Family Hopeful

Final Assignement Part B #1

Income
Combined Take Home Pay
Expenses
Contributions
Utilities
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage
Insurance
Food
Lessons
Landry/Dry Cleaning
Gifts/Bowling/Newspaper/Misc
Internet/Cable Tv
Home phone/Cell phone
Total Expenses
Surplus / (Deficit)

Month 1
$5,150

$650
$275
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00
$390
$450
$465
$50
$165
$120
$160

$5,563
-$413

Family Hopeful
Final Assignement Part B #2

Current Budget
Income
Combined Take Home Pay
Expenses
Contributions
Utilities
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage
Insurance
Food
Lessons
Landry/Dry Cleaning
Gifts/Bowling/Newspaper/Misc
Internet/Cable Tv
Home phone/Cell phone
Total Expenses
Surplus / (Deficit)

Month 1
$5,150

$650
$275
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00
$390
$450
$465
$50
$165
$120
$160

$5,563
-$413

New Budget
Income
Combined Take Home Pay
Expenses
Contributions
Utilities
Credit Card #1
Credit Card #2
Credit Card #3
Credit Union Loan
Car Loan
Gas Credit Card
Medical Bill
2nd Mortgage
1st Mortgage
Insurance
Food

Month 1
$5,150

$650
$275
$158.00
$34.67
$274.37
$280.85
$200.00
$92.72
$65.07
$582.82
$1,149.00
$390
$450
Saving $465.00

Landry/Dry Cleaning

$50
Saving $165.00

Internet/Netflix
Cell phone
Total Expenses
Surplus / (Deficit)

$33

Saving $87.00

$85

Saving $75.00

$4,771
$380

Total Savings: $792.00

Monthly Contribution (401k)

APR (MNTHLY CMPND)
Total in acct after 30 years:

$150
6%
$150,677.26

Listing of all debts

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

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

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

By using the rollover plan the family was able to pay off all their debt in 97 Months.

1.
2.
3.
4.

Develop a budget
Cut up the credit cards
Find an extra $100 / month
Put together a "roll over plan"

Listing of all debts

Debt
Credit Card #2
Medical Bill
Gas Credit Card
Car Loan
Credit Card #1
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

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

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

Principal
$1,000.00
$1,876.97
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.57
$216,915.80

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

$ / mth
$34.67
$65.07
$92.97
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$1,248.12
$2,342.52
$2,231.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,837.75

$310,722.96

$8,107.86
$97,294.29

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
Medical Bill
Gas Credit Card
Car Loan
Credit Card #1
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

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

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

Principal
$1,876.97
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.57
$215,915.80

# of Pmts
36
24
28
48
60
84
142
147

$ / mth
$65.07
$92.97
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$2,342.52
$2,231.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,803.08

$309,474.84

$8,008.80
$96,105.60

Second Debt, after 8 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
Gas Credit Card
Car Loan
Credit Card #1
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

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

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

Principal
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.57
$214,038.83

# of Pmts
24
28
48
60
84
142
147

$ / mth
$92.97
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$2,231.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,738.01

$307,132.32

$7,822.89
$93,874.63

3rd Debt, after 17 mths payment goes to $199.74+ $92.97 = $292.71

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

Payment
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$92.97
$292.71
$292.71
$292.71

12.0%
Interest
$19.70
$18.97
$18.23
$17.48
$16.72
$15.96
$15.19
$14.41
$13.63
$12.83
$12.03
$11.22
$10.41
$9.58
$8.75
$7.90
$7.05
$6.19
$3.33
$0.43

Principal
$73.27
$74.00
$74.74
$75.49
$76.25
$77.01
$77.78
$78.56
$79.34
$80.14
$80.94
$81.75
$82.56
$83.39
$84.22
$85.07
$85.92
$286.52
$289.38
$292.28

$1,969.78
Remaining Balance
$1,896.51
$1,822.50
$1,747.76
$1,672.27
$1,596.02
$1,519.01
$1,441.23
$1,362.67
$1,283.33
$1,203.19
$1,122.25
$1,040.51
$957.94
$874.55
$790.33
$705.26
$619.34
$332.82
$43.44
($248.83)

Listing of all debts

Debt
Car Loan
Credit Card #1
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

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

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

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

$212,069.05

# of Pmts
28
48
60
84
142
147

$ / mth
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,645.04

$304,901.04

$7,557.26
$90,687.09

4th Debt, after 20 mths payment goes to $292.71 + $200 = $492.71

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
$492.71
$492.71
$492.71
$492.71

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
$483.31
$486.13
$488.96
$491.81

$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
$1,128.56
$642.44
$153.47
($338.34)

Listing of all debts

Debt
Credit Card #1
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

Rate
12.0%
11.0%
6.0%
9.5%
6.0%

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

Principal
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.57

$206,869.05

# of Pmts
48
60
84
142
147

$ / mth
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,445.04

$299,301.04

$6,985.83
$83,829.94

After 24 mths payment goes to $158 + $492.71 = $650.71

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
$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
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71
$650.71

11.0%
Interest
$82.50
$81.81
$81.11
$80.40
$79.69
$78.98
$78.25
$77.52
$76.78
$76.04
$75.29
$74.53
$73.76
$72.99
$72.21
$71.43
$70.63
$69.83
$69.02
$68.21
$67.38
$66.55
$65.72
$64.87
$64.02
$58.64
$53.21
$47.73
$42.21
$36.63
$31.00
$25.32
$19.59
$13.80
$7.96
$2.07

Principal
$75.50
$76.19
$76.89
$77.60
$78.31
$79.02
$79.75
$80.48
$81.22
$81.96
$82.71
$83.47
$84.24
$85.01
$85.79
$86.57
$87.37
$88.17
$88.98
$89.79
$90.62
$91.45
$92.28
$93.13
$586.69
$592.07
$597.50
$602.98
$608.50
$614.08
$619.71
$625.39
$631.12
$636.91
$642.75
$648.64

$9,000.00
Remaining Balance
$8,924.50
$8,848.31
$8,771.42
$8,693.82
$8,615.52
$8,536.49
$8,456.74
$8,376.26
$8,295.04
$8,213.08
$8,130.37
$8,046.90
$7,962.66
$7,877.65
$7,791.86
$7,705.29
$7,617.92
$7,529.75
$7,440.77
$7,350.98
$7,260.37
$7,168.92
$7,076.63
$6,983.50
$6,396.81
$5,804.74
$5,207.24
$4,604.26
$3,995.75
$3,381.67
$2,761.96
$2,136.57
$1,505.44
$868.53
$225.79
($422.85)

Listing of all debts

Debt
Credit Card#3
Credit Union Loan
Second Mortgage
First Mortgage

Rate
11.0%
6.0%
9.5%
6.0%

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

Principal
$12,619.08
$19,225.00
$49,612.40
$119,412.57

$200,869.05

# of Pmts
60
84
142
147

$ / mth
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,287.04

$291,717.04

$6,534.40
$78,412.80

After 36 mths payment goes to $274.37 + $650.71 = $925.08

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
$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
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$925.08
$925.08
$925.08

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
$65.70
$63.79
$61.86
$59.91
$57.95
$55.96
$53.96
$45.98
$37.92

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
$206.77
$208.67
$210.58
$212.51
$214.46
$216.42
$218.41
$871.12
$879.10
$887.16

$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
$7,167.78
$6,959.11
$6,748.53
$6,536.02
$6,321.57
$6,105.14
$5,886.74
$5,015.62
$4,136.52
$3,249.35

40
41
42
43

$925.08
$925.08
$925.08
$925.08

$29.79
$21.58
$13.30
$4.94

$895.29
$903.50
$911.78
$920.14

$2,354.06
$1,450.56
$538.78
($381.37)

Listing of all debts

Debt
Credit Union Loan
Second Mortgage
First Mortgage

Rate
6.0%
9.5%
6.0%

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

Principal
$19,225.00
$49,612.40
$119,412.57

$188,249.97

# of Pmts
84
142
147

$ / mth
$280.85
$582.82
$1,149.00

Real Debt
$23,591.40
$82,760.44
$168,903.00

$2,012.67

$275,254.84

$5,750.49
$69,005.83

After 43 mths payment goes to $280.85 + $925.08 = $1205.93

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
50
51
52

$280.85
$280.85
$280.85
$280.85
$1,205.93
$1,205.93
$1,205.93
$1,205.93
$1,205.93
$1,205.93
$1,205.93
$1,205.93
$1,205.93

$56.46
$55.34
$54.21
$53.08
$51.94
$46.17
$40.37
$34.54
$28.69
$22.80
$16.88
$10.94
$4.96

$224.39
$225.51
$226.64
$227.77
$1,153.99
$1,159.76
$1,165.56
$1,171.39
$1,177.24
$1,183.13
$1,189.05
$1,194.99
$1,200.97

$11,067.76
$10,842.25
$10,615.61
$10,387.83
$9,233.84
$8,074.08
$6,908.52
$5,737.14
$4,559.89
$3,376.76
$2,187.72
$992.72
($208.24)

11.8 years

Listing of all debts

Debt
Second Mortgage
First Mortgage

Rate
9.5%
6.0%

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

Principal
$49,612.40
$119,412.57

$169,024.97

# of Pmts
142
147

$ / mth
$582.82
$1,149.00

Real Debt
$82,760.44
$168,903.00

$1,731.82

$251,663.44

$4,948.06
$59,376.69

After 52 mths payment goes to $582.82 + $1205.93 = $1788.75

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

6.0%
Interest
$248.06
$246.39
$244.71
$243.02
$241.32
$239.61
$237.89
$236.17
$234.43
$232.69
$230.94
$229.18
$227.41
$225.64
$223.85
$222.06
$220.25
$218.44
$216.62
$214.79
$212.95
$211.10
$209.24
$207.37
$205.49
$203.61
$201.71
$199.81
$197.89
$195.97
$194.03
$192.09
$190.13
$188.17
$186.20
$184.21
$182.22
$180.22
$178.21

Principal
$334.76
$336.43
$338.11
$339.80
$341.50
$343.21
$344.93
$346.65
$348.39
$350.13
$351.88
$353.64
$355.41
$357.18
$358.97
$360.76
$362.57
$364.38
$366.20
$368.03
$369.87
$371.72
$373.58
$375.45
$377.33
$379.21
$381.11
$383.01
$384.93
$386.85
$388.79
$390.73
$392.69
$394.65
$396.62
$398.61
$400.60
$402.60
$404.61

$49,612.40
Remaining Balance
$49,277.64
$48,941.21
$48,603.10
$48,263.29
$47,921.79
$47,578.58
$47,233.65
$46,887.00
$46,538.61
$46,188.49
$45,836.61
$45,482.97
$45,127.57
$44,770.38
$44,411.42
$44,050.65
$43,688.09
$43,323.71
$42,957.51
$42,589.47
$42,219.60
$41,847.88
$41,474.30
$41,098.85
$40,721.52
$40,342.31
$39,961.20
$39,578.19
$39,193.26
$38,806.41
$38,417.62
$38,026.89
$37,634.20
$37,239.55
$36,842.93
$36,444.32
$36,043.73
$35,641.12
$35,236.51

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
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75
$1,788.75

$176.18
$174.15
$172.11
$170.05
$167.99
$165.91
$163.83
$161.73
$159.63
$157.51
$155.39
$153.25
$151.10
$148.94
$140.74
$132.50
$124.22
$115.90
$107.54
$99.13
$90.68
$82.19
$73.66
$65.08
$56.47
$47.80
$39.10
$30.35
$21.56
$12.72
$3.84

$406.64
$408.67
$410.71
$412.77
$414.83
$416.91
$418.99
$421.09
$423.19
$425.31
$427.43
$429.57
$431.72
$1,639.81
$1,648.01
$1,656.25
$1,664.53
$1,672.85
$1,681.21
$1,689.62
$1,698.07
$1,706.56
$1,715.09
$1,723.67
$1,732.28
$1,740.95
$1,749.65
$1,758.40
$1,767.19
$1,776.03
$1,784.91

$34,829.87
$34,421.20
$34,010.49
$33,597.72
$33,182.89
$32,765.98
$32,346.99
$31,925.91
$31,502.72
$31,077.41
$30,649.98
$30,220.41
$29,788.69
$28,148.88
$26,500.88
$24,844.63
$23,180.11
$21,507.26
$19,826.04
$18,136.42
$16,438.36
$14,731.80
$13,016.71
$11,293.04
$9,560.75
$7,819.81
$6,070.16
$4,311.76
$2,544.57
$768.54
($1,016.37)

11.8 years

Listing of all debts

Debt
First 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
$168,903.00

$1,149.00

$168,903.00

$3,282.86
$39,394.29

After 70 mths payment goes to $1149 + $1788.75 = $2937.75

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
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75

$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
$353.59
$340.67
$327.68
$314.63
$301.52
$288.34
$275.09
$261.78
$248.40
$234.95
$221.44

$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
$2,571.30
$2,584.16
$2,597.08
$2,610.07
$2,623.12
$2,636.23
$2,649.41
$2,662.66
$2,675.97
$2,689.35
$2,702.80
$2,716.31

$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
$70,718.03
$68,133.87
$65,536.79
$62,926.72
$60,303.61
$57,667.37
$55,017.96
$52,355.30
$49,679.33
$46,989.97
$44,287.17
$41,570.86

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

$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75
$2,937.75

$207.85
$194.20
$180.49
$166.70
$152.85
$138.92
$124.93
$110.86
$96.73
$82.52
$68.25
$53.90
$39.48
$24.99
$10.43

$2,729.90
$2,743.55
$2,757.26
$2,771.05
$2,784.90
$2,798.83
$2,812.82
$2,826.89
$2,841.02
$2,855.23
$2,869.50
$2,883.85
$2,898.27
$2,912.76
$2,927.32

$38,840.96
$36,097.42
$33,340.16
$30,569.11
$27,784.20
$24,985.37
$22,172.55
$19,345.66
$16,504.64
$13,649.41
$10,779.91
$7,896.06
$4,997.79
$2,085.03
($842.30)

11.8 years