US BANK New Loan Modification Approval

Here is a new loan modification approval with US BANK. My client had an adjustable arm loan with no escrow included in the payments. Borrower is saving over $20,004.60 just in the first 5 years! Check out the approval here.

OLD TERMS

5.875% Adjustable Interest Rate
$2,437.14 Principal and Interest
348.00 Taxes and Insurance
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$2,785.14 Total Principal and Interest Taxes and Insurance

NEW TERMS


4.25% Fixed Interest Rate for 5 years
$2,103.73 Principal and Interest
$348.00 Taxes
______.

$2,451.73  Total Principal and Interest Taxes and Insurance

NEW TERMS

4.875% Fixed Interest Rate for remaining term of 22 years 

$2,226.67 Principal and Interest 

$348.00 Taxes 

______.

$2,574.67  Total Principal and Interest Taxes and Insurance

Borrower is saving over $75,000.00 over the life of the loan