to One low monthly payment is you can save money that is tax deductible. The
Following example illustrates how much money you can save..
| Example: | ||
| Monthly payment | Current Balance | |
| Auto | $350.00 | $10,000. |
| Visa | $150.00 | $4,000. |
| MasterCard | $100.00 | $2,000. |
| Auto (2nd) | $325. | $9,000. |
| Total Payment | $925.00 | $25,000. |
| New Loan | $30,000. | |
| New Payment | $ 314. | |
| New Loan | $30,000. | |
| Pay-off Debt | $25,000. | |
| Cash to you & closing cost | $5,000. | |
| Old payment | $925. | |
| New payment | $314. | |
| Savings | $611. (per month) | |
| Saving for year | $611. = $ 7,332. | |
| Savings for 3-years | $21,996. | |
| NOTE: new payment based on 9.5% rate, amortized APR 10.5. | ||
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