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First Lien HELOC Calculator | Calculator

Calculating...

Mortgage

Enter your current mortgage details and information to compare against a First Lien HELOC refinance option.
$
$
$
Escrow
$
$
$
Calculate Your Personal Cash Flow
0
300
0%

Total Monthly Income

Your household income is

00.00%

of national average
0
300
0%

Total Monthly Expenses

Your household expenses is

00.00%

of national average

Do not include your mortgage
payments in this figure

Your Household Profit is:

Using the maximized cashflow strategy, this would be your monthly contribution to your loan

$ (Income - Expenses)

First Lien HELOC

%
$

Based on your information,
our calculations show you are a

The interest rate exceeds the rate of paydown in your numbers.
We do not recommend this strategy for you at your current Cashflow

You could Save

$ 200,000

on the total cost of
your home

How many years to pay off?

Years

By switching from a year mortgage
and using the Maximized Cashflow Strategy
with your current income and expenses ratio.

First Lien HELOC

Mortgage

First Lien HELOC

Total Cost

$

0000

Paid in Interest

$

0000


Actual Cost of Funds

0000

%

Equivalent Interest Rate

coming soon

%

Mortgage

Total Cost

$

0000

Paid in Interest

$

0000


Actual Cost of Funds

0000

%

Interest Rate

0000

%


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  • Potential Savings

  • Mortgage

  • First Lien HELOC

  • Side by side comparison

You could Save

$ 200,000

on the total cost of
your home

Paid Off how much sooner?

Years

By switching from a year mortgage
and using the Maximized Cashflow Strategy
with your current income and expenses ratio.

First Lien HELOC

Mortgage

First Lien HELOC

Total Cost

$

0000

Paid in Interest

$

0000

Mortgage

Total Cost

$

0000

Paid in Interest

$

0000

Total Loan Cost

$ 450,000

Principal + Interest Paid

Total Interest Paid

$ 100,000

The total you paid to borrow your
principal balance.

Monthly Payment

Timeline

Interest Rate

Monthly Payment

Monthly Payment

$

0000

Timeline

Years to Payoff

Yr

0000

Total Payments

Yr

0000

Interest Rate

Interest Rate

%

0000

Effective Interest Rate

Yr

0000

Mortgage Payment Schedule

Mortgage Loan Information

Payment Schedule

Pmt No. Pmt Date Beginning Balance Interest Payment Toward Principal Ending Balance Cumulative Interst Equity Gained

Total Loan Cost

$ 450,000

Principal + Interest Paid

Total Interest Paid

$ 100,000

The total you paid to borrow your
principal balance.

Monthly Payments

Maximized Cash Flow Strategy

Interest Rate

Monthly Payments

First Month's Interest Only Payment

$

0000

Average Interest Only Payment

$

0000

Maximized Cash Flow Strategy

Average Monthly Household Payment

$

0000

Years to Payoff

Yr

0000

Interest Rate

Interest Rate
 

%

0000

Effective Interest Rate

Yr

0000

First Lien Heloc Payment Schedule

First Lien Loan Information

Payment Schedule

# Pmt Date Interest Beginning Balance Minimum monthly payment (interest only) Principal Reduction Ending Balance Total Interest Total Equity Gained
 

Current Mortgage

First Lien Heloc
 

Mortgage Terms

Heloc Terms
Principal Loan Amount
$
$
Annual Interest Rate
%
%
Term (years)
 

Escrow Information
Annual Homeowners Insurance
$
$
Annual Property Taxes
$
$
Annual Total
$
$
 

Payment Information
Average Monthly Payment
$
$
Monthly Excrow Payment
$
$ 0
Total
$
$
Total Interest
$
$
Total Cost
$
$

Side by Side Comparison
 


Current Mortgage


First Lien Heloc

 

Mortgage Terms

Heloc Terms
Principal Loan Amount
$
$
Annual Interest Rate
%
%
Term (years)
years
years
 

Escrow Information

Escrow Information
Annual Homeowners Insurance
$
$
Annual Property Taxes
$
$
Annual Total
$
$
 

Payment Information

Payment Information
Monthly Payment
$
$
Monthly Excrow Payment
$
$
Total
$
$
Total Interest
$
$
Total Cost
$
$