Family Hopeful's current budget

Income Calculations
Salary
Brother Hopeful

Full time

$4,800

Sister Hopeful

Part time

$350

Total

$5,150

Income
Combined Take Home Pay
401k

Other charities
tithing
Mortgage1
Mortgage 2
laundry
Utilities
Gas
Cable
Home phone
medical insurance
Car insurance
Life Insurance
Internet
cell phones
Groceries
gifts
News paper
Bowling league
lessons
Credit card 1
Credit card 2
Credit card 3
Credit Union Loan
Gas Credit card
Medical Bills
Misc.
Car
Total Expenses

1
$5,150
$

2
$5,150

3
$5,150

4
$5,150

5
$5,150

150.00 $

150.00 $

150.00 $

150.00 $

150.00

$35

$35

$35

$35

$35

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

465.00

465.00

465.00

465.00

465.00

158.00

158.00

158.00

158.00

158.00

34.67 $

34.67 $

34.67 $

34.67 $

34.67

274.37 $

274.37 $

274.37 $

274.37 $

274.37

280.85 $

280.85 $

280.85 $

280.85 $

280.85

92.72 $

92.72 $

92.72 $

92.72 $

92.72

65.07 $

65.07 $

65.07 $

65.07 $

65.07

30.00 $

30.00 $

30.00 $

30.00 $

30.00

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00
$5,733

Surplus / (Deficit)

-$583

-$583

-$583

-$583

-$583

Total Savings/(Debt)

-$583

-$1,165

-$1,748

-$2,330

-$2,913

Recommendations for saving $100 to apply towards brother and Sister Hopefuls debt.

1. They can cut down on unnecessary expenses some examples of this would be tithing. The
payed 10%. They could also cut out their home phone, get rid of cable. They could do netflix
internet and can easily look up anything on the internet. Refinancing their home is also anoth

Retirement account balance

total retirement at age 65

$339,073.19

6
$5,150
$

7
$5,150

8
$5,150

9
$5,150

10
$5,150

11
$5,150

12
$5,150

13
$5,150

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

$35

$35

$35

$35

$35

$35

$35

$35

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

465.00

465.00

465.00

465.00

465.00

465.00

465.00

465.00

158.00

158.00

158.00

158.00

158.00

158.00

158.00

158.00

34.67

34.67

34.67

34.67

34.67

34.67

34.67

34.67

274.37

274.37

274.37

274.37

274.37

274.37

274.37

274.37

280.85

280.85

280.85

280.85

280.85

280.85

280.85

280.85

92.72

92.72

92.72

92.72

92.72

92.72

92.72

92.72

65.07

65.07

65.07

65.07

65.07

65.07

65.07

65.07

30.00

30.00

30.00

30.00

30.00

30.00

30.00

30.00

200.00 $
$5,733

200.00
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

150.00

-$583

-$583

-$583

-$583

-$583

-$583

-$583

-$583

-$3,495

-$4,078

-$4,660

-$5,243

-$5,825

-$6,408

-$6,990

-$7,573

Hopefuls debt.

xamples of this would be tithing. They are paying an extra $100 to their tithing , they can save money here if they only
et rid of cable. They could do netflix for much cheaper and save money. They can get rid of the newspaper. They pay for
Refinancing their home is also another way to save money.

14
$5,150
$

15
$5,150

16
$5,150

17
$5,150

18
$5,150

19
$5,150

20
$5,150

21
$5,150

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

$35

$35

$35

$35

$35

$35

$35

$35

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

465.00

465.00

465.00

465.00

465.00

465.00

465.00

465.00

158.00

158.00

158.00

158.00

158.00

158.00

158.00

158.00

34.67

34.67

34.67

34.67

34.67

34.67

34.67

34.67

274.37

274.37

274.37

274.37

274.37

274.37

274.37

274.37

280.85

280.85

280.85

280.85

280.85

280.85

280.85

280.85

92.72

92.72

92.72

92.72

92.72

92.72

92.72

92.72

65.07

65.07

65.07

65.07

65.07

65.07

65.07

65.07

30.00

30.00

30.00

30.00

30.00

30.00

30.00

30.00

200.00 $
$5,733

200.00
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

150.00

-$583

-$583

-$583

-$583

-$583

-$583

-$583

-$583

-$8,155

-$8,738

-$9,320

-$9,903

-$10,485

-$11,068

-$11,650

-$12,233

22
$5,150
$

23
$5,150

24
$5,150

25
$5,150

26
$5,150

27
$5,150

28
Total
$5,150
$144,200

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

150.00 $

$35

$35

$35

$35

$35

$35

$35

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

$ 615.00
$ 1,149.00
$ 582.82
$
50.00
$ 275.00
$ 170.00
$
95.00
$
75.00
$ 200.00
$ 120.00
$
70.00
$
25.00
$
85.00
$ 450.00
$
15.00
$
35.00
$
85.00

465.00

465.00

465.00

465.00

465.00

465.00

465.00

$ 13,020.00

158.00

158.00

158.00

158.00

158.00

158.00

158.00

4,424.00

34.67

34.67

34.67

34.67

34.67

34.67

34.67

970.76

274.37

274.37

274.37

274.37

274.37

274.37

274.37

7,682.36

280.85

280.85

280.85

280.85

280.85

280.85

280.85

7,863.80

92.72

92.72

92.72

2,225.28

65.07

65.07

65.07

65.07

65.07

65.07

65.07

1,821.96

30.00

30.00

30.00

30.00

30.00

30.00

30.00

840.00

200.00 $
$5,640

200.00
$5,640

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,733

200.00 $
$5,640

200.00 $
$5,640

4,200.00

$980
$ 17,220.00
$ 32,172.00
$ 16,318.96
$

1,400.00

7,700.00

4,760.00

2,660.00

2,100.00

5,600.00

3,360.00

1,960.00

700.00

2,380.00

$ 12,600.00
$

420.00

980.00

2,380.00

5,600.00
$160,139

-$583

-$583

-$583

-$490

-$490

-$490

-$490

-$15,939

-$12,815

-$13,398

-$13,980

-$14,470

-$14,960

-$15,449

-$15,939

-$235,568

Listing of all debts

Debt
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage

Rate
12.0%
15.0%
11.0%
6.0%
7.0%
12.0%
15.0%
9.5%
6.0%

Total Debt

Principal
$6,000.00
$1,000.00
$12,619.08
$19,225.00
$5,200.00
$1,969.78
$1,876.97
$49,612.40
$119,412.57

# of Pmts
48
36
60
84
28
24
36
142
147

$216,915.80

Monthly Income Needed???

Annual Income Needed???
How many years to get completely out of debt?
How much in the back when you complete 30 years of payments?

$ / mth
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00

Real Debt
$7,584.00
$1,248.12
$16,462.20
$23,591.40
$5,600.00
$2,225.28
$2,342.52
$82,760.44
$168,903.00

$2,837.50

$310,716.96

$8,107.14
$97,285.71

A roll-over plan to get them completely out of debt using an extra $1

month savings. You must answer how long it will take for them to
completely out of debt?

ebt using an extra $100 per

will take for them to be
?

1.
2.
3.
4.

Develop a budget
Cut up the credit cards
Find an extra $50 / month
Put together a "roll over plan"

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

First Debt = $34.67 + $100 = $134.67

Month
1
2
3
4
5
6
7
8

Payment
$134.67
$134.67
$134.67
$134.67
$134.67
$134.67
$134.67
$134.67

15.0%
Interest
$12.50
$10.97
$9.43
$7.86
$6.28
$4.67
$3.05
$1.40

Principal
$122.17
$123.70
$125.24
$126.81
$128.39
$130.00
$131.62
$133.27

$1,000.00
Remaining Balance
$877.83
$754.13
$628.89
$502.08
$373.69
$243.69
$112.06
($21.21)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

199.74

Second Debt, after 9 mths payment goes to $65.07 + $134.67 = $199.74

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Payment
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$199.74
$199.74
$199.74
$199.74
$199.74
$199.74
$199.74
$199.74
$199.74

15.0%
Interest
$23.46
$22.94
$22.42
$21.88
$21.34
$20.80
$20.24
$19.68
$19.11
$16.86
$14.57
$12.26
$9.91
$7.54
$5.14
$2.70
$0.24

Principal
$41.61
$42.13
$42.65
$43.19
$43.73
$44.27
$44.83
$45.39
$180.63
$182.88
$185.17
$187.48
$189.83
$192.20
$194.60
$197.04
$199.50

$1,876.97
Remaining Balance
$1,835.36
$1,793.23
$1,750.58
$1,707.39
$1,663.66
$1,619.39
$1,574.56
$1,529.17
$1,348.55
$1,165.67
$980.50
$793.01
$603.19
$410.99
$216.38
$19.35
($180.15)

= $199.74

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

292.46

3rd Debt, after 17 mths payment goes to $92.72 + $199.74 = $292.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Payment
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$292.46
$292.46
$292.46

12.0%
Interest
$19.70
$18.97
$18.23
$17.49
$16.73
$15.97
$15.21
$14.43
$13.65
$12.86
$12.06
$11.25
$10.44
$9.61
$8.78
$7.94
$7.10
$6.24
$3.38
$0.49

Principal
$73.02
$73.75
$74.49
$75.23
$75.99
$76.75
$77.51
$78.29
$79.07
$79.86
$80.66
$81.47
$82.28
$83.11
$83.94
$84.78
$85.62
$286.22
$289.08
$291.97

$1,969.78
Remaining Balance
$1,896.76
$1,823.01
$1,748.52
$1,673.28
$1,597.29
$1,520.55
$1,443.03
$1,364.74
$1,285.67
$1,205.81
$1,125.14
$1,043.68
$961.39
$878.29
$794.35
$709.57
$623.95
$337.73
$48.65
($243.33)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40
492.46

After 21 mths payment goes to $200 + $292.46 = $492.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Payment
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$492.46
$492.46
$492.46
$492.46

7.0%
Interest
$30.33
$29.34
$28.35
$27.35
$26.34
$25.33
$24.31
$23.28
$22.25
$21.22
$20.17
$19.12
$18.07
$17.01
$15.94
$14.87
$13.79
$12.70
$11.61
$10.51
$9.40
$6.58
$3.75
$0.90

Principal
$169.67
$170.66
$171.65
$172.65
$173.66
$174.67
$175.69
$176.72
$177.75
$178.78
$179.83
$180.88
$181.93
$182.99
$184.06
$185.13
$186.21
$187.30
$188.39
$189.49
$483.06
$485.88
$488.71
$491.56

$5,200.00
Remaining Balance
$5,030.33
$4,859.68
$4,688.03
$4,515.37
$4,341.71
$4,167.04
$3,991.35
$3,814.63
$3,636.88
$3,458.10
$3,278.27
$3,097.39
$2,915.46
$2,732.47
$2,548.41
$2,363.27
$2,177.06
$1,989.76
$1,801.36
$1,611.87
$1,128.81
$642.94
$154.23
($337.33)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00

# of Pmts
12
24
36
48
84
60
360

$207,840.00

Monthly Income Needed???

Annual Income Needed???

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40
650.46

4th Debt, after 25 mths payment goes to $158 + $492.46 = $450.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Payment
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$650.46
$650.46
$650.46
$650.46
$650.46
$650.46

12.0%
Interest
$60.00
$59.02
$58.03
$57.03
$56.02
$55.00
$53.97
$52.93
$51.88
$50.82
$49.75
$48.66
$47.57
$46.47
$45.35
$44.23
$43.09
$41.94
$40.78
$39.61
$38.42
$37.23
$36.02
$34.80
$33.57
$32.32
$26.14
$19.90
$13.59
$7.22
$0.79

Principal
$98.00
$98.98
$99.97
$100.97
$101.98
$103.00
$104.03
$105.07
$106.12
$107.18
$108.25
$109.34
$110.43
$111.53
$112.65
$113.77
$114.91
$116.06
$117.22
$118.39
$119.58
$120.77
$121.98
$123.20
$124.43
$618.14
$624.32
$630.56
$636.87
$643.24
$649.67

$6,000.00
Remaining Balance
$5,902.00
$5,803.02
$5,703.05
$5,602.08
$5,500.10
$5,397.10
$5,293.07
$5,188.00
$5,081.88
$4,974.70
$4,866.45
$4,757.11
$4,646.69
$4,535.15
$4,422.50
$4,308.73
$4,193.82
$4,077.75
$3,960.53
$3,842.14
$3,722.56
$3,601.78
$3,479.80
$3,356.60
$3,232.17
$2,614.03
$1,989.71
$1,359.15
$722.28
$79.04
($570.63)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40
924.83

After 32 mths payment goes to $274.37 + $650.46 = $724.61

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

Payment
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$724.61
$724.61
$924.83
$924.83
$924.83
$924.83
$924.83
$924.83
$924.83

11.0%
Interest
$115.67
$114.22
$112.75
$111.27
$109.78
$108.27
$106.74
$105.21
$103.66
$102.09
$100.51
$98.92
$97.31
$95.69
$94.05
$92.40
$90.73
$89.05
$87.35
$85.63
$83.90
$82.16
$80.39
$78.62
$76.82
$75.01
$73.18
$71.34
$69.48
$67.60
$61.58
$55.50
$47.53
$39.49
$31.37
$23.18
$14.92
$6.58

Principal
$158.70
$160.15
$161.62
$163.10
$164.59
$166.10
$167.63
$169.16
$170.71
$172.28
$173.86
$175.45
$177.06
$178.68
$180.32
$181.97
$183.64
$185.32
$187.02
$188.74
$190.47
$192.21
$193.98
$195.75
$197.55
$199.36
$201.19
$203.03
$204.89
$657.01
$663.03
$869.33
$877.30
$885.34
$893.46
$901.65
$909.91
$918.25

$12,619.08
Remaining Balance
$12,460.38
$12,300.24
$12,138.62
$11,975.52
$11,810.92
$11,644.82
$11,477.19
$11,308.03
$11,137.32
$10,965.04
$10,791.18
$10,615.73
$10,438.67
$10,259.99
$10,079.67
$9,897.70
$9,714.06
$9,528.73
$9,341.71
$9,152.97
$8,962.50
$8,770.29
$8,576.32
$8,380.56
$8,183.01
$7,983.65
$7,782.47
$7,579.44
$7,374.55
$6,717.54
$6,054.50
$5,185.17
$4,307.87
$3,422.53
$2,529.07
$1,627.43
$717.52
($200.74)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

1205.68

After 39 mths payment goes to $280.85 + $924.83 = $1205.68

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85

6.0%
Interest
$96.13
$95.20
$94.27
$93.34
$92.40
$91.46
$90.51
$89.56
$88.61
$87.64
$86.68
$85.71
$84.73
$83.75
$82.77
$81.78
$80.78
$79.78
$78.77
$77.76
$76.75
$75.73
$74.70
$73.67
$72.64
$71.59
$70.55
$69.50
$68.44
$67.38
$66.31
$65.24
$64.16
$63.08
$61.99
$60.89
$59.79
$58.69
$57.58

Principal
$184.73
$185.65
$186.58
$187.51
$188.45
$189.39
$190.34
$191.29
$192.24
$193.21
$194.17
$195.14
$196.12
$197.10
$198.08
$199.07
$200.07
$201.07
$202.08
$203.09
$204.10
$205.12
$206.15
$207.18
$208.21
$209.26
$210.30
$211.35
$212.41
$213.47
$214.54
$215.61
$216.69
$217.77
$218.86
$219.96
$221.06
$222.16
$223.27

$19,225.00
Remaining Balance
$19,040.28
$18,854.63
$18,668.05
$18,480.54
$18,292.09
$18,102.70
$17,912.37
$17,721.08
$17,528.83
$17,335.63
$17,141.46
$16,946.31
$16,750.19
$16,553.10
$16,355.01
$16,155.94
$15,955.87
$15,754.80
$15,552.72
$15,349.63
$15,145.53
$14,940.41
$14,734.26
$14,527.08
$14,318.87
$14,109.61
$13,899.31
$13,687.96
$13,475.55
$13,262.07
$13,047.53
$12,831.92
$12,615.23
$12,397.46
$12,178.60
$11,958.64
$11,737.58
$11,515.42
$11,292.15

40
41
42
43
44
45
46
47
48
49

$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68

$56.46
$50.71
$44.94
$39.14
$33.30
$27.44
$21.55
$15.63
$9.68
$3.70

$1,149.22
$1,154.97
$1,160.74
$1,166.54
$1,172.38
$1,178.24
$1,184.13
$1,190.05
$1,196.00
$1,201.98

$10,142.93
$8,987.96
$7,827.22
$6,660.68
$5,488.30
$4,310.06
$3,125.93
$1,935.88
$739.88
($462.10)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

1788.5

After 50 mths payment of $582.82+$1205.68= $1788.5

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82

9.5%
Interest
$392.76
$391.26
$389.74
$388.22
$386.67
$385.12
$383.56
$381.98
$380.39
$378.79
$377.17
$375.54
$373.90
$372.25
$370.58
$368.90
$367.21
$365.50
$363.78
$362.05
$360.30
$358.54
$356.76
$354.97
$353.17
$351.35
$349.52
$347.67
$345.81
$343.93
$342.04
$340.13
$338.21
$336.28
$334.33
$332.36
$330.38
$328.38
$326.36

Principal
$190.06
$191.56
$193.08
$194.60
$196.15
$197.70
$199.26
$200.84
$202.43
$204.03
$205.65
$207.28
$208.92
$210.57
$212.24
$213.92
$215.61
$217.32
$219.04
$220.77
$222.52
$224.28
$226.06
$227.85
$229.65
$231.47
$233.30
$235.15
$237.01
$238.89
$240.78
$242.69
$244.61
$246.54
$248.49
$250.46
$252.44
$254.44
$256.46

$49,612.40
Remaining Balance
$49,422.34
$49,230.79
$49,037.71
$48,843.10
$48,646.96
$48,449.26
$48,250.00
$48,049.16
$47,846.73
$47,642.69
$47,437.04
$47,229.77
$47,020.85
$46,810.28
$46,598.04
$46,384.12
$46,168.51
$45,951.19
$45,732.15
$45,511.37
$45,288.85
$45,064.57
$44,838.51
$44,610.66
$44,381.01
$44,149.54
$43,916.24
$43,681.09
$43,444.08
$43,205.19
$42,964.41
$42,721.72
$42,477.12
$42,230.57
$41,982.08
$41,731.62
$41,479.17
$41,224.73
$40,968.27

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73

$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50
$1,788.50

$324.33
$322.29
$320.22
$318.14
$316.05
$313.94
$311.81
$309.66
$307.50
$305.32
$303.12
$291.36
$279.51
$267.57
$255.53
$243.39
$231.16
$218.83
$206.40
$193.88
$181.25
$168.53
$155.70
$142.78
$129.75
$116.62
$103.38
$90.04
$76.59
$63.04
$49.38
$35.61
$21.74
$7.75

$258.49
$260.53
$262.60
$264.68
$266.77
$268.88
$271.01
$273.16
$275.32
$277.50
$1,485.38
$1,497.14
$1,508.99
$1,520.93
$1,532.97
$1,545.11
$1,557.34
$1,569.67
$1,582.10
$1,594.62
$1,607.25
$1,619.97
$1,632.80
$1,645.72
$1,658.75
$1,671.88
$1,685.12
$1,698.46
$1,711.91
$1,725.46
$1,739.12
$1,752.89
$1,766.76
$1,780.75

$40,709.78
$40,449.25
$40,186.65
$39,921.98
$39,655.21
$39,386.32
$39,115.31
$38,842.16
$38,566.84
$38,289.34
$36,803.96
$35,306.83
$33,797.84
$32,276.90
$30,743.93
$29,198.82
$27,641.48
$26,071.80
$24,489.71
$22,895.08
$21,287.84
$19,667.86
$18,035.07
$16,389.35
$14,730.60
$13,058.71
$11,373.59
$9,675.13
$7,963.23
$6,237.77
$4,498.65
$2,745.77
$979.01
($801.74)

Listing of all debts

Debt
Credit Card #3
Credit Card #1
Credit Card #2
Furniture Loan
Home Equity Loan
Car Loan
Mortgage

Rate
12.0%
12.0%
18.0%
10.0%
11.0%
9.0%
7.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$840.00
$1,500.00
$3,500.00
$5,500.00
$9,000.00
$22,500.00
$165,000.00
$207,840.00

# of Pmts
12
24
36
48
84
60
360

$ / mth
$74.63
$70.61
$126.53
$139.49
$154.10
$467.06
$1,097.75

Real Debt
$895.56
$1,694.64
$4,555.08
$6,695.52
$12,944.40
$28,023.60
$395,190.00

$2,130.17

$449,998.80

$6,086.20
$73,034.40

2937.5

After 72 mths payment of $1149+$1788.5= $2937.5

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

6.0%
Interest
$597.06
$594.30
$591.53
$588.74
$585.94
$583.13
$580.30
$577.45
$574.60
$571.72
$568.84
$565.94
$563.02
$560.09
$557.15
$554.19
$551.21
$548.22
$545.22
$542.20
$539.17
$536.12
$533.05
$529.97
$526.88
$523.77
$520.64
$517.50
$514.34
$511.17
$507.98
$504.78
$501.55
$498.32
$495.06
$491.79
$488.51
$485.21
$481.89

Principal
$551.94
$554.70
$557.47
$560.26
$563.06
$565.87
$568.70
$571.55
$574.40
$577.28
$580.16
$583.06
$585.98
$588.91
$591.85
$594.81
$597.79
$600.78
$603.78
$606.80
$609.83
$612.88
$615.95
$619.03
$622.12
$625.23
$628.36
$631.50
$634.66
$637.83
$641.02
$644.22
$647.45
$650.68
$653.94
$657.21
$660.49
$663.79
$667.11

$119,412.57
Remaining Balance
$118,860.63
$118,305.94
$117,748.47
$117,188.21
$116,625.15
$116,059.27
$115,490.57
$114,919.02
$114,344.62
$113,767.34
$113,187.18
$112,604.11
$112,018.14
$111,429.23
$110,837.37
$110,242.56
$109,644.77
$109,044.00
$108,440.22
$107,833.42
$107,223.58
$106,610.70
$105,994.76
$105,375.73
$104,753.61
$104,128.38
$103,500.02
$102,868.52
$102,233.86
$101,596.03
$100,955.01
$100,310.78
$99,663.34
$99,012.66
$98,358.72
$97,701.51
$97,041.02
$96,377.22
$95,710.11

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50

$478.55
$475.20
$471.83
$468.44
$465.04
$461.62
$458.18
$454.73
$451.26
$447.77
$444.26
$440.74
$437.20
$433.64
$430.06
$426.47
$422.86
$419.22
$415.58
$411.91
$408.22
$404.52
$400.80
$397.06
$393.30
$389.52
$385.72
$381.90
$378.07
$374.21
$370.34
$366.45
$362.53
$358.60
$354.65
$341.74
$328.76
$315.71
$302.60
$289.43
$276.19
$262.88
$249.51

$670.45
$673.80
$677.17
$680.56
$683.96
$687.38
$690.82
$694.27
$697.74
$701.23
$704.74
$708.26
$711.80
$715.36
$718.94
$722.53
$726.14
$729.78
$733.42
$737.09
$740.78
$744.48
$748.20
$751.94
$755.70
$759.48
$763.28
$767.10
$770.93
$774.79
$778.66
$782.55
$786.47
$790.40
$2,582.85
$2,595.76
$2,608.74
$2,621.79
$2,634.90
$2,648.07
$2,661.31
$2,674.62
$2,687.99

$95,039.66
$94,365.86
$93,688.69
$93,008.13
$92,324.17
$91,636.79
$90,945.98
$90,251.71
$89,553.97
$88,852.74
$88,148.00
$87,439.74
$86,727.94
$86,012.58
$85,293.64
$84,571.11
$83,844.97
$83,115.19
$82,381.77
$81,644.67
$80,903.90
$80,159.42
$79,411.21
$78,659.27
$77,903.57
$77,144.09
$76,380.81
$75,613.71
$74,842.78
$74,067.99
$73,289.33
$72,506.78
$71,720.31
$70,929.91
$68,347.06
$65,751.30
$63,142.56
$60,520.77
$57,885.87
$55,237.80
$52,576.49
$49,901.87
$47,213.88

83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99

$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50
$2,937.50

$236.07
$222.56
$208.99
$195.35
$181.63
$167.85
$154.01
$140.09
$126.10
$112.05
$97.92
$83.72
$69.45
$55.11
$40.70
$26.21
$11.66

$2,701.43
$2,714.94
$2,728.51
$2,742.15
$2,755.87
$2,769.65
$2,783.49
$2,797.41
$2,811.40
$2,825.45
$2,839.58
$2,853.78
$2,868.05
$2,882.39
$2,896.80
$2,911.29
$2,925.84

$44,512.45
$41,797.51
$39,069.00
$36,326.85
$33,570.98
$30,801.34
$28,017.84
$25,220.43
$22,409.03
$19,583.58
$16,744.00
$13,890.22
$11,022.17
$8,139.78
$5,242.98
$2,331.69
($594.15)