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EXISTING & PROPOSED 1ST LOAN TERMS
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Enter Current and Proposed Loan Factors:
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Current and Proposed Interest Rates
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Discount Points
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Current and Proposed Loan Terms
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Click box if Interest Only
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Enter Current and Proposed Mortgage Insurance Factors if Applicable:
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EXISTING & PROPOSED 2ND LOAN TERMS
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Enter Current and Proposed Loan Factors:
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CLOSING COSTS for 1ST LOAN
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CLOSING COSTS for 2ND LOAN
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CASH TO CLOSE OR LOAN PROCEEDS
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ANNUAL PERCENTAGE RATE
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APR is the total cost of the loan expressed as an interest rate. It is NOT the actual interest rate that you pay.
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ANNUAL PERCENTAGE RATE FOR 2ND LOAN
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RESULTS
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1ST LOAN PRE-PAYMENT ANALYSIS
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Avoid "Starting Over" by adding your savings towards principal. This shortens the term and increases savings:
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2ND LOAN PRE-PAYMENT ANALYSIS
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TOTAL PAYMENTS, COSTS & NET BENEFIT
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To determine Net Cost and Benefits we add up the total of all payments and closing costs, then subtract principal paid:
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Current |
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| Additional Details & Interest Savings Analysis: |
Current |
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QUALIFICATION
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Income Required to Qualify based on Total Payments, Expenses and Other Monthly Debts:
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| Borrowers Total Usable Income to Qualify: |
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| Total Cash to Close and Total Liquid Assets to Qualify: |
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| Total Reserve Funds Required: |
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| Qualification Quick View: |
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