Gerson & Co. is Not the Typical Mortage Website found on the Internet! Most sites are just a referral service... selling your name to mortgage brokers, potentially damaging your credit...
We're a direct lender, offering more than the best rates… you’ll find us to be a valuable resource offering you education, information and the tools to transform you mortgage into a tax-free wealth building vehicle! Below is an example of a custom analysis you will receive.
PREPARED FOR |
Valued Customer |
Subject Property |
123 Any Street |
Any City, ST 12345 |
Market Value: $250,000.00 |
PREPARED BY |
Gerson & Company, Inc. |
800-238-0987 |
analysis@gersonfunding.com |
Fax: (954)252-4307 |
Date: 01/1/2005 |
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|
LOAN SUMMARY |
30 Year Fixed |
Interest Only |
Fixed ARM |
Loan Type |
Conventional |
Conventional |
Conventional |
Rate Type |
Fixed |
ARM |
ARM |
Loan Amount |
$225,000.00 |
$225,000.00 |
$225,000.00 |
Interest Rate |
6.000% |
4.875% |
5.375% |
Index + Margin |
|
2.181 + 2.752% |
2.750 + 2.075% |
Term |
30 Yr. |
30 Yr. |
30 Yr. |
MONTHLY PAYMENT SUMMARY |
30 Year Fixed |
Interest Only |
Fixed ARM |
The starting monthly payment for each scenario is shown below. |
Total Monthly Payment |
$1,348.99 |
$914.06 |
$1,259.94 |
PAYMENT SAVINGS |
|
$434.93 |
$89.05 |
TOTAL PAYMENT SAVINGS ENDING YR. 5 |
$26,095.80 |
$7,719.72 |
INVESTMENT SUMMARY |
30 Year Fixed |
Interest Only |
Fixed ARM |
Compounding return and investment balance are shown at the end of year 5 and are based on an investment rate of 8.000%. The Investment Balance > Mortgage Balance is when the investment balance is greater than the remaining mortgage balance. |
Starting Contribution |
$0.00 / mo. |
$434.93 / mo. |
$89.05 / mo. |
Contribution Ending Yr. 5 |
|
$434.93 / mo. |
$155.07 / mo. |
A. Total Contribution |
|
$26,095.80 |
$7,719.72 |
B. Compounding Return @ 8.000% |
|
$5,861.45 |
$1,499.51 |
C. INVESTMENT BALANCE ENDING YR. 5 (A + B) |
|
$31,957.25 |
$9,219.23 |
Investment Balance > Mortgage Balance |
29 Yr. 11 Mo. |
18 Yr. 5 Mo. |
21 Yr. 7 Mo. |
WEALTH AND NET WORTH SUMMARY |
30 Year Fixed |
Interest Only |
Fixed ARM |
The net worth is the equity (property value - outstanding balance) + investment balance (earning 8.000%). The results that yield the highest net worth are bolded. |
(A) Results when payment savings consumed |
|
Equity ending year 5 |
$40,627.78 |
$25,000.00 |
$43,200.01 |
Investment Balance ending year 5 |
$0.00 |
$0.00 |
$0.00 |
Net Worth ending year 5 |
$40,627.78 |
$25,000.00 |
$43,200.01 |
(B) Results when applied to compounding investment |
|
Equity ending year 5 |
$40,627.78 |
$25,000.00 |
$43,200.01 |
Investment Balance ending year 5 |
$0.00 |
$31,957.25 |
$9,219.23 |
Net Worth ending year 5 |
$40,627.78 |
$56,957.25 |
$52,419.24 |
COMMENTS/NOTES |
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Thank you for applying with Gerson & Company! |
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