The Save on Loans Program Saves Average Client
$75,000 Interest (Over 34%), 9 Years on Mortgage

Bottom Line Savings

This page explains (by way of example):



CLIENT : $100,000 30 yr fixed 10.0% AGENT : Vicki L. Simons MORTGAGE AMOUNT : $100,000 Probe Consultants INITIAL INTEREST RATE : 10% MORTGAGE SAVINGS PLUS PROGRAM CURRENT TERM : 360 OPTION #2 = $25 MONTHS PAID : 1 SPLIT-PAY AMOUNT : $466.74 INITIAL MONTHLY PAYMENT : $877.58 OPTION #3 = $50 SPLIT-PAY AMOUNT : $441.74 SPLIT-PAY AMOUNT : $491.74 ************************************************************************ YEAR MORTGAGE BALANCE EQUITY BUILDUP MSP MSP PLUS MSP MSP SPLIT-PAY OPT #2 OPT #3 CURRENT SPLIT-PAY CURRENT SPLIT-PAY DIFF. $25 $50 ************************************************************************ 1 99,444 98,544 556 1,456 900 97,919 97,294 2 98,830 96,936 1,170 3,064 1,894 95,566 94,196 3 98,151 95,159 1,849 4,841 2,992 92,966 90,773 4 97,402 93,196 2,598 6,804 4,206 90,094 86,992 5 96,574 91,027 3,426 8,973 5,546 86,921 82,815 6 95,659 88,632 4,341 11,368 7,027 83,416 78,200 7 94,648 85,986 5,352 14,014 8,663 79,544 73,102 8 93,532 83,062 6,468 16,938 10,470 75,266 67,471 9 92,299 79,832 7,701 20,168 12,466 70,541 61,250 10 90,936 76,265 9,064 23,735 14,672 65,321 54,377 11 89,431 72,323 10,569 27,677 17,108 59,554 46,784 12 87,768 67,969 12,232 32,031 19,799 53,183 38,397 13 85,932 63,159 14,068 36,841 22,772 46,145 29,131 14 83,903 57,846 16,097 42,154 26,057 38,370 18,895 15 81,661 51,976 18,339 48,024 29,685 29,782 7,587 16 79,185 45,491 20,815 54,509 33,694 20,293 PAID OFF 17 76,449 38,327 23,551 61,673 38,122 9,811 18 73,427 30,413 26,573 69,587 43,014 PAID OFF 19 70,088 21,670 29,912 78,330 48,418 20 66,400 12,012 33,600 87,988 54,388 21 62,326 1,343 37,674 98,657 60,983 22 57,825 PAID OFF 42,175 100,000 PAID OFF 23 52,853 47,147 24 47,360 52,640 25 41,292 58,708 26 34,588 65,412 27 27,183 72,817 28 19,002 80,998 29 9,964 90,036 30 PAID OFF 100,000
CURRENT MORTGAGE MSP MSP PLUS PROGRAM SPLIT-PAY OPT #2 OPT #3 ---------------- --------- --------- --------- PAID OFF IN : 30 YRS 21.2 YRS 17.9 YRS 15.7 YRS INTEREST SAVINGS : NONE $74,991 $100,690 $117,533 TOTAL INTEREST : $215,929 $140,937 $115,239 $98,396 GROSS PAYMENTS SAVED : NONE 106 145 172 GROSS PAYMENT SAVINGS : NONE $93,023 $127,249 $150,944 EQUIVALENT INTEREST RATE 10% 7% 5.875% 5.125% AVG YEARLY INT SAVINGS : NONE $3,543 $5,620 $7,502 AVG MONTHLY INT SAVINGS : NONE $295 $468 $625 OVERALL MORTGAGE SAVINGS*: 0% 23.74% 31.87% 37.20% OVERALL INTEREST SAVINGS*: 0% 34.73% 46.63% 54.43%

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* The bottom two lines of the analysis shown above are not included in The Save on Loans Program Customized Loan Analysis. But the numbers are very easy to calculate.

To obtain "Overall Mortgage Savings,"
first, add "Mortgage Amount" to "Total Interest" to obtain "Total Interest + Principal";
second, divide "Total Interest + Principal" by "Original Total Interest + Principal" to obtain "Percentage";
finally, subtract "Percentage" from 1.

To obtain "Overall Interest Savings," divide "Interest Savings" by "Original Total Interest."


CURRENT MORTGAGE MSP MSP PLUS PROGRAM SPLIT-PAY OPT #2 OPT #3 ---------------- --------- --------- --------- MORTGAGE AMOUNT: $100,000 $100,000 $100,000 $100,000 TOTAL INTEREST : $215,929 $140,937 $115,239 $98,396 TOT.INT. + PRINCIPAL: $315,929 $240,937 $215,239 $198,396 ORIG.TOT.INT. + PRIN.: $315,929 $315,929 $315,929 $315,929 PERCENTAGE: 100% 76.26% 68.13% 62.80% OVERALL MORTGAGE SAVINGS: 0% 23.74% 31.87% 37.20% INTEREST SAVINGS: $0 $74,991 $100,690 $117,533 ORIGINAL TOTAL INT.: $215,929 $215,929 $215,929 $215,929 OVERALL INTEREST SAVINGS: 0% 34.73% 46.63% 54.43%


Information listed at the top of the page is general client information

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Information in the middle of the page is a simplified amortization schedule
(based on years)

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Information at the bottom of the page is a summary comparison
of the four payment schedules regarding:

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