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Robert W.

Servicer: Ocwen Loan Servicing

Robert W.Old LoanModified Loan
Interest Rate5.85%Years 1-5 - 2.0 %
Years 6 - 3.0% for 480 months
Years 7 - 4.0%
Years 8 to 2050 - 4.50%
Loan TypeAdjustable, Interest OnlyFixed Rate Loan
Monthly Payment$4,213.00
Interest, Taxes
$2,359.01 Includes: Principle, Interest, Taxes and Insurance.

TOTAL SAVINGS: this loan modification resulted in a Total Monthly Savings of $1,853.99 All delinquent interest has been capitalized to the principle balance of the loan and all late fees have been waived. The lender deferred $79,200 of the principle balance.