New Life Lending
Net Household Income Total Household Expenses NET (Income - Expenses) Projected End Balance
12,000 12,630 -630 0
Total MODIFICATION CALCULATOR Current Loan 1st $ 350,000.00 Current Loan 2nd $ 150,000.00 Proposed Modification $ 500,000.00 Difference $ NET GAIN (Should be $100 or more) INCOME
Wages net Disability Social Security Alimony Child Support Rental Income Other Other Other Total INCOME 12,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,000
7.00% $ 2,328.56 9.00% $ 1,206.93 5.00% $ 2,684.11 11.00% $ $ 851.38 220.89
STEP 1
STEP 2
STEP 3 STEP 4
HOME EXPENSES
1st Mortgage - Primary 2nd Mortgage Other Mortgages Taxes Insurance HOA Electricity Gas Oil Water Sewer Trash Toiletries Groceries Dry Clothing School Tuition 2,328.56 1,206.93 0.00 3,500.00 1,000.00 0.00 350.00 600.00 0.00 120.00 0.00 0.00 0.00 1,000.00 0.00 0.00
STEP 5
STEP 6 STEP 7 STEP 8
Total
Child Care Auto Loan Auto Insurance Gas Car Maintenance Monthly Parking Other Car Phone Cell Cable Satellite Health Insurance Doctor Medical/ Drugs Personal Loans Secured Debt Unsecured Debt Credit Card Monthly Total Other Other Other Other Other Other Other Other Total Expenses 0.00 900.00 350.00 350.00 150.00 75.00 0.00 350.00 0.00 150.00 0.00 0.00 0.00 200.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 12,630.49
Total