======================================================================= RAPID DEBT ELIMINATION STRATEGY (RDES) PACKAGE * * EXPERT DEBT ANALYSIS, STRATEGY, AND ADVICE * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * RDES ANALYZES THE PARAMETERS OF A GIVEN DEBT, GENERATES COMPARATIVE AMORTIZATION TABLES, BASED UPON THE INITIAL PAYMENT AMOUNT AND AN INCREMENTAL PAYMENT, GIVES STRATEGIC ADVICE FOR RETIRING THE DEBT IN A FRACTION OF THE INITIALLY REQUIRED TIME, CUSTOMIZED TO THE SPECIFIC PERSONAL REQUIREMENTS OF EACH CLIENT, AND SHOWS HOW TO EFFECT A PLANNED ZERO-NET-COST DEBT TRANSACTION. ======================================================================= RAPID DEBT ELIMINATION STRATEGY (RDES) PACKAGE * * EXPERT DEBT ANALYSIS, STRATEGY, AND ADVICE * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ======================================================================= x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x ======================================================================= Type of Contract ======> MORTGAGE Principal Amount ======> $ 289000.00 Rate of Loan (APR) ======> 9.50 % Term of Loan ======> 30.00 Years ======================================================================= x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x ======================================================================= ======================================================================== x x x x WHAT THE LENDER WANTS x x x x ======================================================================== ORIGINAL PURCHASE PRICE : $ 289000.00 DOWN PAYMENT : $ 28900.00 ______________ DEBT AMOUNT FINANCED : $ 260100.00 @ 9.50 % FOR 30.00 YEARS !!! PERIODIC (MONTHLY) PAYMENT : $ 2187.06 PRINCIPAL REDUCTION ( 5.85 % of PMT) : $ 127.94 INTEREST PER INITIAL PAYMENT : $ 2059.13 TOTAL REPAYMENT AMOUNT !!! : $ 787341.90 * * We MUST TURN this situation AROUND * * ======================================================================== x x x x P R O B L E M S O L U T I O N x x x x ======================================================================== TOTAL INITIAL DEBT REPAYMENT AMOUNT : $ 787341.90 PAY $ 200.00 PER PAYMENT ADDITIONAL PRINCIPAL AND PAY OFF YOUR DEBT IN 21.00 YEAR(s) INSTEAD OF 30.00 YEAR(s) , i.e., IN 252 PAYMENT(s) INSTEAD OF 360 . THUS, CREATE A TOTAL SAVINGS OF : $ 186002.80 ! INVESTED at 10 % OVER THE REMAINING 9.00 YEAR(s) , YOUR SAVINGS CAN ULTIMATELY INCREASE TO : $ 353405.25 ! * * SEE ATTACHMENTS FOR YOUR CUSTOMIZED STRATEGY * * ======================================================================== Dear Friend and Colleague: It is generally well-known that for EVERY DOLLAR that you borrow, you may pay back as much as FOUR AND 1/4 DOLLARS. That means that a 100 thousand dollar mortgage might cost you 425 thousand dollars. In any case, when signing YOUR papers, do you ever think to notice the TOTAL COST figure? Surprisingly, many people do not ... We now present to you a customized, mathematical analysis of your specific debt requirements, with supporting, descriptive amortization schedules. YOUR debt will have periodic payments of $ 2187.06 and the total debt re-payment amount is $ 787341.90 . At the time of your 1st periodic payment of $ 2187.06, the amount of your principal reduction is only $ 127.94 , while the interest payment is $ 2059.13 . That means that the initial principal reduction is only 5.85 % of the total monthly payment. Periodic debt payments like this seem to go on without end, which is exactly what the lender wants. You need to turn this situation around ! But, how are you going to do it ? The answer is that you must pay small additional principal payments with each regularly scheduled periodic payment. Do not be deceived into believing that large interest payments are to your benefit because you can use them as tax deductions. The savings on your taxes will never amount to enough to offset what you can make by judiciously and wisely paying off your Mortgage early, and using the saved payments as a savings plan for yourself, i.e., to pay the money to yourself, instead of the bank or lender. Suppose that you actually make an additional periodic payment of $ 200.00 above your regular periodic payment. When you make additional payments over and above the regularly scheduled payment, the entire payment directly reduces the PRINCIPAL. Thus, by simply adding $ 200.00 to your scheduled periodic payments, you will repay that 30.00-year debt in 21.00 year(s) . Thereby, you will reduce your obligation by 9.00 year(s) . Hence, the concept is simple: PAY OFF YOUR DEBT EARLY and then CONTINUE TO PAY YOURSELF THE SAME AMOUNT you were willing to pay the bank or lender. After your debt is paid off in 21.00 year(s), make the periodic payments of $ 2187.06 to YOUR OWN SAVINGS PLAN. These payments to yourself (in the case of a mortgage) are the keys to a free home ! Let us see why : Instead of paying your life away to the bank, you will be building an INVESTMENT that MAKES MONEY and is YOURS ! By paying yourself the periodic payments of $ 2187.06 for 9.00 year(s), invested at an annual rate of, say, 10 % , at the end of the 9.00 year(s), your savings plan will have a cumulative value of approximately : $ 353405.25 . When you are paying money out on bills, it is money spent. Now, the fact that you are paying yourself does not change that. It is still money out of your monthly budget and must be thought of that way. The total amount you paid to the bank or lender plus the amount to yourself is $ 837741.90 , which is equivalent to the periodic payment plus $ 200.00 for 21.00 year(s) , plus only the periodic payments for 9.00 more years. From this, you have your debt paid off and a savings balance of : $ 353405.25 . Are you astonished that as little as $ 200.00 extra per payment period can accomplish so much for you ? It saved you $ 186447.40 in interest on your debt. Then, in paying your own savings during the last 9.00 year(s) of saved debt payments, you have increased your personal assets over those 9.00 year(s) to a solid $ 353405.25 . What you have done is taken money that you would have paid the lenders and converted it into a respectable sum for yourself. There is one thing more to consider in properly executing the final step of this technique : Over the 21.00 year(s) that you actually paid off your debt, you spent $ 601539.30 . The savings investment made you $ 353405.25 , leaving a balance of $ 248134.06 to be made up to effect a zero net-cost transaction, i.e., to assure yourself that your Mortgage over time, is totally free of cost to you. To achieve this, you simply do the following : At the time that you initiate your debt, purchase a grade-A municipal bond with a 30.00 -year maturity date and a face amount sufficient to cover the $ 248134.06 . If, for some reason, you are unable to even possibly afford a small additional regular debt payment amount, there are other creative ways to decrease the amount of excessive interest that you pay on your debt. One way is to accelerate your Mortgage payments, while reducing the term of your debt by, e.g., paying 1/2 of your regular monthly payment on a bi-weekly basis (i.e., 1/2 once every 2 weeks) instead of the entire payment on a monthly basis. You may be surprised to learn that just this simple procedure can save you a substantial amount in interest payments. If you desire to do so, you may contact the author for more detailed instructions for implementing this alternative process. ======================================================================= x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x * * AMORTIZATION SCHEDULE # 1 * * Reflecting Payments of $ 2187.06 Total Amount Repaid : $ 787326.40 Total Interest Paid : $ 527243.00 Total Interest Saved : $ .00 x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x ----- ---------- -------- ------------------- -------------- ($) ($) ($) ($) Pmt # Pmt Amount Interest Principal Reduction Unpaid Balance ----- ---------- -------- ------------------- -------------- 0.) 260100.00 1.) 2187.06 2059.13 127.94 259972.10 2.) 2187.06 2058.11 128.95 259843.10 3.) 2187.06 2057.09 129.97 259713.10 4.) 2187.06 2056.06 131.00 259582.10 5.) 2187.06 2055.03 132.04 259450.10 6.) 2187.06 2053.98 133.08 259317.00 7.) 2187.06 2052.93 134.13 259182.90 8.) 2187.06 2051.86 135.20 259047.70 9.) 2187.06 2050.79 136.27 258911.40 10.) 2187.06 2049.72 137.35 258774.10 11.) 2187.06 2048.63 138.43 258635.60 12.) 2187.06 2047.53 139.53 258496.10 13.) 2187.06 2046.43 140.63 258355.50 14.) 2187.06 2045.31 141.75 258213.70 15.) 2187.06 2044.19 142.87 258070.80 16.) 2187.06 2043.06 144.00 257926.80 17.) 2187.06 2041.92 145.14 257781.70 18.) 2187.06 2040.77 146.29 257635.40 19.) 2187.06 2039.61 147.45 257488.00 20.) 2187.06 2038.45 148.61 257339.40 21.) 2187.06 2037.27 149.79 257189.60 22.) 2187.06 2036.08 150.98 257038.60 23.) 2187.06 2034.89 152.17 256886.40 24.) 2187.06 2033.68 153.38 256733.00 25.) 2187.06 2032.47 154.59 256578.40 26.) 2187.06 2031.25 155.81 256422.60 27.) 2187.06 2030.01 157.05 256265.60 28.) 2187.06 2028.77 158.29 256107.30 29.) 2187.06 2027.52 159.54 255947.70 30.) 2187.06 2026.25 160.81 255786.90 31.) 2187.06 2024.98 162.08 255624.80 32.) 2187.06 2023.70 163.36 255461.50 33.) 2187.06 2022.40 164.66 255296.80 34.) 2187.06 2021.10 165.96 255130.90 35.) 2187.06 2019.79 167.27 254963.60 36.) 2187.06 2018.46 168.60 254795.00 37.) 2187.06 2017.13 169.93 254625.10 38.) 2187.06 2015.78 171.28 254453.80 39.) 2187.06 2014.43 172.64 254281.10 40.) 2187.06 2013.06 174.00 254107.10 41.) 2187.06 2011.68 175.38 253931.80 42.) 2187.06 2010.29 176.77 253755.00 43.) 2187.06 2008.89 178.17 253576.80 44.) 2187.06 2007.48 179.58 253397.30 45.) 2187.06 2006.06 181.00 253216.30 46.) 2187.06 2004.63 182.43 253033.80 47.) 2187.06 2003.18 183.88 252849.90 48.) 2187.06 2001.73 185.33 252664.60 49.) 2187.06 2000.26 186.80 252477.80 50.) 2187.06 1998.78 188.28 252289.50 51.) 2187.06 1997.29 189.77 252099.80 52.) 2187.06 1995.79 191.27 251908.50 53.) 2187.06 1994.28 192.79 251715.70 54.) 2187.06 1992.75 194.31 251521.40 55.) 2187.06 1991.21 195.85 251325.60 56.) 2187.06 1989.66 197.40 251128.20 57.) 2187.06 1988.10 198.96 250929.20 58.) 2187.06 1986.52 200.54 250728.70 59.) 2187.06 1984.94 202.13 250526.50 60.) 2187.06 1983.33 203.73 250322.80 61.) 2187.06 1981.72 205.34 250117.50 62.) 2187.06 1980.10 206.96 249910.50 63.) 2187.06 1978.46 208.60 249701.90 64.) 2187.06 1976.81 210.25 249491.60 65.) 2187.06 1975.14 211.92 249279.70 66.) 2187.06 1973.46 213.60 249066.10 67.) 2187.06 1971.77 215.29 248850.80 68.) 2187.06 1970.07 216.99 248633.90 69.) 2187.06 1968.35 218.71 248415.20 70.) 2187.06 1966.62 220.44 248194.70 71.) 2187.06 1964.87 222.19 247972.50 72.) 2187.06 1963.12 223.94 247748.60 73.) 2187.06 1961.34 225.72 247522.90 74.) 2187.06 1959.56 227.50 247295.40 75.) 2187.06 1957.76 229.31 247066.10 76.) 2187.06 1955.94 231.12 246834.90 77.) 2187.06 1954.11 232.95 246602.00 78.) 2187.06 1952.27 234.80 246367.20 79.) 2187.06 1950.41 236.65 246130.50 80.) 2187.06 1948.53 238.53 245892.00 81.) 2187.06 1946.65 240.42 245651.60 82.) 2187.06 1944.74 242.32 245409.30 83.) 2187.06 1942.82 244.24 245165.00 84.) 2187.06 1940.89 246.17 244918.90 85.) 2187.06 1938.94 248.12 244670.70 86.) 2187.06 1936.98 250.08 244420.70 87.) 2187.06 1935.00 252.06 244168.60 88.) 2187.06 1933.00 254.06 243914.50 89.) 2187.06 1930.99 256.07 243658.50 90.) 2187.06 1928.96 258.10 243400.40 91.) 2187.06 1926.92 260.14 243140.20 92.) 2187.06 1924.86 262.20 242878.00 93.) 2187.06 1922.78 264.28 242613.70 94.) 2187.06 1920.69 266.37 242347.40 95.) 2187.06 1918.58 268.48 242078.90 96.) 2187.06 1916.46 270.60 241808.30 97.) 2187.06 1914.32 272.75 241535.50 98.) 2187.06 1912.16 274.90 241260.60 99.) 2187.06 1909.98 277.08 240983.50 100.) 2187.06 1907.79 279.27 240704.30 101.) 2187.06 1905.58 281.49 240422.80 102.) 2187.06 1903.35 283.71 240139.00 103.) 2187.06 1901.10 285.96 239853.10 104.) 2187.06 1898.84 288.22 239564.90 105.) 2187.06 1896.56 290.51 239274.40 106.) 2187.06 1894.26 292.81 238981.60 107.) 2187.06 1891.94 295.12 238686.40 108.) 2187.06 1889.60 297.46 238389.00 109.) 2187.06 1887.25 299.81 238089.20 110.) 2187.06 1884.87 302.19 237787.00 111.) 2187.06 1882.48 304.58 237482.40 112.) 2187.06 1880.07 306.99 237175.40 113.) 2187.06 1877.64 309.42 236866.00 114.) 2187.06 1875.19 311.87 236554.10 115.) 2187.06 1872.72 314.34 236239.80 116.) 2187.06 1870.23 316.83 235923.00 117.) 2187.06 1867.72 319.34 235603.60 118.) 2187.06 1865.20 321.87 235281.80 119.) 2187.06 1862.65 324.41 234957.30 120.) 2187.06 1860.08 326.98 234630.40 121.) 2187.06 1857.49 329.57 234300.80 122.) 2187.06 1854.88 332.18 233968.60 123.) 2187.06 1852.25 334.81 233633.80 124.) 2187.06 1849.60 337.46 233296.30 125.) 2187.06 1846.93 340.13 232956.20 126.) 2187.06 1844.24 342.82 232613.40 127.) 2187.06 1841.52 345.54 232267.80 128.) 2187.06 1838.79 348.27 231919.60 129.) 2187.06 1836.03 351.03 231568.50 130.) 2187.06 1833.25 353.81 231214.70 131.) 2187.06 1830.45 356.61 230858.10 132.) 2187.06 1827.63 359.43 230498.70 133.) 2187.06 1824.78 362.28 230136.40 134.) 2187.06 1821.91 365.15 229771.30 135.) 2187.06 1819.02 368.04 229403.20 136.) 2187.06 1816.11 370.95 229032.30 137.) 2187.06 1813.17 373.89 228658.40 138.) 2187.06 1810.21 376.85 228281.50 139.) 2187.06 1807.23 379.83 227901.70 140.) 2187.06 1804.22 382.84 227518.90 141.) 2187.06 1801.19 385.87 227133.00 142.) 2187.06 1798.14 388.92 226744.10 143.) 2187.06 1795.06 392.00 226352.10 144.) 2187.06 1791.95 395.11 225957.00 145.) 2187.06 1788.83 398.23 225558.70 146.) 2187.06 1785.67 401.39 225157.30 147.) 2187.06 1782.50 404.57 224752.80 148.) 2187.06 1779.29 407.77 224345.00 149.) 2187.06 1776.06 411.00 223934.00 150.) 2187.06 1772.81 414.25 223519.80 151.) 2187.06 1769.53 417.53 223102.20 152.) 2187.06 1766.23 420.83 222681.40 153.) 2187.06 1762.89 424.17 222257.20 154.) 2187.06 1759.54 427.52 221829.70 155.) 2187.06 1756.15 430.91 221398.80 156.) 2187.06 1752.74 434.32 220964.50 157.) 2187.06 1749.30 437.76 220526.70 158.) 2187.06 1745.84 441.22 220085.50 159.) 2187.06 1742.34 444.72 219640.80 160.) 2187.06 1738.82 448.24 219192.50 161.) 2187.06 1735.27 451.79 218740.70 162.) 2187.06 1731.70 455.36 218285.40 163.) 2187.06 1728.09 458.97 217826.40 164.) 2187.06 1724.46 462.60 217363.80 165.) 2187.06 1720.80 466.26 216897.50 166.) 2187.06 1717.11 469.96 216427.60 167.) 2187.06 1713.39 473.68 215953.90 168.) 2187.06 1709.64 477.43 215476.50 169.) 2187.06 1705.86 481.21 214995.30 170.) 2187.06 1702.05 485.01 214510.30 171.) 2187.06 1698.21 488.85 214021.40 172.) 2187.06 1694.34 492.72 213528.70 173.) 2187.06 1690.44 496.63 213032.10 174.) 2187.06 1686.50 500.56 212531.50 175.) 2187.06 1682.54 504.52 212027.00 176.) 2187.06 1678.55 508.51 211518.50 177.) 2187.06 1674.52 512.54 211005.90 178.) 2187.06 1670.46 516.60 210489.30 179.) 2187.06 1666.37 520.69 209968.60 180.) 2187.06 1662.25 524.81 209443.80 181.) 2187.06 1658.10 528.96 208914.90 182.) 2187.06 1653.91 533.15 208381.70 183.) 2187.06 1649.69 537.37 207844.30 184.) 2187.06 1645.43 541.63 207302.70 185.) 2187.06 1641.15 545.91 206756.80 186.) 2187.06 1636.82 550.24 206206.50 187.) 2187.06 1632.47 554.59 205652.00 188.) 2187.06 1628.08 558.98 205093.00 189.) 2187.06 1623.65 563.41 204529.60 190.) 2187.06 1619.19 567.87 203961.70 191.) 2187.06 1614.70 572.36 203389.30 192.) 2187.06 1610.17 576.90 202812.40 193.) 2187.06 1605.60 581.46 202231.00 194.) 2187.06 1601.00 586.07 201644.90 195.) 2187.06 1596.36 590.71 201054.20 196.) 2187.06 1591.68 595.38 200458.80 197.) 2187.06 1586.97 600.10 199858.70 198.) 2187.06 1582.21 604.85 199253.90 199.) 2187.06 1577.43 609.63 198644.30 200.) 2187.06 1572.60 614.46 198029.80 201.) 2187.06 1567.74 619.32 197410.50 202.) 2187.06 1562.83 624.23 196786.20 203.) 2187.06 1557.89 629.17 196157.10 204.) 2187.06 1552.91 634.15 195522.90 205.) 2187.06 1547.89 639.17 194883.70 206.) 2187.06 1542.83 644.23 194239.50 207.) 2187.06 1537.73 649.33 193590.20 208.) 2187.06 1532.59 654.47 192935.70 209.) 2187.06 1527.41 659.65 192276.00 210.) 2187.06 1522.19 664.88 191611.20 211.) 2187.06 1516.92 670.14 190941.00 212.) 2187.06 1511.62 675.44 190265.60 213.) 2187.06 1506.27 680.79 189584.80 214.) 2187.06 1500.88 686.18 188898.60 215.) 2187.06 1495.45 691.61 188207.00 216.) 2187.06 1489.97 697.09 187509.90 217.) 2187.06 1484.45 702.61 186807.30 218.) 2187.06 1478.89 708.17 186099.10 219.) 2187.06 1473.28 713.78 185385.30 220.) 2187.06 1467.63 719.43 184665.90 221.) 2187.06 1461.94 725.12 183940.80 222.) 2187.06 1456.20 730.86 183209.90 223.) 2187.06 1450.41 736.65 182473.30 224.) 2187.06 1444.58 742.48 181730.80 225.) 2187.06 1438.70 748.36 180982.40 226.) 2187.06 1432.78 754.28 180228.20 227.) 2187.06 1426.81 760.25 179467.90 228.) 2187.06 1420.79 766.27 178701.60 229.) 2187.06 1414.72 772.34 177929.30 230.) 2187.06 1408.61 778.45 177150.80 231.) 2187.06 1402.44 784.62 176366.20 232.) 2187.06 1396.23 790.83 175575.40 233.) 2187.06 1389.97 797.09 174778.30 234.) 2187.06 1383.66 803.40 173974.90 235.) 2187.06 1377.30 809.76 173165.10 236.) 2187.06 1370.89 816.17 172349.00 237.) 2187.06 1364.43 822.63 171526.30 238.) 2187.06 1357.92 829.14 170697.20 239.) 2187.06 1351.35 835.71 169861.50 240.) 2187.06 1344.74 842.32 169019.20 241.) 2187.06 1338.07 848.99 168170.20 242.) 2187.06 1331.35 855.71 167314.50 243.) 2187.06 1324.57 862.49 166452.00 244.) 2187.06 1317.74 869.32 165582.70 245.) 2187.06 1310.86 876.20 164706.50 246.) 2187.06 1303.93 883.13 163823.30 247.) 2187.06 1296.93 890.13 162933.20 248.) 2187.06 1289.89 897.17 162036.00 249.) 2187.06 1282.79 904.28 161131.70 250.) 2187.06 1275.63 911.43 160220.30 251.) 2187.06 1268.41 918.65 159301.60 252.) 2187.06 1261.14 925.92 158375.70 253.) 2187.06 1253.81 933.25 157442.50 254.) 2187.06 1246.42 940.64 156501.80 255.) 2187.06 1238.97 948.09 155553.70 256.) 2187.06 1231.47 955.59 154598.10 257.) 2187.06 1223.90 963.16 153635.00 258.) 2187.06 1216.28 970.78 152664.20 259.) 2187.06 1208.59 978.47 151685.70 260.) 2187.06 1200.85 986.22 150699.50 261.) 2187.06 1193.04 994.02 149705.50 262.) 2187.06 1185.17 1001.89 148703.60 263.) 2187.06 1177.24 1009.82 147693.80 264.) 2187.06 1169.24 1017.82 146676.00 265.) 2187.06 1161.18 1025.88 145650.10 266.) 2187.06 1153.06 1034.00 144616.10 267.) 2187.06 1144.88 1042.18 143573.90 268.) 2187.06 1136.63 1050.43 142523.50 269.) 2187.06 1128.31 1058.75 141464.70 270.) 2187.06 1119.93 1067.13 140397.60 271.) 2187.06 1111.48 1075.58 139322.00 272.) 2187.06 1102.97 1084.09 138237.90 273.) 2187.06 1094.38 1092.68 137145.30 274.) 2187.06 1085.73 1101.33 136043.90 275.) 2187.06 1077.01 1110.05 134933.90 276.) 2187.06 1068.23 1118.83 133815.00 277.) 2187.06 1059.37 1127.69 132687.40 278.) 2187.06 1050.44 1136.62 131550.70 279.) 2187.06 1041.44 1145.62 130405.10 280.) 2187.06 1032.37 1154.69 129250.40 281.) 2187.06 1023.23 1163.83 128086.60 282.) 2187.06 1014.02 1173.04 126913.60 283.) 2187.06 1004.73 1182.33 125731.20 284.) 2187.06 995.37 1191.69 124539.50 285.) 2187.06 985.94 1201.12 123338.40 286.) 2187.06 976.43 1210.63 122127.80 287.) 2187.06 966.84 1220.22 120907.60 288.) 2187.06 957.18 1229.88 119677.70 289.) 2187.06 947.45 1239.61 118438.10 290.) 2187.06 937.63 1249.43 117188.70 291.) 2187.06 927.74 1259.32 115929.30 292.) 2187.06 917.77 1269.29 114660.00 293.) 2187.06 907.73 1279.34 113380.70 294.) 2187.06 897.60 1289.46 112091.30 295.) 2187.06 887.39 1299.67 110791.60 296.) 2187.06 877.10 1309.96 109481.60 297.) 2187.06 866.73 1320.33 108161.30 298.) 2187.06 856.28 1330.78 106830.50 299.) 2187.06 845.74 1341.32 105489.20 300.) 2187.06 835.12 1351.94 104137.30 301.) 2187.06 824.42 1362.64 102774.60 302.) 2187.06 813.63 1373.43 101401.20 303.) 2187.06 802.76 1384.30 100016.90 304.) 2187.06 791.80 1395.26 98621.62 305.) 2187.06 780.75 1406.31 97215.31 306.) 2187.06 769.62 1417.44 95797.88 307.) 2187.06 758.40 1428.66 94369.21 308.) 2187.06 747.09 1439.97 92929.24 309.) 2187.06 735.69 1451.37 91477.88 310.) 2187.06 724.20 1462.86 90015.02 311.) 2187.06 712.62 1474.44 88540.57 312.) 2187.06 700.95 1486.11 87054.45 313.) 2187.06 689.18 1497.88 85556.57 314.) 2187.06 677.32 1509.74 84046.84 315.) 2187.06 665.37 1521.69 82525.15 316.) 2187.06 653.32 1533.74 80991.41 317.) 2187.06 641.18 1545.88 79445.54 318.) 2187.06 628.94 1558.12 77887.42 319.) 2187.06 616.61 1570.45 76316.97 320.) 2187.06 604.18 1582.88 74734.09 321.) 2187.06 591.64 1595.42 73138.67 322.) 2187.06 579.01 1608.05 71530.63 323.) 2187.06 566.28 1620.78 69909.85 324.) 2187.06 553.45 1633.61 68276.24 325.) 2187.06 540.52 1646.54 66629.70 326.) 2187.06 527.49 1659.58 64970.13 327.) 2187.06 514.35 1672.71 63297.41 328.) 2187.06 501.10 1685.96 61611.46 329.) 2187.06 487.76 1699.30 59912.15 330.) 2187.06 474.30 1712.76 58199.39 331.) 2187.06 460.75 1726.32 56473.08 332.) 2187.06 447.08 1739.98 54733.10 333.) 2187.06 433.30 1753.76 52979.34 334.) 2187.06 419.42 1767.64 51211.70 335.) 2187.06 405.43 1781.63 49430.06 336.) 2187.06 391.32 1795.74 47634.32 337.) 2187.06 377.11 1809.96 45824.37 338.) 2187.06 362.78 1824.28 44000.08 339.) 2187.06 348.33 1838.73 42161.36 340.) 2187.06 333.78 1853.28 40308.07 341.) 2187.06 319.11 1867.96 38440.11 342.) 2187.06 304.32 1882.74 36557.37 343.) 2187.06 289.41 1897.65 34659.72 344.) 2187.06 274.39 1912.67 32747.05 345.) 2187.06 259.25 1927.81 30819.24 346.) 2187.06 243.99 1943.08 28876.16 347.) 2187.06 228.60 1958.46 26917.71 348.) 2187.06 213.10 1973.96 24943.74 349.) 2187.06 197.47 1989.59 22954.15 350.) 2187.06 181.72 2005.34 20948.81 351.) 2187.06 165.84 2021.22 18927.60 352.) 2187.06 149.84 2037.22 16890.38 353.) 2187.06 133.72 2053.35 14837.04 354.) 2187.06 117.46 2069.60 12767.43 355.) 2187.06 101.08 2085.99 10681.45 356.) 2187.06 84.56 2102.50 8578.95 357.) 2187.06 67.92 2119.14 6459.81 358.) 2187.06 51.14 2135.92 4323.89 359.) 2187.06 34.23 2152.83 2171.06 360.) 2171.06 17.19 2153.87 .00 ----- ---------- -------- ------------------- --------------- $ 787326.40 $ 527243.00 ======================================================================= ======================================================================== * * AMORTIZATION SCHEDULE # 2 * * Reflecting Payments of $ 2387.06 Total Amount Repaid : $ 600878.70 Total Interest Paid : $ 340792.00 Total Amount Saved : $ 186002.80 ======================================================================== ----- ---------- -------- ------------------- -------------- ($) ($) ($) ($) Pmt # Pmt Amount Interest Principal Reduction Unpaid Balance ----- ---------- -------- ------------------- -------------- 0.) 260100.00 1.) 2387.06 2059.13 327.94 259772.10 2.) 2387.06 2056.53 330.53 259441.50 3.) 2387.06 2053.91 333.15 259108.40 4.) 2387.06 2051.27 335.79 258772.60 5.) 2387.06 2048.62 338.44 258434.20 6.) 2387.06 2045.94 341.12 258093.00 7.) 2387.06 2043.24 343.82 257749.20 8.) 2387.06 2040.51 346.55 257402.70 9.) 2387.06 2037.77 349.29 257053.40 10.) 2387.06 2035.01 352.06 256701.30 11.) 2387.06 2032.22 354.84 256346.50 12.) 2387.06 2029.41 357.65 255988.80 13.) 2387.06 2026.58 360.48 255628.30 14.) 2387.06 2023.72 363.34 255265.00 15.) 2387.06 2020.85 366.21 254898.80 16.) 2387.06 2017.95 369.11 254529.60 17.) 2387.06 2015.03 372.03 254157.60 18.) 2387.06 2012.08 374.98 253782.60 19.) 2387.06 2009.11 377.95 253404.70 20.) 2387.06 2006.12 380.94 253023.70 21.) 2387.06 2003.10 383.96 252639.80 22.) 2387.06 2000.06 387.00 252252.80 23.) 2387.06 1997.00 390.06 251862.70 24.) 2387.06 1993.91 393.15 251469.60 25.) 2387.06 1990.80 396.26 251073.30 26.) 2387.06 1987.66 399.40 250673.90 27.) 2387.06 1984.50 402.56 250271.40 28.) 2387.06 1981.31 405.75 249865.60 29.) 2387.06 1978.10 408.96 249456.70 30.) 2387.06 1974.87 412.20 249044.50 31.) 2387.06 1971.60 415.46 248629.00 32.) 2387.06 1968.31 418.75 248210.30 33.) 2387.06 1965.00 422.06 247788.20 34.) 2387.06 1961.66 425.40 247362.80 35.) 2387.06 1958.29 428.77 246934.00 36.) 2387.06 1954.89 432.17 246501.80 37.) 2387.06 1951.47 435.59 246066.30 38.) 2387.06 1948.02 439.04 245627.20 39.) 2387.06 1944.55 442.51 245184.70 40.) 2387.06 1941.05 446.02 244738.70 41.) 2387.06 1937.51 449.55 244289.10 42.) 2387.06 1933.96 453.11 243836.00 43.) 2387.06 1930.37 456.69 243379.30 44.) 2387.06 1926.75 460.31 242919.00 45.) 2387.06 1923.11 463.95 242455.10 46.) 2387.06 1919.44 467.62 241987.50 47.) 2387.06 1915.73 471.33 241516.10 48.) 2387.06 1912.00 475.06 241041.10 49.) 2387.06 1908.24 478.82 240562.30 50.) 2387.06 1904.45 482.61 240079.60 51.) 2387.06 1900.63 486.43 239593.20 52.) 2387.06 1896.78 490.28 239102.90 53.) 2387.06 1892.90 494.16 238608.80 54.) 2387.06 1888.99 498.07 238110.70 55.) 2387.06 1885.04 502.02 237608.70 56.) 2387.06 1881.07 505.99 237102.70 57.) 2387.06 1877.06 510.00 236592.70 58.) 2387.06 1873.03 514.04 236078.70 59.) 2387.06 1868.96 518.10 235560.50 60.) 2387.06 1864.85 522.21 235038.30 61.) 2387.06 1860.72 526.34 234512.00 62.) 2387.06 1856.55 530.51 233981.50 63.) 2387.06 1852.35 534.71 233446.80 64.) 2387.06 1848.12 538.94 232907.90 65.) 2387.06 1843.85 543.21 232364.70 66.) 2387.06 1839.55 547.51 231817.20 67.) 2387.06 1835.22 551.84 231265.30 68.) 2387.06 1830.85 556.21 230709.10 69.) 2387.06 1826.45 560.61 230148.50 70.) 2387.06 1822.01 565.05 229583.50 71.) 2387.06 1817.54 569.53 229013.90 72.) 2387.06 1813.03 574.03 228439.90 73.) 2387.06 1808.48 578.58 227861.30 74.) 2387.06 1803.90 583.16 227278.20 75.) 2387.06 1799.29 587.78 226690.40 76.) 2387.06 1794.63 592.43 226098.00 77.) 2387.06 1789.94 597.12 225500.80 78.) 2387.06 1785.21 601.85 224899.00 79.) 2387.06 1780.45 606.61 224292.40 80.) 2387.06 1775.65 611.41 223681.00 81.) 2387.06 1770.81 616.25 223064.70 82.) 2387.06 1765.93 621.13 222443.60 83.) 2387.06 1761.01 626.05 221817.50 84.) 2387.06 1756.06 631.01 221186.50 85.) 2387.06 1751.06 636.00 220550.50 86.) 2387.06 1746.03 641.04 219909.50 87.) 2387.06 1740.95 646.11 219263.40 88.) 2387.06 1735.84 651.23 218612.20 89.) 2387.06 1730.68 656.38 217955.80 90.) 2387.06 1725.48 661.58 217294.20 91.) 2387.06 1720.25 666.81 216627.40 92.) 2387.06 1714.97 672.09 215955.30 93.) 2387.06 1709.65 677.41 215277.90 94.) 2387.06 1704.28 682.78 214595.10 95.) 2387.06 1698.88 688.18 213906.90 96.) 2387.06 1693.43 693.63 213213.30 97.) 2387.06 1687.94 699.12 212514.20 98.) 2387.06 1682.40 704.66 211809.50 99.) 2387.06 1676.83 710.24 211099.30 100.) 2387.06 1671.20 715.86 210383.40 101.) 2387.06 1665.54 721.53 209661.90 102.) 2387.06 1659.82 727.24 208934.70 103.) 2387.06 1654.07 732.99 208201.70 104.) 2387.06 1648.26 738.80 207462.90 105.) 2387.06 1642.41 744.65 206718.20 106.) 2387.06 1636.52 750.54 205967.70 107.) 2387.06 1630.58 756.48 205211.20 108.) 2387.06 1624.59 762.47 204448.70 109.) 2387.06 1618.55 768.51 203680.20 110.) 2387.06 1612.47 774.59 202905.60 111.) 2387.06 1606.34 780.72 202124.90 112.) 2387.06 1600.16 786.91 201338.00 113.) 2387.06 1593.93 793.14 200544.90 114.) 2387.06 1587.65 799.41 199745.40 115.) 2387.06 1581.32 805.74 198939.70 116.) 2387.06 1574.94 812.12 198127.60 117.) 2387.06 1568.51 818.55 197309.00 118.) 2387.06 1562.03 825.03 196484.00 119.) 2387.06 1555.50 831.56 195652.40 120.) 2387.06 1548.92 838.15 194814.30 121.) 2387.06 1542.28 844.78 193969.50 122.) 2387.06 1535.59 851.47 193118.00 123.) 2387.06 1528.85 858.21 192259.80 124.) 2387.06 1522.06 865.00 191394.80 125.) 2387.06 1515.21 871.85 190523.00 126.) 2387.06 1508.31 878.75 189644.20 127.) 2387.06 1501.35 885.71 188758.50 128.) 2387.06 1494.34 892.72 187865.80 129.) 2387.06 1487.27 899.79 186966.00 130.) 2387.06 1480.15 906.91 186059.10 131.) 2387.06 1472.97 914.09 185145.00 132.) 2387.06 1465.73 921.33 184223.70 133.) 2387.06 1458.44 928.62 183295.00 134.) 2387.06 1451.09 935.97 182359.10 135.) 2387.06 1443.68 943.38 181415.70 136.) 2387.06 1436.21 950.85 180464.80 137.) 2387.06 1428.68 958.38 179506.50 138.) 2387.06 1421.09 965.97 178540.50 139.) 2387.06 1413.45 973.62 177566.90 140.) 2387.06 1405.74 981.32 176585.50 141.) 2387.06 1397.97 989.09 175596.50 142.) 2387.06 1390.14 996.92 174599.50 143.) 2387.06 1382.25 1004.81 173594.70 144.) 2387.06 1374.29 1012.77 172582.00 145.) 2387.06 1366.27 1020.79 171561.20 146.) 2387.06 1358.19 1028.87 170532.30 147.) 2387.06 1350.05 1037.01 169495.30 148.) 2387.06 1341.84 1045.22 168450.10 149.) 2387.06 1333.56 1053.50 167396.60 150.) 2387.06 1325.22 1061.84 166334.70 151.) 2387.06 1316.82 1070.24 165264.50 152.) 2387.06 1308.34 1078.72 164185.80 153.) 2387.06 1299.80 1087.26 163098.50 154.) 2387.06 1291.20 1095.86 162002.60 155.) 2387.06 1282.52 1104.54 160898.10 156.) 2387.06 1273.78 1113.28 159784.80 157.) 2387.06 1264.96 1122.10 158662.70 158.) 2387.06 1256.08 1130.98 157531.70 159.) 2387.06 1247.13 1139.93 156391.80 160.) 2387.06 1238.10 1148.96 155242.80 161.) 2387.06 1229.01 1158.05 154084.80 162.) 2387.06 1219.84 1167.22 152917.60 163.) 2387.06 1210.60 1176.46 151741.10 164.) 2387.06 1201.28 1185.78 150555.30 165.) 2387.06 1191.90 1195.16 149360.10 166.) 2387.06 1182.43 1204.63 148155.50 167.) 2387.06 1172.90 1214.16 146941.40 168.) 2387.06 1163.29 1223.78 145717.60 169.) 2387.06 1153.60 1233.46 144484.10 170.) 2387.06 1143.83 1243.23 143240.90 171.) 2387.06 1133.99 1253.07 141987.80 172.) 2387.06 1124.07 1262.99 140724.80 173.) 2387.06 1114.07 1272.99 139451.80 174.) 2387.06 1103.99 1283.07 138168.80 175.) 2387.06 1093.84 1293.22 136875.50 176.) 2387.06 1083.60 1303.46 135572.10 177.) 2387.06 1073.28 1313.78 134258.30 178.) 2387.06 1062.88 1324.18 132934.10 179.) 2387.06 1052.40 1334.67 131599.40 180.) 2387.06 1041.83 1345.23 130254.20 181.) 2387.06 1031.18 1355.88 128898.30 182.) 2387.06 1020.45 1366.62 127531.70 183.) 2387.06 1009.63 1377.43 126154.30 184.) 2387.06 998.72 1388.34 124765.90 185.) 2387.06 987.73 1399.33 123366.60 186.) 2387.06 976.65 1410.41 121956.20 187.) 2387.06 965.49 1421.57 120534.60 188.) 2387.06 954.23 1432.83 119101.80 189.) 2387.06 942.89 1444.17 117657.60 190.) 2387.06 931.46 1455.60 116202.00 191.) 2387.06 919.93 1467.13 114734.90 192.) 2387.06 908.32 1478.74 113256.20 193.) 2387.06 896.61 1490.45 111765.70 194.) 2387.06 884.81 1502.25 110263.50 195.) 2387.06 872.92 1514.14 108749.30 196.) 2387.06 860.93 1526.13 107223.20 197.) 2387.06 848.85 1538.21 105685.00 198.) 2387.06 836.67 1550.39 104134.60 199.) 2387.06 824.40 1562.66 102571.90 200.) 2387.06 812.03 1575.03 100996.90 201.) 2387.06 799.56 1587.50 99409.39 202.) 2387.06 786.99 1600.07 97809.32 203.) 2387.06 774.32 1612.74 96196.59 204.) 2387.06 761.56 1625.50 94571.08 205.) 2387.06 748.69 1638.37 92932.70 206.) 2387.06 735.72 1651.34 91281.36 207.) 2387.06 722.64 1664.42 89616.95 208.) 2387.06 709.47 1677.59 87939.35 209.) 2387.06 696.19 1690.87 86248.48 210.) 2387.06 682.80 1704.26 84544.22 211.) 2387.06 669.31 1717.75 82826.47 212.) 2387.06 655.71 1731.35 81095.12 213.) 2387.06 642.00 1745.06 79350.06 214.) 2387.06 628.19 1758.87 77591.19 215.) 2387.06 614.26 1772.80 75818.39 216.) 2387.06 600.23 1786.83 74031.56 217.) 2387.06 586.08 1800.98 72230.59 218.) 2387.06 571.83 1815.24 70415.35 219.) 2387.06 557.45 1829.61 68585.74 220.) 2387.06 542.97 1844.09 66741.65 221.) 2387.06 528.37 1858.69 64882.96 222.) 2387.06 513.66 1873.40 63009.56 223.) 2387.06 498.83 1888.24 61121.32 224.) 2387.06 483.88 1903.18 59218.14 225.) 2387.06 468.81 1918.25 57299.89 226.) 2387.06 453.62 1933.44 55366.45 227.) 2387.06 438.32 1948.74 53417.71 228.) 2387.06 422.89 1964.17 51453.54 229.) 2387.06 407.34 1979.72 49473.82 230.) 2387.06 391.67 1995.39 47478.43 231.) 2387.06 375.87 2011.19 45467.23 232.) 2387.06 359.95 2027.11 43440.12 233.) 2387.06 343.90 2043.16 41396.96 234.) 2387.06 327.73 2059.33 39337.63 235.) 2387.06 311.42 2075.64 37261.99 236.) 2387.06 294.99 2092.07 35169.92 237.) 2387.06 278.43 2108.63 33061.29 238.) 2387.06 261.74 2125.33 30935.96 239.) 2387.06 244.91 2142.15 28793.81 240.) 2387.06 227.95 2159.11 26634.70 241.) 2387.06 210.86 2176.20 24458.50 242.) 2387.06 193.63 2193.43 22265.06 243.) 2387.06 176.27 2210.80 20054.27 244.) 2387.06 158.76 2228.30 17825.97 245.) 2387.06 141.12 2245.94 15580.03 246.) 2387.06 123.34 2263.72 13316.32 247.) 2387.06 105.42 2281.64 11034.68 248.) 2387.06 87.36 2299.70 8734.97 249.) 2387.06 69.15 2317.91 6417.06 250.) 2387.06 50.80 2336.26 4080.80 251.) 2387.06 32.31 2354.75 1726.05 252.) 1726.05 13.66 1712.39 .00 ----- ---------- -------- ------------------- -------------- $ 600878.70 $ 340792.00 Thus, by adding $ 200.00 to your regular installment payment of $ 2187.06 , you can pay off the debt in 252 payments instead of the required 360 , i.e., you can pay off your debt in 21.00 years , instead of 30.00 . =============================================================