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William L.

Servicer: Litton Loan Servicing

William L.Old LoanNew Loan
Interest Rate9.25%6.05%
Loan TypeAdjustable Rate30 Year Fixed
Monthly Payment$2,101.28$1,231.62
Principal Balance of Loan$277,439.21$198,284.23

TOTAL SAVINGS: This loan modification resulted in a Total Monthly Savings of $869.46 per month and a principal reduction in the amount of $79,154.98. This results in an estimated savings of over $370,000 off the amount financed over the life of the loan. All delinquents payments were forgiven as well.

Click here to view the actual loan modification.