Worksheet
Print this and fill it in from the client's fact finder. Then type the same numbers into the calculator. Nothing on this page is saved or sent.
1. The loan
Mortgage balance
Interest rate
Years left
Monthly payment (principal and interest)
Escrow (taxes and insurance) per month
Mortgage insurance per month
Servicer and loan type
2. Assets
Emergency fund (keep this)
Savings beyond the emergency fund
Investments outside retirement accounts
Policies: account value and surrender value
Property other than the home
Other assets that could be sold
3. Other debts
Debt 1: balance, rate, payment, end date
Debt 2: balance, rate, payment, end date
Debt 3: balance, rate, payment, end date
Debt 4: balance, rate, payment, end date
Debt 5: balance, rate, payment, end date
4. What is true for this household
The finder turns these answers into a list of strategies.
5. Strategy amounts
One-time amounts to principal (list each)
Monthly non-income amounts (list each)
Yearly amounts (list each)
New rate, same payment
Payoff goal (years)