Timov Family Budget

Author
Date
Purpose

To evaluate two mortgage proposals based on projected income and expenses

Yearly

Average

Monthly
Maximum Minimum

Expenses

Income

Year-End Summary
Sergei
Ava
Total
Taxes
Car Payments
Health Insurance
Other
Mortgage
Total
Net Cash Flow

Expenses

Income

Monthly Values
Sergei
Ava
Total
Taxes
Car Payments
Health Insurance
Other
Mortgage
Total
Net Cash Flow

Mortgage Plan 1

Choose a Mortgage Plan (1 or 2)

Annual Rate
Compounded per Yr.
Monthly Rate (Rate)
Years
Total Months (Nper)
Principal (PV)
Payment (PMT)

Mortgage Plan 2

Timov Family Budget

Annual Rate
Compounded per Yr.
Monthly Rate (Rate)
Years
Total Months (Nper)
Principal (PV)
Payment (PMT)

1
5,000
4,100

2
5,000
4,500

3
5,000
4,800

4
5,000
5,200

5
5,000
3,300

6
5,000
2,700

7
5,000
1,100

8
5,000
3,000

9
5,000
3,300

10
5,000
3,800

11
5,000
4,000

12
5,000
3,700

2,900
305
635
4,900

2,800
305
635
950

2,700
305
635
950

2,900
305
635
800

2,400
305
635
900

2,300
305
635
900

1,900
305
635
1,700

2,400
305
635
5,800

2,400
305
635
800

2,600
305
635
900

2,800
305
635
1,200

2,600
305
635
1,400