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What-If Comparison

Core Loan Info

$
%
$

Compare Strategies

$200
$500

Scenario 1 Impact

4.5 Years

Finishing sooner saves $19,009 in interest.

New Term

19.3 Yrs

Baseline

23.8 Yrs

Scenario 2 Impact

8.7 Years

Finishing sooner saves $36,223 in interest.

New Term

15.1 Yrs

Baseline

23.8 Yrs

Baseline (Standard)

YearBalance
1$242,504
2$234,796
3$226,869
4$218,717
5$210,334
6$201,714
7$192,848
8$183,732
9$174,357
10$164,715
11$154,801
12$144,605
13$134,120
14$123,338
15$112,250
16$100,847
17$89,121
18$77,063
19$64,662
20$51,910
21$38,796
22$25,310
23$11,441
24$0

Scenario 1 ($200)

YearBalance
1$240,073
2$229,865
3$219,367
4$208,572
5$197,470
6$186,053
7$174,313
8$162,239
9$149,824
10$137,056
11$123,926
12$110,423
13$96,538
14$82,258
15$67,574
16$52,473
17$36,944
18$20,975
19$4,552
20$0

Scenario 2 ($500)

YearBalance
1$236,427
2$222,468
3$208,114
4$193,353
5$178,173
6$162,563
7$146,509
8$130,001
9$113,024
10$95,566
11$77,612
12$59,150
13$40,164
14$20,639
15$560
16$0