Refinance Worksheet
Please enter the estimated balances and monthly interest you are now paying for the items below… Current Balances Current Monthly Interest Only Payments $___________________ $___________________
1st Mortgage 2nd Mortgage (If Applicable) Total Credit Cards Total Auto Loans
$_________________ $_________________
$_________________
$___________________
$_________________
$___________________
Additional Loans (ie: Education, Medical, Personal Loans)
$__________________
$___________________
Total Estimated Balances and Monthly Interest Payments $__________________
$___________________
Once the above monthly data is totaled, you will receive sample refinance programs that will show you the following…
New 1st Mortgage Amount $_____________________ New 2nd Mortgage Amount (If Applicable) $_____________________ Type of Loan Program Interest Rate APR 1st Mortgage Monthly Interest Payment 2nd Mortgage Monthly Interest Payment (If Applicable) _____________________ _______________ _______________
$______________
$______________
New Amount of Monthly Interest Expense $_______________ Amount Saved Per Month $_______________ Amount Saved Per Year Amount Saved Over 5 Years $_______________
$_______________
There are various credit requirements, terms and conditions with each loan program and this varies by lender. Not all applicants will qualify for every loan program. You will receive credit requirements, terms and conditions with each program you are sent.