INCREASED INTEREST PAYMENT DATA
INCREASED INTEREST PAYMENT DATA
OLD MORTGAGE
|Current principal balance of OLD Mortgage |$ | |
|Principal & Interest payment of OLD Mortgage |$ | |
|Interest rate of OLD Mortgage |% | |
|Original start date of OLD Mortgage |Date | |
|Terms of OLD Mortgage |# of Months | |
|Number of months remaining till payoff date |# of Months | |
|NEW MORTGAGE |
|Principal of NEW Mortgage |$ | |
|Origination Fee % charged on NEW Mortgage |% | |
|Discount point(s) % charged on NEW Mortgage |% | |
|Interest rate of NEW Mortgage |% | |
|Principal & Interest payment of NEW Mortgage |$ | |
|Terms of NEW Mortgage |# of Months | |
|Current interest rate charged in area |% | |
The following documents are required to calculate and process the amount of increased interest payment.
1. Copy of OLD Mortgage or Note
2. Copy of NEW Mortgage or Note
3. Payoff Statement or other mortgage balance documentation
INDOT will pay the amount of increased interest or buy down points at the time of New Mortgage which ever is less. If you have any question regarding these figures please contact your Relocation Specialist who will assist you in filing the Increased Interest claim. This check can be prepared for delivery at closing if the required information is supplied in a timely manner.
|Date | |Displacee |
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100 North Senate Avenue
Room N642
Indianapolis, Indiana 46204 |PHONE: (317) 232-5060
FAX: (317) 233-3055 | | |
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