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
Your Household Profit is:

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

$ (Income - Expenses)

0
300
0%

Total Monthly Expenses

Your household income is

00.00%

of national average

Do not include your mortgage
payments in this figure

Your Debt to Income Ratio is:

Underwriters generally like to see a 45% or less to income ratio to underwrite loans for homes (this is a Stressed Debt to Income Ratio).

$ (Expenses - Income)

First Lien HELOC

%
$

Based on your information,
our calculations show you are a


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

Mortgage

Total Cost

$

0000

Paid in Interest

$

0000



Want to see more details?
Click here to see more!

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
$
$