|
|
|
Original Loan
|
Refinanced Loan
|
|
Monthly Payment
|
$1,304.12
|
$1,114.04
|
|
Total Monthly Payment
|
$78,247.10
|
$66,842.27
|
|
Monthly Payment Savings
|
$11,404.83
|
|
Total Interest Paid
|
$51,307.55
|
$46,025.56
|
|
Tax Savings
|
$15,905.34
|
$14,267.92
|
|
Tax Saving Losses
|
$1,637.42
|
|
Balance at Refinance
|
$228,745.59
|
|
Points Value
|
$2,287.46
|
|
Amount Refinanced
|
$226,458.14
|
|
Balance at Sale
|
$201,806.04
|
$205,641.42
|
|
Balance Losses
|
$3,835.37
|
|
Total Losses
|
$5,472.79
|
|
Total Closing Cost
|
$3,487.46
|
|
Total Benefits
|
$2,444.58
|
|
|