INTEREST CALCULATOR _________________________________________________________________________ WORKSHEET Project Name: F A Project Number: Parcel No. Displacee: Calculated by: Date:
A. REQUIRED INFORMATION EXISTING FIRST MORTGAGE Type of Loan: ARM Outstanding Principal Balance Total Term: 30 year Fixed Term: 5 years Fixed Months Remaining Existing Annual Interest Rate Present Monthly Payment NEW MORTGAGE Type of Loan: ARM New Principal Balance Total Term: 30 year Fixed Term: 10 years Fixed Months Remaining on Existing Loan Lesser: Prevailing or Actual Rate Monthly Payment (Current) Points or Loan Origination Fees
B. DEVELOPMENT OF INCREASED INTEREST FIGURE THE LESSER OF Old Mortgage Balance or New Mortgage Amount Total Interest paid on new loan for an equal period at the new interest rate. Total Interest paid on original loan for remaining fixed period. Increased Interest Points of 0.00% on the LESSER OF the Existing First Mortgage or the New Mortgage amount: $ $ $ $0.00 -
+
$0.00
Total Benefit
$0.00