Scenario 1 You may change only nu

Balance: $100,000.00
Periods: 10 The other numbers are fixe
Interest: 7%
Single Payment: $14,237.75
Total Payment: $142,377.50
Period Interest Principal Balance
1 0.9345794393 $7,000.00 $7,237.75 $92,762.25
2 0.8734387283 $6,493.36 $7,744.39 $85,017.86
3 0.8162978769 $5,951.25 $8,286.50 $76,731.36
4 0.762895212 $5,371.19 $8,866.56 $67,864.80
5 0.7129861795 $4,750.54 $9,487.21 $58,377.59
6 0.6663422238 $4,086.43 $10,151.32 $48,226.27
7 0.6227497419 $3,375.84 $10,861.91 $37,364.36
8 0.5820091046 $2,615.50 $11,622.25 $25,742.11
9 0.5439337426 $1,801.95 $12,435.80 $13,306.31
10 0.5083492921 $931.44 $13,306.31 $0.00

Overall Total Payment: $142,377.50 $42,377.50 $100,000.00

Scenario 2 Refinancing
Balance: $100,000.00
Periods: 4
Interest: 7%
Single Payment: $14,237.75 Single Payment:
Total Payment: $56,951.00 Total Payment:
Period Interest Principal Balance Period
1 0.9345794393 $7,000.00 $7,237.75 $92,762.25 1
2 0.8734387283 $6,493.36 $7,744.39 $85,017.86 2
3 0.8162978769 $5,951.25 $8,286.50 $76,731.36 3
4 0.762895212 $5,371.19 $8,866.56 $67,864.80 4
5 0.7129861795 5
6 0.6663422238 6
7 0.6227497419 7
8 0.5820091046 8
9 0.5439337426 9
10 0.5083492921 10

Total before Refinancing: $56,951.00 $24,815.80 $32,135.20 Total after Refinancing:

Overall Total Payment: $142,377.50 $42,377.50 $100,000.00

Difference Between Scenarios 1 and 2: NO DIFFERENCE

You may change only numbers in "YELLOW" fields

The other numbers are fixed or being calculated

Refinancing
Balance: $67,864.80
Periods: 6
Interest: 7%
Single Payment: $14,237.75
Total Payment: $85,426.50
Interest Principal Balance
0.9345794393 $4,750.54 $9,487.21 $58,377.59
0.8734387283 $4,086.43 $10,151.32 $48,226.27
0.8162978769 $3,375.84 $10,861.91 $37,364.36
0.762895212 $2,615.50 $11,622.25 $25,742.11
0.7129861795 $1,801.95 $12,435.80 $13,306.31
0.6663422238 $931.44 $13,306.31 $0.00

Total after Refinancing: $85,426.50 $17,561.70 $67,864.80

 50% 180 200000 Payment Principal Interest
1 ($8,338.70) ($5.37) ($8,333.33)
2 ($5.59) ($8,333.11)
3 ($5.83) ($8,332.88)
4 ($6.07) ($8,332.63)
5 ($6.32) ($8,332.38)
6 ($6.59) ($8,332.12)
7 ($6.86) ($8,331.84)
8 ($7.15) ($8,331.56)
9 ($7.44) ($8,331.26)
10 ($7.75) ($8,330.95)
11 ($8.08) ($8,330.63)
12 ($8.41) ($8,330.29)
Total: ($100,064.43) ($81.45) ($99,982.98)
13 ($8.76) ($8,329.94)
50% 168 $199,918.55
1 ($8,338.70) ($8.76) ($8,329.94)
2 ($9.13) ($8,329.57)
3 ($9.51) ($8,329.19)
4 ($9.90) ($8,328.80)
5 ($10.32) ($8,328.39)

167 ($7,684.95) ($653.75)

168 ($8,005.15) ($333.55)

Rate
5.70% ($1,655.47)
 In 180 paid
($1,500,966.48)

($100,064.43)

In 168 paid
($1,400,902.05)
($1,500,966.48)

($297,984.65)