Credit card Debt Balance owed today $12,756.86 as of January 1, 2016 Present Minimum Payment paid monthly $560 Car Loan started March 2012 Original Car Loan Amount $145,000.00 Nominal Interest Rate 11.50% (compounded monthly) Term of Loan 10 years No prepayments were made on the principal and the couple do not intend to make any. College Loan for Jacob's MBA started January 2014 Original College Loan Amount $56,750.00 Nominal Interest Rate 8.50% (compounded monthly) Term of Loan 5 years Proposed House Mortgage Cost of House $850,000 Nominal Interest Rate 5.75% (compounded monthly) Term of Loan 30 years Jacob's Disposable Income $4,000 Money left to pay debt and mortgage Martha's Disposable Income $3,500 Assume EOY payments