While each district has slightly different variations of calculating the monthly payment, the example below provides a general idea of how the Chapter 13 Plan Calculator works.
The figures in this plan are calculated below.
Secured/priority debt: $10,500 (Real estate being paid "Conduit" is not included)
Unsecured debt: $2,807.50 ($8350.00 * 25%)
Total Debt: $12,587.50 ($10,500 + $2087.50)
Attorney Fees: $1,200 (Based on figures in Miscellaneous > Attorney/Credit Counseling Fees)
Mortgage Payment: $212.00 (Based on monthly payment listed in the Asset Table)
The monthly payment calculator uses the figures above to calculate the following payment:
$12,587.50 (Total Debt) + $1,200 (Attorney's Fees) = $13,787.50
$13,787.50 * 1.10 (Trustee's Fees) = $15,166.25
$15,166.25 / 60 (Total Months) = $252.77
$212.00 (Monthly mortgage payment) * 1.10 (Trustee's Fee) = $233.20
Therefore, the projected monthly payment plan is:
$233.20 + $252.77 = $485.97
You can also download your Chapter 13 Receipt for additional insight on the plan's calculations: