Loan Example - Monthly Savings by Consolidating Debt

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Example of a Debt Consolidation Loan
Old Obligations	Balance	Old Payment
1^st Mortgage 2^nd Mortgage Credit Card #1 Credit Card #2 Credit Card #3 Car Loan	$32,000.00 $18,000.00 $5,000.00 $7,000.00 $3,000.00 $6,000.00	$334.00 $283.00 $150.00 $210.00 $90.00 $320.00
Old Combined Monthly Payments $1,387.00 New Monthly Payment $531.47
SAVINGS PER MONTH:		$855.00
SAVINGS PER YEAR:		$10,266.31
New loan based on $72,500 at 7.99% fixed rate for 30 years. APR 8.21% Rate may vary depending on Applicants credit, LTV%, and income. Other rates and terms available.

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Example of a Debt Consolidation Loan