| EXAMPLE: FINANCING/REFINANCING $200,000 |
| |
CURRENT
CREDIT SCORE |
|
RATE |
|
PAYMENT |
|
NEW
CREDIT SCORE |
|
REFINANCE TO
NEW RATE |
|
NEW
PAYMENT |
|
REDUCTION
IN PAYMENT |
|
SAVINGS
(30 YEARS) |
| 665 |
|
5.375 |
|
$1,119.94 |
|
*700 |
|
*5.0 |
|
$1,073.64 |
|
$46.30 |
|
$16,668.00 |
|
| 580-600 |
|
5.75 |
|
$1,167.15 |
|
*665 |
|
*5.375 |
|
$1,119.94 |
|
$47.21 |
|
$16,995.60 |
|
| 579 |
|
6.25 |
|
$1,231.43 |
|
*580-600 |
|
*5.75 |
|
$1,167.15 |
|
$64.28 |
|
$23,140.80 |
|
| 525-499 |
|
8.0 |
|
$1,467.53 |
|
*579 |
|
*6.25 |
|
$1,231.43 |
|
$236.10 |
|
$84,996.00 |
| *RESULTS MAY VARY. RATES AND PAYMENTS ARE FOR ILLUSTRATIVE PURPOSES ONLY. RATES ARE SUBJECT TO CHANGE. |
|
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