Pegasus Debt Consolidation Calculator
| Current | Debt Consolidation | |
|---|---|---|
| Loan Amount | $527,000.00 | |
| Interest Rate | ||
| Term (in years) | ||
| Amortization | ||
| Monthly Payment | $2,197.13 | $2,916.80 |
| Current Debts | Balance Owing | Interest Rate | Interest Paid Over Term | Monthly Payment | |
|---|---|---|---|---|---|
| Credit Cards | $11,994.00 | $900.00 | |||
| Line of Credits | $5,600.00 | ||||
| Total | $70,000.00 | $17,594.00 | $1,200.00 | ||
| Current 1st Mortgage | $450,000.00 | $2,197.13 | |||
| Other Mortgages (2nd or 3rd) | |||||
| Total Debts & Monthly Payment with Mortgage | $520,000.00 | $3,397.13 | |||
Debt Consolidation Recommended Loan Amount
| Total Debts & Mortgage | $520,000.00 |
| Penalty to break current mortgages | |
| Approx Legal Fees | |
| Additional Fee (Brokerage Fee, Appraisal Fee, Lender Fee etc) | |
| Total Recommended Loan Amount | $527,000.00 |
Term Summary
| Current | New | |
|---|---|---|
| Total Principal & Interest Payment for Term | $52,731.12 | $70,003.20 |
| Total Principal Paid during Term | $24,068.38 | $19,835.70 |
| Total Interest Paid during Term | $28,662.74 | $50,167.50 |
| Balance at end of Term | $425,931.63 | $552,164.29 |
Cash Flow Savings Summary
| Current Monthly Payment Mortgage + Debts | $3,397.13 |
| New Mortgage Payments (all debts paid of) | $2,916.80 |
| Monthly Savings | $480.33 |
Interest Savings Summary
| Current Interest on Debts over term | $17,594.00 |
| Interest On Debts added to Mortgage over term | $6,107.27 |
| Interest Savings Over Term | $11,486.73 |
