Direct to YouTube: https://youtu.be/bB9i0X_SlkE
Direct Download: http://downloads.mortgagecoach.com/training/60.zip
Since Mortgage Coach isn't meant to show a debt consolidation yet, you will need to work around it to show the real savings per month. In the Current Mortgage, within the assumptions area in Mortgage Coach, enter the current liability payment that you will be paying off with the cash out as an “other” monthly fee. This will boost the total PITI payment by that amount. Then on your new cashout loan, make sure to exclude that liability payment so you can see a total payment savings and can show a reinvestment of that monthly savings into either a principal reduction payment or an asset accumulation payment (Analysis screen — Adjust Reinvestment Strategy Button). While this won’t account for the interest they are saving on those paid off debts, it will give an accurate financial picture on their total payments and allow you to structure a new reinvestment strategy. The end result will show cash out in the amount of the debt payoff. If you want to show a zero cash out, enter that amount as a new fee (call it debt payoff or something like that) and make sure to mark the PPE checkbox so it doesn't affect the short term savings area as a cost. This is another strategy you can use when working with a CPA or Financial Planner.