Loan Modification Calculator
Insert values here: Loan amount Current interest rate Taxable income Property taxes/year Hazard ins/year HOA/year $400,000 5.25% $60,000 $4,500 $1,100 $2,400
Maximum loan amounts 1 Unit 2 Units 3 Units 4 Units $729,750 $934,200 $1,129,250 $1,403,400
Potential benefits (approx) Modified interest rate Interest savings Ontime payment bonus Yearly benefit Total benefit
Year 1 2.21% 12,094 1,000 13,094 13,094
Year 2 2.21% 11,942 1,000 12,942 26,035
Year 3 2.21% 11,771 1,000 12,771 38,807
Year 4 2.21% 11,595 1,000 12,595 51,401
Year 5 2.21% 11,418 1,000 12,418 63,820
Year 6 3.21% 7,534 0 7,534 71,354
Year 7 4.21% 3,773 0 3,773 75,126
What we do for you: * Remove the stress, hassle and frustrations * Represent your best interest with lenders and servicers * Handle all communications and paperwork. * Consult with you with respect to options * Position your situation for maximum benefit * Make sure your application is approved * Negotiate the best possible modification benefits!
Further information
Year 8 5.21% 148 0 148 75,274
Year 9 5.25% 0 0 0 75,275
Year 10 5.25% 0 0 0 75,275
Year 20 5.25% 0 0 0 75,275
Year 30 5.25% 0 0 0 75,276