Debt Consolidation Calc

Loan Officer

Name

Title

Phone

Cell

NMLS #

DRE #

Fax

Client Info

Client Name

Current Mortgage

Home Value

As Of Date

Mortgage Balance

Interest Rate (%)

Current P&I Payment

Months Left

Auto-calculated from balance, rate & P&I

Debts to Consolidate

Add each balance you want to roll into the new loan. Minimum payment is what the client pays toward that account today.

AccountBalanceAPR %Min Pmt

Total balance $0 Blended APR 0.00% Total minimums $0/mo

Consolidate via Cash-Out Refi

Target Rate (%)

New Term (years)

Estimated Costs ($)

How Costs Are Paid

No costs to the client. We cover the fees.

Monthly Cash Flow Freed

Prepared for -

New Single Payment

Debt Consolidated

P:-

C:-

E:-

Today vs. After Consolidation

	TodayMortgage + debts	AfterOne loan

Equity Snapshot

Home Value

Available Equity

Cash-Out Room (to 80% CLTV)

New Loan-to-Value

The Honest Tradeoff

A lower monthly payment is not the same as paying less. Here is the full picture on total interest.

Lifetime interest, as things are now-

Lifetime interest, new loan (full term)-

These balances would be secured by your home. Unsecured debt, such as a credit card, is not tied to your house. Missing payments on a mortgage carries more serious consequences than missing payments on a credit card.

Keep Your Momentum

Important Disclosures

For discussion purposes only. This is an illustration prepared by your loan officer. It is not a commitment to lend, a loan approval, an offer to enter into a rate lock, or a Loan Estimate.

All figures are estimates. Your actual rate, monthly payment, closing costs, available equity, and approval depend on a complete application and a review of your credit, income, and property.

Consolidating shorter-term balances into a mortgage may increase the total interest you pay over the life of the loan, even when the monthly payment goes down. It also converts unsecured debt into debt secured by your home.

Optimum First Mortgage · NMLS #240415 · DRE #1525044 · Equal Housing Lender.