First-lien HELOC replacement analyzer

Compare your current mortgage against a proposed HELOC strategy.

Keep the current mortgage assumptions separate from the HELOC assumptions. Results are estimates and should be reviewed with a qualified professional.

Scenario A

Current Mortgage

Current loan balance Interest rate

Required monthly P&I payment Mortgage length

years

Mortgage maturity date Extra monthly principal

Scenario B

Proposed First-Lien HELOC

Starting HELOC balance HELOC APR

Setup / closing costs Add closing costs to HELOC balance Draw / analysis period

years

Estimated home value Max allowed LTV

HELOC strategy

Household Cash Flow

Monthly income Monthly non-housing expenses

HELOC cash flow applies only to Scenario B. The monthly sweep is calculated as income minus non-housing expenses.

Comparison

Estimated Outcome

Monthly detail

Current mortgage interest in modeled period $0

HELOC interest in modeled period $0

HELOC setup costs $0