Mortgage Savings Calculator

Your Home & Mortgage

Current Home Value ($)

Mortgage Balance ($)

Mortgage Rate (APR %)

Amortization Left (Years)

Your Monthly Cash Flow

Provide your average monthly take-home pay and your total non-debt expenses (like groceries, utilities, gas). Do not include payments for mortgage, cards, or loans here.

Net Monthly Income ($)

Monthly Expenses ($)

Other Debts (Optional)

Strategy & Assumptions

Assets to Consolidate (Optional)

Savings Acct ($)

Chequing Acct ($)

Short-Term Inv. ($)

Enter any cash you'd move into the HELOC to immediately pay down principal.

Use Card Offset Strategy?

Simulates paying all monthly bills with a credit card and paying it off from the HELOC at month-end to reduce interest.