Alfred S.

Servicer: Saxon Mortgage

Alfred S.Old LoanModified Loan
Interest Rate9.99%4.50%
Loan TypeSub Prime 2/28Fixed
Monthly Payment$3,839
Includes Principle, Interest, Taxes and Insurance
$1,982.22
Includes: Principle, Interest, Taxes and Insurance.

TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of $1,936.71 for our client and amounts to an estimated savings of over $482,000 off the amount financed over the life of the loan. All delinquent interest and late fees have been capitalized to the principle balance of the loan. The 4.50% interest rate will be a fixed rate the life of the loan.

Click here to view the actual loan modification.