Refi Savings Analyzer

Refinance Savings Analyzer

Created by: Joseph Kamenar l Home Investors LLC
Sponsored by Loan Officer 101

Fill out the form below to the best of your knowledge. You will see how you can use the equity in your client's home to reduce their debts and increase their monthly cash flow, or pull out cash for any purpose they have in mind.

Current Mortgage Balance or Balances:

Estimated Value of Your Home:

Monthly Mortgage Payment(s) (principal and interest only):

Click the arrow for instructions

Debts Your Borrower Wishes to Pay Off

Credit Card 1 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Credit Card 2 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Credit Card 3 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Credit Card 4 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Credit Card 5 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Credit Card 6 Balance and Minimum Monthly Payment:

Balance: $

Monthly Payment: $

Car Loan Balance and Monthly Payment (optional):

Balance: $

Monthly Payment: $

Other Loan Balance and Monthly Payment:

Balance: $

Monthly Payment: $

Other Debts Your Borrower Will Not Pay Off (Enter Minimum Monthly Payments Only)

Payment 1: $

Payment 2: $

Payment 3: $

Payment 4: $

Property Taxes, Homeowner's Insurance and Association Dues

Monthly Property Taxes:

Monthly Homeowner's Insurance:

Monthly Homeowner Association Fees/Dues:

Does the Borrower Need to Borrow Additional Cash from Their Equity?

Take Cash Out for Other Purposes:

Amount Needed: $

Income & Credit

Gross Monthly Income (before taxes):

Estimate Their Personal Credit:

Loan Term & Closing Costs

Loan Term (years):

NOTE: You can change this to any number of years

Title Insurance Premium:

Up-Front Points (eg: 1, 1.5, 2, 2.5, 3, etc...)::

Other Closing Costs:

$ Enter the total closing costs your company charges

Existing Pre-Pay Penalty:

$ A pre-pay penalty must be wrapped into the new loan

Interest-Only Rate Bump:

% Enter any interest rate surcharge for going interest-only

Calculate Their Estimated Monthly Savings:

Current Total Monthly Debt Payment:

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New Total Monthly Debt Payment (amortized):

New Total Monthly Debt Payment (interest-only):

New Loan Size:

Interest Rate Used in the Calculations (can be changed):

Total Debt to Income Ratio (DTI):

New Loan to Value Ratio (LTV):

Monthly Savings (amortized / interest only)

$ / $

Equivalent Salary Increase:

Payments based on average interest rates for full doc mortgage programs under a 2/28 ARM. Your actual payment may be different based on your type of employment, actual loan to value, mortgage payment history, location, specific lender, total debt to income ratio, amortization schedule, loan type and other variables. Your net savings may be more or less than the given example. Payments assume total closing costs equal to 3% of the loan amount. This is not an offer to lend money.