Relocatees:	enter text	Project No.:	enter text
Address:	enter text	Designation:	enter text
enter text	Parcel No.:	enter text

I.	Existing First Mortgage:
Remaining Principal Balance:	enter	(6)
Monthly Payment (Principal Interest)	enter	(7)
Interest Rate	enter	(8)
Years Remaining	enter	(9)

II.	Existing Second Mortgage:
Remaining Principal Balance:	enter	(10)
Monthly Payment (Principal Interest)	enter	(11)
Interest Rate	enter	(12)
Years Remaining	enter	(13)

III.	New Mortgage Amount:
Interest Rate (Percent)	enter	(14)
(Prevailing fixed interest rate for conventional mortgages)
Points	enter	(15)
Term (Years)	enter	(16)

IV.	Calculate present value for a monthly payment based on Item 7 above at a rate of interest based on Item (14) above and the years remaining based on (8) above. (Use fraction of years; i.e., 1.3, 1.5, etc.) (For second mortgage, calculate same as for first mortgage.)

Increased Mortgage interest payment is calculated as follows:
Existing Mortgage	enter
Less Calculated Mortgage Amount from Item IV above	enter
Equals Increased Mortgage Interest costs	enter
Add points on calculated mortgage amount	+	enter