Hopeful Family Budget

Income
Gross combined inco

1 Expenses
Food
Lessons for kids
Laundry
Dry Cleaning
Gifts
Life Insurance
Medical Insurance
Car Insurance
Internet
Cable
Utilities
Home phone
Cell phone
Gas
Bowling
News Paper
Mis
Tithing
Charities
Total

4,800
5,150

350

401K
interest
years till they are 65
Retired amount

Monthly Amount APR % Current Payment

$ 450.00
6000
12%
158
$ 155.00
1000
15%
34.67
$ 30.00 12619.1
11%
274.37
$ 20.00
19225
6%
280.85
$ 15.00
5200
7%
200
$ 70.00 1969.78
12%
92.72
$ 200.00 1876.97
15%
65.07
$ 120.00 49612.4
10%
582.82
$ 25.00 119413
6%
1149

$ 95.00
$ 275.00 216916
$ 75.00
$ 85.00
$ 170.00
$ 85.00
$ 35.00
$ 30.00
$ 615.00
$ 35.00
###

2837.5

Total Monthly current

Short
What they can live w
New budget left over

2 There are a number of things that this family does not need to pay for. If

The things that I highlighted in green are the things that I would sugest h
Cutting these from their budget gives them $390 dollars. Since they wer

If the family has a retirment account where his company is putting 150 dollars in it a month,
4

Age
35
House wor 175,000

udget
150
10%
30
###
Paymentsle
Description
48 Credit Card #1
36 Credit Card #2
60 Credit Card #3
84 Credit Union Loan
28 Car Loan
24 Gas Credit Card
36 Medical Bill
142 2nd Mortgage
147 1st Mortgage

New car
monthly
interest
months left

200.00
7%
28

Mortage #1
monthly
1149
interest
6%
moths left
147

Total debt

$5,422.50
$ (272.50)
$ 390.00
$ 117.50

not need to pay for. If they deleted those from their budget they could put that all towa
gs that I would sugest holding off of for now. When they get their finances under control
dollars. Since they were already $272.50 behind this gives them $117.50 to put towards

ng 150 dollars in it a month, when they retire at age 65 they will have $339,073.19. As shown in the yellow cha

Mortage #2
Monthly
582.82
interest
9.50%
months lef
142

uld put that all towards their debt.

ances under control they can add that back in.
7.50 to put towards debt.
shown in the yellow chart.

Listing of all debts

Debt
credit card 2
Medical Bill
Gas Credit Card
car loan
Credit card1
Credit card 3
Credit union loan
2nd mortgage
1st mortgage
Total Debt

Rate
15.0%
15.0%
12.0%
7.0%
12.0%
11.0%
6.0%
10.0%
6.0%

Principal
$1,000.00
$1,876.97
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.60
$216,915.83

# of Pmts
36
36
24
28
48
60
84
142
147

$ / mth
$34.67
$65.07
$92.72
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$1,248.12
$2,342.52
$2,225.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,837.50

$310,716.96

First Debt = $34.67 + $50.00 = $84.67

Month
1
2
3
4
5
6
7
8
9
10
11
12
13

Payment
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67
$84.67

15.0%
Interest
$12.50
$11.60
$10.68
$9.76
$8.82
$7.88
$6.92
$5.94
$4.96
$3.96
$2.95
$1.93
$0.90

Principal
$72.17
$73.07
$73.99
$74.91
$75.85
$76.79
$77.75
$78.73
$79.71
$80.71
$81.72
$82.74
$83.77

$1,000.00
Remaining Balance
$927.83
$854.76
$780.77
$705.86
$630.02
$553.22
$475.47
$396.74
$317.03
$236.32
$154.61
$71.87
($11.90)

Listing of all debts

Debt
Medical Bill
Gas Credit Card
car loan
Credit card1
Credit card 3
Credit union loan
2nd mortgage
1st mortgage
Total Debt

Rate
15.0%
12.0%
7.0%
12.0%
11.0%
6.0%
10.0%
6.0%

Principal
$1,876.97
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.60
$215,915.83

# of Pmts
36
24
28
48
60
84
142
147

$ / mth
$65.07
$92.72
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$2,342.52
$2,225.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,802.83

$309,468.84

Second Debt, after 13 mths payment goes to $65.07 + $84.67 = $149.74

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23

Payment
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$65.07
$149.74
$149.74
$149.74
$149.74
$149.74
$149.74
$149.74
$149.74
$149.74
$149.74

15.0%
Interest
$23.46
$22.94
$22.42
$21.88
$21.34
$20.80
$20.24
$19.68
$19.11
$18.54
$17.96
$17.37
$16.77
$16.17
$14.50
$12.81
$11.10
$9.36
$7.61
$5.83
$4.03
$2.21
$0.37

Principal
$41.61
$42.13
$42.65
$43.19
$43.73
$44.27
$44.83
$45.39
$45.96
$46.53
$47.11
$47.70
$48.30
$133.57
$135.24
$136.93
$138.64
$140.38
$142.13
$143.91
$145.71
$147.53
$149.37

$1,876.97
Remaining Balance
$1,835.36
$1,793.23
$1,750.58
$1,707.39
$1,663.66
$1,619.39
$1,574.56
$1,529.17
$1,483.22
$1,436.69
$1,389.58
$1,341.88
$1,293.58
$1,160.01
$1,024.77
$887.84
$749.20
$608.82
$466.69
$322.79
$177.08
$29.56
($119.81)

= $149.74

Listing of all debts

Debt
Gas Credit Card
car loan
Credit card1
Credit card 3
Credit union loan
2nd mortgage
1st mortgage

Rate
12.0%
7.0%
12.0%
11.0%
6.0%
10.0%
6.0%

Total Debt
Monthly Income Needed???
Annual Income Needed???

Principal
$1,969.78
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.60
$214,038.86

# of Pmts
24
28
48
60
84
142
147

$ / mth
$92.72
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$2,225.28
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,737.76

$307,126.32

$7,822.17
$93,866.06

3rd Debt, after 23 mths payment goes to $92.72 +$149.74 = $242.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

Payment
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$92.72
$242.46

12.0%
Interest
$19.70
$18.97
$18.23
$17.49
$16.73
$15.97
$15.21
$14.43
$13.65
$12.86
$12.06
$11.25
$10.44
$9.61
$8.78
$7.94
$7.10
$6.24
$5.37
$4.50
$3.62
$2.73
$1.83
$0.92

Principal
$73.02
$73.75
$74.49
$75.23
$75.99
$76.75
$77.51
$78.29
$79.07
$79.86
$80.66
$81.47
$82.28
$83.11
$83.94
$84.78
$85.62
$86.48
$87.35
$88.22
$89.10
$89.99
$90.89
$241.54

$1,969.78
Remaining Balance
$1,896.76
$1,823.01
$1,748.52
$1,673.28
$1,597.29
$1,520.55
$1,443.03
$1,364.74
$1,285.67
$1,205.81
$1,125.14
$1,043.68
$961.39
$878.29
$794.35
$709.57
$623.95
$537.47
$450.12
$361.90
$272.80
$182.81
$91.92
($149.62)

Listing of all debts

Debt
car loan
Credit card1
Credit card 3
Credit union loan
2nd mortgage
1st mortgage

Total Debt

Rate
7.0%
12.0%
11.0%
6.0%
10.0%
6.0%

Principal
$5,200.00
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.60

$212,069.08

# of Pmts
28
48
60
84
142
147

$ / mth
$200.00
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$5,600.00
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,645.04

$304,901.04

4th Debt, after 21 mths payment goes to $200 + $242.46 = $442.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26

Payment
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$200.00
$442.46
$442.46

7.0%
Interest
$30.33
$29.34
$28.35
$27.35
$26.34
$25.33
$24.31
$23.28
$22.25
$21.22
$20.17
$19.12
$18.07
$17.01
$15.94
$14.87
$13.79
$12.70
$11.61
$10.51
$9.40
$8.29
$7.17
$6.05
$4.92
$2.36

Principal
$169.67
$170.66
$171.65
$172.65
$173.66
$174.67
$175.69
$176.72
$177.75
$178.78
$179.83
$180.88
$181.93
$182.99
$184.06
$185.13
$186.21
$187.30
$188.39
$189.49
$190.60
$191.71
$192.83
$193.95
$437.54
$440.10

$5,200.00
Remaining Balance
$5,030.33
$4,859.68
$4,688.03
$4,515.37
$4,341.71
$4,167.04
$3,991.35
$3,814.63
$3,636.88
$3,458.10
$3,278.27
$3,097.39
$2,915.46
$2,732.47
$2,548.41
$2,363.27
$2,177.06
$1,989.76
$1,801.36
$1,611.87
$1,421.27
$1,229.56
$1,036.74
$842.78
$405.24
($34.85)

Listing of all debts

Debt
Credit card 3
Credit union loan
2nd mortgage
1st mortgage
Total Debt

Rate
11.0%
6.0%
10.0%
6.0%

Principal
$12,619.08
$19,225.00
$49,612.40
$119,412.60
$200,869.08

# of Pmts
60
84
142
147

$ / mth
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,287.04

$291,717.04

After 31 mths payment goes to $274.37 + $600.46 = $874.83

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$274.37
$874.83
$874.83
$874.83
$874.83
$874.83
$874.83
$874.83
$874.83

11.0%
Interest
$150.90
$149.77
$148.63
$147.48
$146.31
$145.14
$143.96
$142.76
$141.55
$140.34
$139.11
$137.87
$136.62
$135.35
$134.08
$132.79
$131.50
$130.19
$128.86
$127.53
$126.18
$124.83
$123.45
$122.07
$120.68
$119.27
$117.84
$116.41
$114.96
$113.50
$112.03
$110.54
$103.53
$96.46
$89.33
$82.13
$74.86
$67.53
$60.13

Principal
$123.47
$124.60
$125.74
$126.89
$128.06
$129.23
$130.41
$131.61
$132.82
$134.03
$135.26
$136.50
$137.75
$139.02
$140.29
$141.58
$142.87
$144.18
$145.51
$146.84
$148.19
$149.54
$150.92
$152.30
$153.69
$155.10
$156.53
$157.96
$159.41
$160.87
$162.34
$764.29
$771.30
$778.37
$785.50
$792.70
$799.97
$807.30
$814.70

$16,462.20
Remaining Balance
$16,338.73
$16,214.14
$16,088.39
$15,961.50
$15,833.45
$15,704.22
$15,573.80
$15,442.19
$15,309.37
$15,175.34
$15,040.08
$14,903.57
$14,765.82
$14,626.80
$14,486.51
$14,344.94
$14,202.06
$14,057.88
$13,912.37
$13,765.53
$13,617.34
$13,467.80
$13,316.89
$13,164.59
$13,010.89
$12,855.79
$12,699.26
$12,541.30
$12,381.90
$12,221.03
$12,058.68
$11,294.39
$10,523.09
$9,744.72
$8,959.22
$8,166.52
$7,366.55
$6,559.24
$5,744.54

40
41
42
43
44
45
46

$874.83
$874.83
$874.83
$874.83
$874.83
$874.83
$874.83

$52.66
$45.12
$37.52
$29.84
$22.09
$14.28
$6.39

$822.17
$829.71
$837.31
$844.99
$852.74
$860.55
$868.44

$4,922.37
$4,092.66
$3,255.35
$2,410.36
$1,557.62
$697.07
($171.37)

Listing of all debts

Debt
Credit card1
Credit card 3
Credit union loan
2nd mortgage
1st mortgage

Total Debt

Rate
12.0%
11.0%
6.0%
10.0%
6.0%

Principal
$6,000.00
$12,619.08
$19,225.00
$49,612.40
$119,412.60

$206,869.08

# of Pmts
48
60
84
142
147

$ / mth
$158.00
$274.37
$280.85
$582.82
$1,149.00

Real Debt
$7,584.00
$16,462.20
$23,591.40
$82,760.44
$168,903.00

$2,445.04

$299,301.04

After 26 mths payment goes to $158 + $442.46 = $600.46

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Payment
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$158.00
$600.46
$600.46
$600.46
$600.46
$600.46
$600.46

12.0%
Interest
$60.00
$59.02
$58.03
$57.03
$56.02
$55.00
$53.97
$52.93
$51.88
$50.82
$49.75
$48.66
$47.57
$46.47
$45.35
$44.23
$43.09
$41.94
$40.78
$39.61
$38.42
$37.23
$36.02
$34.80
$33.57
$32.32
$26.64
$20.90
$15.11
$9.25
$3.34

Principal
$98.00
$98.98
$99.97
$100.97
$101.98
$103.00
$104.03
$105.07
$106.12
$107.18
$108.25
$109.34
$110.43
$111.53
$112.65
$113.77
$114.91
$116.06
$117.22
$118.39
$119.58
$120.77
$121.98
$123.20
$124.43
$568.14
$573.82
$579.56
$585.35
$591.21
$597.12

$6,000.00
Remaining Balance
$5,902.00
$5,803.02
$5,703.05
$5,602.08
$5,500.10
$5,397.10
$5,293.07
$5,188.00
$5,081.88
$4,974.70
$4,866.45
$4,757.11
$4,646.69
$4,535.15
$4,422.50
$4,308.73
$4,193.82
$4,077.75
$3,960.53
$3,842.14
$3,722.56
$3,601.78
$3,479.80
$3,356.60
$3,232.17
$2,664.03
$2,090.21
$1,510.65
$925.30
$334.09
($263.03)

Listing of all debts

Debt
Credit union loan
2nd mortgage
1st mortgage
Total Debt

Rate
6.0%
10.0%
6.0%

Principal
$19,225.00
$49,612.40
$119,412.60
$188,250.00

# of Pmts
84
142
147

$ / mth
$280.85
$582.82
$1,149.00

Real Debt
$23,591.40
$82,760.44
$168,903.00

$2,012.67

$275,254.84

After 46 mths payment goes to $280.85 + $874.83 = $1155.68

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85

6.0%
Interest
$117.96
$117.14
$116.32
$115.50
$114.67
$113.84
$113.01
$112.17
$111.33
$110.48
$109.63
$108.77
$107.91
$107.05
$106.18
$105.30
$104.43
$103.54
$102.66
$101.77
$100.87
$99.97
$99.07
$98.16
$97.24
$96.33
$95.40
$94.48
$93.54
$92.61
$91.67
$90.72
$89.77
$88.81
$87.85
$86.89
$85.92
$84.94
$83.96

Principal
$162.89
$163.71
$164.53
$165.35
$166.18
$167.01
$167.84
$168.68
$169.52
$170.37
$171.22
$172.08
$172.94
$173.80
$174.67
$175.55
$176.42
$177.31
$178.19
$179.08
$179.98
$180.88
$181.78
$182.69
$183.61
$184.52
$185.45
$186.37
$187.31
$188.24
$189.18
$190.13
$191.08
$192.04
$193.00
$193.96
$194.93
$195.91
$196.89

$23,591.40
Remaining Balance
$23,428.51
$23,264.80
$23,100.27
$22,934.92
$22,768.75
$22,601.74
$22,433.90
$22,265.22
$22,095.70
$21,925.33
$21,754.10
$21,582.02
$21,409.08
$21,235.28
$21,060.61
$20,885.06
$20,708.63
$20,531.33
$20,353.13
$20,174.05
$19,994.07
$19,813.19
$19,631.41
$19,448.71
$19,265.11
$19,080.58
$18,895.13
$18,708.76
$18,521.45
$18,333.21
$18,144.03
$17,953.90
$17,762.82
$17,570.78
$17,377.78
$17,183.82
$16,988.89
$16,792.99
$16,596.10

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$280.85
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68
$1,155.68

$82.98
$81.99
$81.00
$80.00
$78.99
$77.98
$76.97
$75.95
$70.55
$65.13
$59.67
$54.19
$48.69
$43.15
$37.59
$32.00
$26.38
$20.73
$15.06
$9.35
$3.62

$197.87
$198.86
$199.85
$200.85
$201.86
$202.87
$203.88
$1,079.73
$1,085.13
$1,090.55
$1,096.01
$1,101.49
$1,106.99
$1,112.53
$1,118.09
$1,123.68
$1,129.30
$1,134.95
$1,140.62
$1,146.33
$1,152.06

$16,398.23
$16,199.37
$15,999.52
$15,798.67
$15,596.81
$15,393.95
$15,190.07
$14,110.34
$13,025.21
$11,934.65
$10,838.65
$9,737.16
$8,630.17
$7,517.64
$6,399.55
$5,275.86
$4,146.56
$3,011.61
$1,870.99
$724.67
($427.39)

11.8 years

Listing of all debts

Debt
2nd mortgage
1st mortgage
Total Debt

Rate
10.0%
6.0%

Principal
$49,612.40
$119,412.60
$188,250.00

# of Pmts
142
147

$ / mth
$582.82
$1,149.00

Real Debt
$82,760.44
$168,903.00

$2,012.67

$275,254.84

After 60 mths payment goes to $582.82+ $1155.68 = $1738.5

Month
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39

Payment
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82

10.0%
Interest
$413.44
$412.03
$410.60
$409.17
$407.72
$406.26
$404.79
$403.31
$401.81
$400.30
$398.78
$397.25
$395.70
$394.14
$392.57
$390.98
$389.38
$387.77
$386.15
$384.51
$382.86
$381.19
$379.51
$377.81
$376.11
$374.38
$372.65
$370.90
$369.13
$367.35
$365.55
$363.74
$361.92
$360.08
$358.22
$356.35
$354.46
$352.56
$350.64

Principal
$169.38
$170.79
$172.22
$173.65
$175.10
$176.56
$178.03
$179.51
$181.01
$182.52
$184.04
$185.57
$187.12
$188.68
$190.25
$191.84
$193.44
$195.05
$196.67
$198.31
$199.96
$201.63
$203.31
$205.01
$206.71
$208.44
$210.17
$211.92
$213.69
$215.47
$217.27
$219.08
$220.90
$222.74
$224.60
$226.47
$228.36
$230.26
$232.18

$49,612.40
Remaining Balance
$49,443.02
$49,272.22
$49,100.00
$48,926.35
$48,751.25
$48,574.69
$48,396.66
$48,217.14
$48,036.13
$47,853.62
$47,669.58
$47,484.00
$47,296.88
$47,108.20
$46,917.95
$46,726.11
$46,532.68
$46,337.63
$46,140.96
$45,942.65
$45,742.68
$45,541.05
$45,337.74
$45,132.73
$44,926.02
$44,717.58
$44,507.41
$44,295.48
$44,081.79
$43,866.32
$43,649.05
$43,429.98
$43,209.07
$42,986.33
$42,761.73
$42,535.26
$42,306.90
$42,076.63
$41,844.45

40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82

$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$582.82
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50
$1,738.50

$348.70
$346.75
$344.79
$342.80
$340.80
$338.78
$336.75
$334.70
$332.63
$330.55
$328.45
$326.33
$324.19
$322.03
$319.86
$317.67
$315.46
$313.23
$310.98
$308.72
$306.44
$304.13
$292.18
$280.13
$267.97
$255.72
$243.36
$230.90
$218.34
$205.67
$192.90
$180.02
$167.03
$153.94
$140.73
$127.42
$113.99
$100.45
$86.80
$73.04
$59.16
$45.16
$31.05

$234.12
$236.07
$238.03
$240.02
$242.02
$244.04
$246.07
$248.12
$250.19
$252.27
$254.37
$256.49
$258.63
$260.79
$262.96
$265.15
$267.36
$269.59
$271.84
$274.10
$276.38
$1,434.37
$1,446.32
$1,458.37
$1,470.53
$1,482.78
$1,495.14
$1,507.60
$1,520.16
$1,532.83
$1,545.60
$1,558.48
$1,571.47
$1,584.56
$1,597.77
$1,611.08
$1,624.51
$1,638.05
$1,651.70
$1,665.46
$1,679.34
$1,693.34
$1,707.45

$41,610.34
$41,374.27
$41,136.23
$40,896.22
$40,654.20
$40,410.16
$40,164.09
$39,915.98
$39,665.79
$39,413.52
$39,159.14
$38,902.65
$38,644.02
$38,383.23
$38,120.27
$37,855.12
$37,587.76
$37,318.17
$37,046.34
$36,772.24
$36,495.85
$35,061.48
$33,615.16
$32,156.79
$30,686.26
$29,203.48
$27,708.34
$26,200.75
$24,680.58
$23,147.76
$21,602.15
$20,043.67
$18,472.20
$16,887.64
$15,289.87
$13,678.78
$12,054.27
$10,416.23
$8,764.53
$7,099.07
$5,419.72
$3,726.39
$2,018.94

83
84

$1,738.50
$1,738.50

$16.82
$2.48

$1,721.68
$1,736.02

$297.27
($1,438.76)

11.8 years

Listing of all debts

Debt
1st mortgage

Total Debt

Rate
6.0%

Principal
$119,412.60

$188,250.00

# of Pmts
147

$ / mth
$1,149.00

Real Debt
$168,903.00

$2,012.67

$275,254.84

It would take the Hopeful Family 105 Months, following this roll over schedule, to
pay off all of their debt.

After 80 mths payment goes to $1,149.00+ $1,738.50 = $2,887.50

Month
1
2
3
4
5

Payment
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

6.0%
Interest
$597.06
$594.30
$591.53
$588.74
$585.94

Principal
$551.94
$554.70
$557.47
$560.26
$563.06

$119,412.60
Remaining Balance
$118,860.66
$118,305.97
$117,748.50
$117,188.24
$116,625.18

$1,149.00

$583.13

$565.87

$116,059.31

7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00

$580.30
$577.45
$574.60
$571.72
$568.84
$565.94
$563.02
$560.09
$557.15
$554.19
$551.21
$548.22
$545.22
$542.20
$539.17
$536.12
$533.05
$529.97
$526.88
$523.77
$520.64
$517.50
$514.34
$511.17
$507.98
$504.78
$501.55
$498.32
$495.06
$491.79
$488.51
$485.21

$568.70
$571.55
$574.40
$577.28
$580.16
$583.06
$585.98
$588.91
$591.85
$594.81
$597.79
$600.78
$603.78
$606.80
$609.83
$612.88
$615.95
$619.03
$622.12
$625.23
$628.36
$631.50
$634.66
$637.83
$641.02
$644.22
$647.45
$650.68
$653.94
$657.21
$660.49
$663.79

$115,490.60
$114,919.06
$114,344.65
$113,767.37
$113,187.21
$112,604.15
$112,018.17
$111,429.26
$110,837.40
$110,242.59
$109,644.80
$109,044.03
$108,440.25
$107,833.45
$107,223.62
$106,610.74
$105,994.79
$105,375.76
$104,753.64
$104,128.41
$103,500.05
$102,868.55
$102,233.90
$101,596.06
$100,955.04
$100,310.82
$99,663.37
$99,012.69
$98,358.75
$97,701.55
$97,041.06
$96,377.26

39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81

$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$1,149.00
$2,887.50

$481.89
$478.55
$475.20
$471.83
$468.44
$465.04
$461.62
$458.18
$454.73
$451.26
$447.77
$444.26
$440.74
$437.20
$433.64
$430.06
$426.47
$422.86
$419.23
$415.58
$411.91
$408.22
$404.52
$400.80
$397.06
$393.30
$389.52
$385.72
$381.90
$378.07
$374.21
$370.34
$366.45
$362.53
$358.60
$354.65
$350.68
$346.69
$342.67
$338.64
$334.59
$330.52
$326.43

$667.11
$670.45
$673.80
$677.17
$680.56
$683.96
$687.38
$690.82
$694.27
$697.74
$701.23
$704.74
$708.26
$711.80
$715.36
$718.94
$722.53
$726.14
$729.77
$733.42
$737.09
$740.78
$744.48
$748.20
$751.94
$755.70
$759.48
$763.28
$767.10
$770.93
$774.79
$778.66
$782.55
$786.47
$790.40
$794.35
$798.32
$802.31
$806.33
$810.36
$814.41
$818.48
$2,561.07

$95,710.15
$95,039.70
$94,365.90
$93,688.73
$93,008.17
$92,324.21
$91,636.83
$90,946.02
$90,251.75
$89,554.00
$88,852.77
$88,148.04
$87,439.78
$86,727.98
$86,012.62
$85,293.68
$84,571.15
$83,845.00
$83,115.23
$82,381.81
$81,644.72
$80,903.94
$80,159.46
$79,411.26
$78,659.31
$77,903.61
$77,144.13
$76,380.85
$75,613.75
$74,842.82
$74,068.03
$73,289.37
$72,506.82
$71,720.36
$70,929.96
$70,135.61
$69,337.29
$68,534.97
$67,728.65
$66,918.29
$66,103.88
$65,285.40
$62,724.33

82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105

$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50
$2,887.50

$313.62
$300.75
$287.82
$274.82
$261.76
$248.63
$235.43
$222.17
$208.85
$195.45
$181.99
$168.47
$154.87
$141.21
$127.48
$113.68
$99.81
$85.87
$71.86
$57.78
$43.63
$29.41
$15.12
$0.76

$2,573.88
$2,586.75
$2,599.68
$2,612.68
$2,625.74
$2,638.87
$2,652.07
$2,665.33
$2,678.65
$2,692.05
$2,705.51
$2,719.03
$2,732.63
$2,746.29
$2,760.02
$2,773.82
$2,787.69
$2,801.63
$2,815.64
$2,829.72
$2,843.87
$2,858.09
$2,872.38
$2,886.74

$60,150.45
$57,563.70
$54,964.02
$52,351.34
$49,725.60
$47,086.72
$44,434.66
$41,769.33
$39,090.68
$36,398.63
$33,693.12
$30,974.09
$28,241.46
$25,495.17
$22,735.14
$19,961.32
$17,173.63
$14,371.99
$11,556.35
$8,726.64
$5,882.77
$3,024.68
$152.31
($2,734.43)