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    Monthly Payment4 $0
    Repayment plan
    Year Initial Balance Interest Principal End Balance
    Products recommended for you
    p1
    $10
    5
    Some desc…
    p2
    $11
    3.5
    Some desc…

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    Your Current Mortgage Details
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    %
    Your New Mortgage Details
    %
    $
    $
    Refinancing will reduce your monthly mortgage payment by:
    $293.44

    In the first 30 years, you will save: -$136,490.07

    Monthly payment savings breakdown:

    CURRENT NEW SAVINGS
    $1,633.50 $1,340.06 = +$293.44
    Through Year: 30
    Tax deductions on interest paid have not been factored in
    1
    30
    30

    Cash Saving: -$136K

    ^
    Original loan New Loan
    Closing costs $7k
    Principal $230K $230K
    Interest $123K $252K
    Cash savings $353K $489K
    =-$136K

    Difference in principal paid: $0K

    ^
    Original principal paid to this point New principal paid to this point Difference in principal paid
    $230K $230K = $0K

    Total Savings: -$136K

    ^
    Cash savings Difference in equity Total savings
    -$136K + $0K = -$136K
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    Based on your inputs, here are some of our lending partners that we recommend:
    product 1
    $10
    3.5
    Some desc some test words
    pro 1
    pro 2
    con 1
    product 2
    $11
    4.5
    Some desc test words 2