS
Total Mo. Payments - 1st, 2nd & MI
  =
 
 
Total Monthly Expenses
  +
 
 
Total Monthly Payment w/Expenses
  =
 
 
Monthly Savings vs. Current Loan
    =
 
 
Weighted Average Interest Rate
+
 
 
CLOSING COSTS for 1ST LOAN
CLOSING COSTS for 2ND LOAN
CASH TO CLOSE OR LOAN PROCEEDS
ANNUAL PERCENTAGE RATE
RESULTS
1ST LOAN PRE-PAYMENT ANALYSIS
2ND LOAN PRE-PAYMENT ANALYSIS
TOTAL PAYMENTS, COSTS & NET BENEFIT
QUALIFICATION


Refinance Comparison - Summary & Report

LOAN BALANCE CALCULATION
Enter the current and starting dates to calculate your balance
Original Loan Balance
Original Loan Term
Current Interest Rate
Current Month and Year
Starting Month and Year
Starting Month and Year
Principal Paid to date
 
Calculated Balance - Click box to use
WEIGHTED AVERAGE RATES
Current Loans Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Loan Option 1 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Loan Option 2 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
Loan Option 3 Loan Amount Rate Annual Interest
1st Mortgage Loan
2nd Mortgage Loan
Total Loan Amount
Weighted Average Rate Equals
INCOME CALCULATION
To qualify, borrowers must demonstrate sufficient and usable regular monthly income for the program requirements
Employment Notes:
Income for Borrower 1 Income for Borrower 2
Enter an annual salary or use the calculator sections for periodic, overtime, bonus, commission, rental income, etc.
Annual Salary
Click Box to Include this Income Monthly =
Annual Salary
Click Box to Include this Income Monthly =
INCOME CALCULATORS
Additional Income From 2nd Source or Additional Borrowers