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Calculate Savings
Results
Calculation Parameters
Mortgage
Principal:
Rate:
Term:
Payment:
Line of Credit
Limit:
Rate:
Balance:
Type:
Term:
Cash Flow
Income:
Expenses:
Net:
Chunk:
Three Strategy Comparison: See how all three approaches stack up side-by-side. Extra Payments and Velocity Banking both use your full net cash flow for a fair comparison.
TRADITIONAL
Min payments only
-
-
-
—
EXTRA PAYMENTS
Apply extra to principal
-
-
-
-
VELOCITY BANKING
Use LOC chunks
-
-
-
-
|
TRADITIONAL
Min payments only
|
EXTRA PAYMENTS
Apply extra to principal
|
VELOCITY BANKING
Use LOC chunks
|
|
|---|---|---|---|
| Payoff Time | - | - | - |
| Total Interest | - | - | - |
| Total Paid | - | - | - |
|
Traditional
Min payments only
|
Extra Payments
Apply extra to principal
|
Velocity Banking
Use LOC chunks
|
|
|---|---|---|---|
| Payoff Time | - | - | - |
| Total Interest | - | - | - |
| Total Paid | - | - | - |
| vs Traditional | — | - | - |
Mortgage Interest
-
LOC Interest
-
Number of Chunks
-
Chunk-by-Chunk Timeline
| # | Amount | Months | LOC Interest | Balance After |
|---|