Loan Modification Cost Analyzer
General Information
Original Loan - Current Status
Original Regular Payment: $0.00
Current Remaining Principal Balance: $0.00
Remaining Term on Original Loan: N/A
Proposed Loan Modification Details
New Effective Loan Principal (after capitalization): $0.00
Loan Scenario Comparison (From Onwards)
Continuing with Original Loan
Current Regular Payment: $0.00
Remaining Term: N/A
Total Future Interest to be Paid: $0.00
Total Future Amount to be Repaid: $0.00
Projected Payoff Date: N/A
After Proposed Loan Modification
New Regular Payment: $0.00
New Loan Term: N/A
Total Future Interest to be Paid: $0.00
Total Future Amount Repaid (Incl. Mod Fees): $0.00
New Projected Payoff Date: N/A
Impact Summary:
Change in Regular Payment: $0.00 per payment
Change in Total Future Interest Paid: $0.00
Change in Loan Payoff Date: N/A
Review all terms of a loan modification carefully. While monthly payments might decrease (or increase), changes to the interest rate and loan term can significantly affect the total interest paid over the life of the loan. Consider upfront modification fees as part of the overall cost.