Professional Documents
Culture Documents
Bro. Hopeful
Sis. Hopeful
Total
Income
Gross Combined Income
Expenses
Contributions
Gifts
Internet
Cable TV
Life Insurance
Medical Insurance
Car Insurance
Utilities
Groceries
Home Phone
Cell Phone
School Costs
Gas
Bowling League
Newspaper
Laundry/Dry Cleaning
Misc
Total Expenses
Income
$4,800
$350
$5,150
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar
Apr
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$650
$650
$650
$650
$650
$650
$650
$650
$650
$650
$650
$650
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$15
$25
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$95
$70
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$200
$120
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$275
$450
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$75
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$155
$170
$85
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$158.00
$34.67
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$274.37
$280.85
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$200.00
$92.72
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
$65.07
$582.82
Debt
Credit Card 1
Card 2
Card 3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
Mortgage 1
Mortgage 2
Total Debts
$65.07
$582.82
$65.07
$582.82
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00 $1,149.00
$2,837.50 $2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$1,149.00
$2,837.50
$5,427.50
$5,427.50
$5,427.50 $5,427.50
$5,427.50
$5,427.50
$5,427.50
$5,427.50
$5,427.50
$5,427.50
$5,427.50
$5,427.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$278
-$555
-$833
-$1,110
-$1,388
-$1,665
-$1,943
-$2,220
-$2,498
-$2,775
-$3,053
-$3,330
Surplus / (Deficit)
Total Savings/(Debt)
Total
Retirement Fund
monthy contribution $
years to contribute
rate of return
Total Fund
150.00
30
8%
$223,553.92
Bro
Sis
Total
Income
Gross Combined Income
Expenses
Contributions
Gifts
Internet
Cable TV
Life Insurance
Medical Insurance
Car Insurance
Utilities
Groceries
Home Phone
Cell Phone
School Costs
Gas
Bowling League
Newspaper
Laundry/Dry Cleaning
Misc
Total Expenses
Credit Card 1
Card 2
Card 3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
Mortgage 1
Mortgage 2
Total Debts
TOTAL DEBT AND EXPENSE
Surplus / (Deficit)
Total Savings/(Debt)
May
Jun
Jul
$0.0
$0.0
$0
Aug
Sep
$0
Oct
$0.0
Nov
Dec
Jan
Feb
Mar
Apr
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$5,150
$615
$0
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$650
$15
$25
$0
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$25
$95
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$70
$200
$60
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$120
$275
$450
$0
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$450
$75
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$155
$85
$0
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$170
$85
$0
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
$35
$50
Total
$35
$50
$35
$2,105
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$35
$2,590
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$34.67
$274.37
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$280.85
$200.00
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$92.72
$65.07
$582.82
$582.82
$1,149.00 $1,149.00
$582.82
$582.82
$582.82
$582.82
$1,149.00 $1,149.00 $1,149.00 $1,149.00
$582.82
$582.82
$582.82
$1,149.00 $1,149.00 $1,149.00
$582.82
$1,149.00
$582.82
$582.82
$1,149.00 $1,149.00
$2,837.50 $2,837.50
$2,837.50
$2,837.50 $2,837.50
$4,942.50 $5,427.50
$5,427.50
$5,427.50 $5,427.50
$207.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
-$277.50
$208
-$70
-$348
-$625
-$903
-$1,180
-$1,458
-$1,735
-$2,013
-$2,290
-$2,568
-$2,845
I recommend that this family cancel their cable TV, bowling league membership, home phone, and newspaper subscription. Also, they need to keep paying their titing of
$615 per month, but eliminate the $35 charitable contribution. Lastly, they should park the older car and not use it. As you can see in column B, this will give them a
monthly surplus of $207.50 and will allow them to pay some or all of that money towards their debt. They will also have the older car available in case of an emergency.
NO
Based on their projected budget, list 3 suggestions for Todd and Melanie
Find some way of having cheap or free dates to cut down on entertainment/clothes costs.
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
Pmts remaining
48
36
60
84
28
24
36
142
147
$216,915.80
$ / mth
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00
$2,837.50
$8,107.14
$97,285.71
1.
2.
3.
4.
Develop a budget
Cut up the credit cards
Find an extra $50 / month
Put together a "roll over plan"
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
Monthly Income Needed???
Annual Income Needed???
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
$216,915.80
# of Pmts
48
36
60
84
28
24
36
142
147
$ / mth
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00
$2,837.50
$8,107.14
$97,285.71
Real Debt
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)
Debt
Medical Bill
Rate
15.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$1,876.97
$1,876.97
# of Pmts
36
$ / mth
$65.07
$65.07
$185.91
$2,230.97
Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Payment
$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
$17.43
$15.15
$12.85
$10.51
$8.14
$5.75
$3.32
$0.87
Principal
$41.61
$42.13
$42.65
$43.19
$43.73
$44.27
$44.83
$180.06
$182.31
$184.59
$186.89
$189.23
$191.60
$193.99
$196.42
$198.87
$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
$1,394.50
$1,212.20
$1,027.61
$840.71
$651.48
$459.89
$265.89
$69.48
($129.39)
Debt
Gas Credit Card
Rate
12.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$1,969.78
$1,969.78
# of Pmts
24
$ / mth
$92.72
Real Debt
$92.72
$0.00
$264.91
$3,178.97
Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
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
$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
$5.10
$2.22
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
$284.52
$287.36
$290.24
$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
$509.83
$222.47
($67.76)
Debt
Credit Card #1
Rate
12.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$6,000.00
$6,000.00
# of Pmts
48
$ / mth
$158.00
Real Debt
$158.00
$0.00
$451.43
$5,417.14
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
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
$450.46
$450.46
$450.46
$450.46
$450.46
$450.46
$450.46
$450.46
$450.46
$450.46
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
$37.85
$33.73
$29.56
$25.35
$21.10
$16.81
$12.47
$8.09
$3.67
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
$408.52
$412.61
$416.73
$420.90
$425.11
$429.36
$433.65
$437.99
$442.37
$446.79
$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
$3,785.29
$3,372.69
$2,955.95
$2,535.05
$2,109.94
$1,680.58
$1,246.93
$808.94
$366.57
($80.23)
Debt
Car Loan
Rate
7.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$5,200.00
$5,200.00
# of Pmts
28
$ / mth
$200.00
Real Debt
$200.00
$0.00
$571.43
$6,857.14
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
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
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$450.46
$450.46
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
$8.29
$7.17
$6.05
$4.92
$3.78
$2.63
$0.02
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
$190.60
$191.71
$192.83
$193.95
$195.08
$196.22
$447.83
$450.44
$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
$1,421.27
$1,229.56
$1,036.74
$842.78
$647.70
$451.48
$3.65
($446.79)
Debt
Credit Card #3
Rate
11.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$12,619.08
$12,619.08
# of Pmts
60
$ / mth
$274.37
Real Debt
$274.37
$0.00
$783.91
$9,406.97
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
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
$924.83
$924.83
$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
$63.52
$55.62
$47.65
$39.61
$31.50
$23.31
$15.04
$6.70
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
$853.49
$861.31
$869.21
$877.18
$885.22
$893.33
$901.52
$909.79
$918.13
$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
$6,928.98
$6,067.66
$5,198.45
$4,321.28
$3,436.06
$2,542.72
$1,641.20
$731.42
($186.71)
Debt
Credit Union Loan
Rate
6.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$19,225.00
$19,225.00
# of Pmts
84
$ / mth
$280.85
Real Debt
$280.85
$0.00
$802.43
$9,629.14
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
$1,205.68
$1,205.68
$1,205.68
$1,205.68
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
$55.17
$49.42
$43.64
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
$1,144.79
$1,150.51
$1,156.26
$1,162.04
$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
$11,033.81
$9,883.30
$8,727.03
$7,564.99
40
41
42
43
44
45
46
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$1,205.68
$37.82
$31.99
$26.12
$20.22
$14.29
$8.34
$2.35
$1,167.86
$1,173.69
$1,179.56
$1,185.46
$1,191.39
$1,197.34
$1,203.33
$6,397.13
$5,223.44
$4,043.88
$2,858.42
$1,667.03
$469.68
($733.65)
11.8 years
Debt
2nd Mortgage
Rate
9.5%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$49,612.40
$49,612.40
# of Pmts
142
$ / mth
$582.82
Real Debt
$582.82
$0.00
$1,665.20
$19,982.40
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
$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
$1,788.50
$324.33
$322.29
$320.22
$318.14
$316.05
$313.94
$311.81
$300.12
$288.33
$276.46
$264.49
$252.42
$240.26
$228.01
$215.65
$203.20
$190.65
$178.00
$165.25
$152.40
$139.45
$126.39
$113.23
$99.97
$86.60
$73.13
$59.55
$45.86
$32.07
$18.16
$4.15
$258.49
$260.53
$262.60
$264.68
$266.77
$268.88
$1,476.69
$1,488.38
$1,500.17
$1,512.04
$1,524.01
$1,536.08
$1,548.24
$1,560.49
$1,572.85
$1,585.30
$1,597.85
$1,610.50
$1,623.25
$1,636.10
$1,649.05
$1,662.11
$1,675.27
$1,688.53
$1,701.90
$1,715.37
$1,728.95
$1,742.64
$1,756.43
$1,770.34
$1,784.35
$40,709.78
$40,449.25
$40,186.65
$39,921.98
$39,655.21
$39,386.32
$37,909.63
$36,421.25
$34,921.09
$33,409.04
$31,885.03
$30,348.96
$28,800.72
$27,240.22
$25,667.38
$24,082.08
$22,484.23
$20,873.73
$19,250.48
$17,614.38
$15,965.32
$14,303.21
$12,627.95
$10,939.42
$9,237.52
$7,522.15
$5,793.20
$4,050.57
$2,294.13
$523.80
($1,260.56)
11.8 years
Debt
1st Mortgage
Rate
6.0%
Total Debt
Monthly Income Needed???
Annual Income Needed???
Principal
$119,412.57
$119,412.57
# of Pmts
147
$ / mth
$1,149.00
Real Debt
$1,149.00
$0.00
$3,282.86
$39,394.29
Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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
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
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
$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
$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
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
$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
$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
$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
38
39
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
$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
$2,937.50
$2,937.50
$485.21
$481.89
$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
$357.50
$344.60
$331.64
$318.61
$305.52
$292.36
$279.13
$265.84
$252.48
$239.06
$663.79
$667.11
$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
$2,567.16
$2,580.00
$2,592.90
$2,605.86
$2,618.89
$2,631.98
$2,645.14
$2,658.37
$2,671.66
$2,685.02
$2,698.44
$96,377.22
$95,710.11
$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
$71,500.83
$68,920.84
$66,327.94
$63,722.08
$61,103.19
$58,471.21
$55,826.06
$53,167.69
$50,496.03
$47,811.01
$45,112.57
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
$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
$225.56
$212.00
$198.38
$184.68
$170.92
$157.08
$143.18
$129.21
$115.17
$101.06
$86.87
$72.62
$58.30
$43.90
$29.43
$14.89
$0.28
$2,711.94
$2,725.50
$2,739.12
$2,752.82
$2,766.58
$2,780.42
$2,794.32
$2,808.29
$2,822.33
$2,836.44
$2,850.63
$2,864.88
$2,879.20
$2,893.60
$2,908.07
$2,922.61
$2,937.22
$42,400.63
$39,675.13
$36,936.01
$34,183.19
$31,416.60
$28,636.19
$25,841.87
$23,033.58
$20,211.25
$17,374.80
$14,524.18
$11,659.30
$8,780.09
$5,886.49
$2,978.43
$55.82
($2,881.40)
11.8 years