Explore the numbers. Review the strategy with our team.
These tools help you understand financial mechanics and explore different scenarios. They are a starting point for discussion with a Money Mentor, not a complete financial strategy.
Explore Your One-Pot Fit
Compare keeping your mortgage, applying the same surplus as extra principal, and a first-lien HELOC One-Pot using the same household budget.
A HELOC is secured by your home. Failure to repay can result in foreclosure. Variable rates, fees, future draws, lender restrictions, and changes in income or expenses can materially affect results. Access to additional credit may be reduced or suspended under the lender’s terms. Compare this approach with keeping your existing mortgage and applying the same available cash flow toward principal.
Review your results with our team before taking action
These estimates depend on the information entered and simplified assumptions. Actual costs, rates, available credit, policy values, and results may differ. This tool does not provide a personalized recommendation, loan approval, or insurance illustration.
Do not rely on these results alone to open or replace a loan, purchase insurance, borrow against a policy, or implement a financial strategy. A Real Money Masters Money Mentor will help you review your assumptions and coordinate a team assessment of whether the approach fits your circumstances. Consult your lender, licensed insurance professional, and tax or legal advisor as appropriate.
Book with Our TeamReadiness questions to review with our team
- Do you have enough equity, and what liens are already on the home?
- What is your state and property type, and do lenders write first-lien HELOCs there?
- How consistent is your income month to month?
- What reserves would you keep outside the line?
- Are you comfortable with a variable rate that can rise?
Extra Payment Debt Payoff Calculator
What happens to a debt when your positive monthly cash flow goes toward it as extra payments, instead of sitting in checking.
This calculator models additional payments toward the existing debt. It does not model a HELOC, balance transfer, or other credit-line strategy. Results assume the stated rate and payment pattern continue. Actual lender calculations, fees, and payment rules may differ.
Review your results with our team before taking action
These estimates depend on the information entered and simplified assumptions. Actual costs, rates, available credit, policy values, and results may differ. This tool does not provide a personalized recommendation, loan approval, or insurance illustration.
Do not rely on these results alone to open or replace a loan, purchase insurance, borrow against a policy, or implement a financial strategy. A Real Money Masters Money Mentor will help you review your assumptions and coordinate a team assessment of whether the approach fits your circumstances. Consult your lender, licensed insurance professional, and tax or legal advisor as appropriate.
Book with Our TeamVelocity Banking comparison
Model a credit-line strategy against applying the same surplus directly to the debt. Moving a balance to a line of credit does not eliminate it.
Moving debt to a line of credit does not eliminate it. Evaluate the combined balances, interest, fees, and required payments across all accounts. Savings are not assured. A higher credit-line rate, reduced cash flow, or additional borrowing may increase costs or extend repayment. If the credit line is secured by your home, failure to repay can result in foreclosure.
Review your results with our team before taking action
These estimates depend on the information entered and simplified assumptions. Actual costs, rates, available credit, policy values, and results may differ. This tool does not provide a personalized recommendation, loan approval, or insurance illustration.
Do not rely on these results alone to open or replace a loan, purchase insurance, borrow against a policy, or implement a financial strategy. A Real Money Masters Money Mentor will help you review your assumptions and coordinate a team assessment of whether the approach fits your circumstances. Consult your lender, licensed insurance professional, and tax or legal advisor as appropriate.
Book with Our TeamUnderstanding a Policy Loan
See the mechanics of a policy loan using values you enter. This tool does not project growth or generate an insurance illustration.
Whole life insurance requires premium payments and includes insurance costs. Dividends are not guaranteed. Policy loans accrue interest and reduce available net policy values and death benefits. Excessive borrowing can cause a policy to lapse and may create tax consequences. Tax treatment depends on the policy and circumstances, including modified endowment contract status. Review the actual policy terms and a carrier-issued illustration with a licensed insurance professional.
Review your results with our team before taking action
These estimates depend on the information entered and simplified assumptions. Actual costs, rates, available credit, policy values, and results may differ. This tool does not provide a personalized recommendation, loan approval, or insurance illustration.
Do not rely on these results alone to open or replace a loan, purchase insurance, borrow against a policy, or implement a financial strategy. A Real Money Masters Money Mentor will help you review your assumptions and coordinate a team assessment of whether the approach fits your circumstances. Consult your lender, licensed insurance professional, and tax or legal advisor as appropriate.
Book with Our TeamBring your numbers to a conversation with our team.
You can calculate without providing any contact details. When you’re ready, share your results with our team by booking a call.