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Jen
Jen Maxwell

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To all US Homeowners who want to get our of Mortgage Prison Early!
12/8/2007 4:28:23 PM
Check this U1st software program comparison.

Money Merge Account vs a Bi-weekly payment plan or a 15 year Mortgage:

If you had a 30 year, $200,000 mortgage at 6%, with a $1,199 monthly payment - which option would you choose?


$200,000 Mortgage

30 Year Mortgage

Bi-Weekly Plan

15 year Mortgage

Money Merge Account

Payment
Total Interest Paid
Payoff Term

$1,199 / Month
$231,277
30 Years

$599.55 / 2 weeks
$182,053
24.5 Years

$1,714 / Month
$108,671
15 Years

$1,199 / Month
$70,449
10.4 Years*


$400,000 Mortgage

Payment
Total Interest Paid
Payoff Term

$2,398 / Month
$463,354
30 Years

$1,199 / 2 weeks
$364,105
24.5 Years

$3,375 / Month
$207,577
15 Years

$2,398 / Month
$190,001
13.8 Years**

* Based on $5,000 Monthly Income - $4,000 Monthly Expenses = $1,000 Discretionary Income
** Based on $6,000 Monthly Income - $4,800 Monthly Expenses = $1,200 Discretionary Income


Bottom Line Results

30 Year Mortgage - Paid for Home twice. Total Interest Paid + Original Loan Amount.
Bi-Weekly Plan - 13 Applied Payments / Year - Additional out-of-pocket expense, does decrease mortgage term and save interest.
15 Year Mortgage - Reduces Loan Term but does required higher monthly payment.
Money Merge Account - Shortest Mortgage Term, keeps monthly payment the same as a 30 year loan, largest interest savings.

Did you know this program existed?  Would you like to see it in action?

Do you want to find out how much this program can save you?

Most Mortgages of 30 years are paid off in 1/3 to 1/2 of the term.

Award Winning System cancels mortgage and debt interest on steroids! Without paying more each month! "The ultimate ignorance is the rejection of something you know nothing about and refuse to investigate
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