Mortgage Payoff With Line of Credit
Mortgage Payoff With Line of Credit
Mortgage Payoff With Line of Credit
Scenario 1: Traditional Amortization Scenario 2: Regular Extra Payments Scenario 3: Using a Line of Credit
Total Interest 208,509 Total Interest 87,160 Total Interest 0
Years to Pay Off 30 Years to Pay Off 14 3/12 Years to Pay Off 0
Interest Savings 0 Interest Savings 121,349 Interest Savings 208,509
MORTGAGE ACCOUNT LINE OF CREDIT ACCOUNT TRADITIONAL (No Extra Payments) TRADITIONAL With Extra Payments
Pmt Principal Principal Payment Interest Interest Interest LOC Prin. LOC Total Pmt Pmt
Date Payment Interest Rate Payment Draw Date Payment Interest Principal Balance Date Payment Interest Principal Balance
No. Paid Balance to Mrtg Accrued Paid Balance Paid Balance Owed No. No.
1/1/2018 10,000.00 10,000.00 170,000.00 6.000% 6,000.00 10,000.00 0.00 -4000.00 4,000.00 174,000.00 0 1/1/2018 180,000.00 0 1/1/2018 180,000.00
#N/A 1 2/1/2018 1,079.19 900.00 179.19 179,820.81 1 2/1/2018 1,579.19 900.00 679.19 179,320.81
2 3/1/2018 1,079.19 899.10 180.09 179,640.72 2 3/1/2018 1,579.19 896.60 682.59 178,638.22
3 4/1/2018 1,079.19 898.20 180.99 179,459.73 3 4/1/2018 1,579.19 893.19 686.00 177,952.22
4 5/1/2018 1,079.19 897.30 181.89 179,277.84 4 5/1/2018 1,579.19 889.76 689.43 177,262.79
5 6/1/2018 1,079.19 896.39 182.80 179,095.04 5 6/1/2018 1,579.19 886.31 692.88 176,569.92
6 7/1/2018 1,079.19 895.48 183.72 178,911.33 6 7/1/2018 1,579.19 882.85 696.34 175,873.57
7 8/1/2018 1,079.19 894.56 184.63 178,726.69 7 8/1/2018 1,579.19 879.37 699.82 175,173.75
8 9/1/2018 1,079.19 893.63 185.56 178,541.13 8 9/1/2018 1,579.19 875.87 703.32 174,470.43
9 10/1/2018 1,079.19 892.71 186.49 178,354.65 9 10/1/2018 1,579.19 872.35 706.84 173,763.59
10 11/1/2018 1,079.19 891.77 187.42 178,167.23 10 11/1/2018 1,579.19 868.82 710.37 173,053.22
11 12/1/2018 1,079.19 890.84 188.35 177,978.88 11 12/1/2018 1,579.19 865.27 713.92 172,339.29
12 1/1/2019 1,079.19 889.89 189.30 177,789.58 12 1/1/2019 1,579.19 861.70 717.49 171,621.80
13 2/1/2019 1,079.19 888.95 190.24 177,599.34 13 2/1/2019 1,579.19 858.11 721.08 170,900.72
14 3/1/2019 1,079.19 888.00 191.19 177,408.14 14 3/1/2019 1,579.19 854.50 724.69 170,176.03
15 4/1/2019 1,079.19 887.04 192.15 177,215.99 15 4/1/2019 1,579.19 850.88 728.31 169,447.72
16 5/1/2019 1,079.19 886.08 193.11 177,022.88 16 5/1/2019 1,579.19 847.24 731.95 168,715.77
17 6/1/2019 1,079.19 885.11 194.08 176,828.80 17 6/1/2019 1,579.19 843.58 735.61 167,980.15
18 7/1/2019 1,079.19 884.14 195.05 176,633.76 18 7/1/2019 1,579.19 839.90 739.29 167,240.86
19 8/1/2019 1,079.19 883.17 196.02 176,437.73 19 8/1/2019 1,579.19 836.20 742.99 166,497.88
20 9/1/2019 1,079.19 882.19 197.00 176,240.73 20 9/1/2019 1,579.19 832.49 746.70 165,751.17
21 10/1/2019 1,079.19 881.20 197.99 176,042.75 21 10/1/2019 1,579.19 828.76 750.44 165,000.74
22 11/1/2019 1,079.19 880.21 198.98 175,843.77 22 11/1/2019 1,579.19 825.00 754.19 164,246.55
23 12/1/2019 1,079.19 879.22 199.97 175,643.80 23 12/1/2019 1,579.19 821.23 757.96 163,488.59
24 1/1/2020 1,079.19 878.22 200.97 175,442.82 24 1/1/2020 1,579.19 817.44 761.75 162,726.85
25 2/1/2020 1,079.19 877.21 201.98 175,240.85 25 2/1/2020 1,579.19 813.63 765.56 161,961.29
26 3/1/2020 1,079.19 876.20 202.99 175,037.86 26 3/1/2020 1,579.19 809.81 769.38 161,191.91
27 4/1/2020 1,079.19 875.19 204.00 174,833.86 27 4/1/2020 1,579.19 805.96 773.23 160,418.67
28 5/1/2020 1,079.19 874.17 205.02 174,628.84 28 5/1/2020 1,579.19 802.09 777.10 159,641.58
29 6/1/2020 1,079.19 873.14 206.05 174,422.79 29 6/1/2020 1,579.19 798.21 780.98 158,860.59
30 7/1/2020 1,079.19 872.11 207.08 174,215.71 30 7/1/2020 1,579.19 794.30 784.89 158,075.71
31 8/1/2020 1,079.19 871.08 208.11 174,007.60 31 8/1/2020 1,579.19 790.38 788.81 157,286.89
32 9/1/2020 1,079.19 870.04 209.15 173,798.45 32 9/1/2020 1,579.19 786.43 792.76 156,494.14
33 10/1/2020 1,079.19 868.99 210.20 173,588.25 33 10/1/2020 1,579.19 782.47 796.72 155,697.42
34 11/1/2020 1,079.19 867.94 211.25 173,377.00 34 11/1/2020 1,579.19 778.49 800.70 154,896.71
35 12/1/2020 1,079.19 866.88 212.31 173,164.69 35 12/1/2020 1,579.19 774.48 804.71 154,092.00
36 1/1/2021 1,079.19 865.82 213.37 172,951.33 36 1/1/2021 1,579.19 770.46 808.73 153,283.27
37 2/1/2021 1,079.19 864.76 214.43 172,736.89 37 2/1/2021 1,579.19 766.42 812.77 152,470.50
38 3/1/2021 1,079.19 863.68 215.51 172,521.39 38 3/1/2021 1,579.19 762.35 816.84 151,653.66
39 4/1/2021 1,079.19 862.61 216.58 172,304.80 39 4/1/2021 1,579.19 758.27 820.92 150,832.74
40 5/1/2021 1,079.19 861.52 217.67 172,087.13 40 5/1/2021 1,579.19 754.16 825.03 150,007.71
41 6/1/2021 1,079.19 860.44 218.76 171,868.38 41 6/1/2021 1,579.19 750.04 829.15 149,178.56
42 7/1/2021 1,079.19 859.34 219.85 171,648.53 42 7/1/2021 1,579.19 745.89 833.30 148,345.26
43 8/1/2021 1,079.19 858.24 220.95 171,427.58 43 8/1/2021 1,579.19 741.73 837.46 147,507.80
44 9/1/2021 1,079.19 857.14 222.05 171,205.53 44 9/1/2021 1,579.19 737.54 841.65 146,666.14
45 10/1/2021 1,079.19 856.03 223.16 170,982.37 45 10/1/2021 1,579.19 733.33 845.86 145,820.28
46 11/1/2021 1,079.19 854.91 224.28 170,758.09 46 11/1/2021 1,579.19 729.10 850.09 144,970.19
47 12/1/2021 1,079.19 853.79 225.40 170,532.69 47 12/1/2021 1,579.19 724.85 854.34 144,115.85
48 1/1/2022 1,079.19 852.66 226.53 170,306.16 48 1/1/2022 1,579.19 720.58 858.61 143,257.24
49 2/1/2022 1,079.19 851.53 227.66 170,078.50 49 2/1/2022 1,579.19 716.29 862.90 142,394.34
50 3/1/2022 1,079.19 850.39 228.80 169,849.70 50 3/1/2022 1,579.19 711.97 867.22 141,527.12
51 4/1/2022 1,079.19 849.25 229.94 169,619.76 51 4/1/2022 1,579.19 707.64 871.56 140,655.56
52 5/1/2022 1,079.19 848.10 231.09 169,388.67 52 5/1/2022 1,579.19 703.28 875.91 139,779.65
53 6/1/2022 1,079.19 846.94 232.25 169,156.42 53 6/1/2022 1,579.19 698.90 880.29 138,899.36
54 7/1/2022 1,079.19 845.78 233.41 168,923.01 54 7/1/2022 1,579.19 694.50 884.69 138,014.66
55 8/1/2022 1,079.19 844.62 234.58 168,688.43 55 8/1/2022 1,579.19 690.07 889.12 137,125.55
56 9/1/2022 1,079.19 843.44 235.75 168,452.68 56 9/1/2022 1,579.19 685.63 893.56 136,231.98
57 10/1/2022 1,079.19 842.26 236.93 168,215.76 57 10/1/2022 1,579.19 681.16 898.03 135,333.95
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58 11/1/2022 1,079.19 841.08 238.11 167,977.64 58 11/1/2022 1,579.19 676.67 902.52 134,431.43
59 12/1/2022 1,079.19 839.89 239.30 167,738.34 59 12/1/2022 1,579.19 672.16 907.03 133,524.40
60 1/1/2023 1,079.19 838.69 240.50 167,497.84 60 1/1/2023 1,579.19 667.62 911.57 132,612.83
61 2/1/2023 1,079.19 837.49 241.70 167,256.14 61 2/1/2023 1,579.19 663.06 916.13 131,696.70
62 3/1/2023 1,079.19 836.28 242.91 167,013.23 62 3/1/2023 1,579.19 658.48 920.71 130,775.99
63 4/1/2023 1,079.19 835.07 244.12 166,769.11 63 4/1/2023 1,579.19 653.88 925.31 129,850.68
64 5/1/2023 1,079.19 833.85 245.35 166,523.76 64 5/1/2023 1,579.19 649.25 929.94 128,920.74
65 6/1/2023 1,079.19 832.62 246.57 166,277.19 65 6/1/2023 1,579.19 644.60 934.59 127,986.16
66 7/1/2023 1,079.19 831.39 247.81 166,029.38 66 7/1/2023 1,579.19 639.93 939.26 127,046.90
67 8/1/2023 1,079.19 830.15 249.04 165,780.34 67 8/1/2023 1,579.19 635.23 943.96 126,102.94
68 9/1/2023 1,079.19 828.90 250.29 165,530.05 68 9/1/2023 1,579.19 630.51 948.68 125,154.26
69 10/1/2023 1,079.19 827.65 251.54 165,278.51 69 10/1/2023 1,579.19 625.77 953.42 124,200.84
70 11/1/2023 1,079.19 826.39 252.80 165,025.71 70 11/1/2023 1,579.19 621.00 958.19 123,242.66
71 12/1/2023 1,079.19 825.13 254.06 164,771.65 71 12/1/2023 1,579.19 616.21 962.98 122,279.68
72 1/1/2024 1,079.19 823.86 255.33 164,516.32 72 1/1/2024 1,579.19 611.40 967.79 121,311.89
73 2/1/2024 1,079.19 822.58 256.61 164,259.71 73 2/1/2024 1,579.19 606.56 972.63 120,339.26
74 3/1/2024 1,079.19 821.30 257.89 164,001.81 74 3/1/2024 1,579.19 601.70 977.49 119,361.76
75 4/1/2024 1,079.19 820.01 259.18 163,742.63 75 4/1/2024 1,579.19 596.81 982.38 118,379.38
76 5/1/2024 1,079.19 818.71 260.48 163,482.15 76 5/1/2024 1,579.19 591.90 987.29 117,392.09
77 6/1/2024 1,079.19 817.41 261.78 163,220.37 77 6/1/2024 1,579.19 586.96 992.23 116,399.85
78 7/1/2024 1,079.19 816.10 263.09 162,957.28 78 7/1/2024 1,579.19 582.00 997.19 115,402.66
79 8/1/2024 1,079.19 814.79 264.40 162,692.88 79 8/1/2024 1,579.19 577.01 1,002.18 114,400.49
80 9/1/2024 1,079.19 813.46 265.73 162,427.15 80 9/1/2024 1,579.19 572.00 1,007.19 113,393.30
81 10/1/2024 1,079.19 812.14 267.06 162,160.10 81 10/1/2024 1,579.19 566.97 1,012.22 112,381.07
82 11/1/2024 1,079.19 810.80 268.39 161,891.71 82 11/1/2024 1,579.19 561.91 1,017.29 111,363.79
83 12/1/2024 1,079.19 809.46 269.73 161,621.98 83 12/1/2024 1,579.19 556.82 1,022.37 110,341.41
84 1/1/2025 1,079.19 808.11 271.08 161,350.89 84 1/1/2025 1,579.19 551.71 1,027.48 109,313.93
85 2/1/2025 1,079.19 806.75 272.44 161,078.46 85 2/1/2025 1,579.19 546.57 1,032.62 108,281.31
86 3/1/2025 1,079.19 805.39 273.80 160,804.66 86 3/1/2025 1,579.19 541.41 1,037.78 107,243.53
87 4/1/2025 1,079.19 804.02 275.17 160,529.49 87 4/1/2025 1,579.19 536.22 1,042.97 106,200.55
88 5/1/2025 1,079.19 802.65 276.54 160,252.95 88 5/1/2025 1,579.19 531.00 1,048.19 105,152.36
89 6/1/2025 1,079.19 801.26 277.93 159,975.02 89 6/1/2025 1,579.19 525.76 1,053.43 104,098.93
90 7/1/2025 1,079.19 799.88 279.32 159,695.71 90 7/1/2025 1,579.19 520.49 1,058.70 103,040.24
91 8/1/2025 1,079.19 798.48 280.71 159,414.99 91 8/1/2025 1,579.19 515.20 1,063.99 101,976.25
92 9/1/2025 1,079.19 797.07 282.12 159,132.88 92 9/1/2025 1,579.19 509.88 1,069.31 100,906.94
93 10/1/2025 1,079.19 795.66 283.53 158,849.35 93 10/1/2025 1,579.19 504.53 1,074.66 99,832.28
94 11/1/2025 1,079.19 794.25 284.94 158,564.41 94 11/1/2025 1,579.19 499.16 1,080.03 98,752.25
95 12/1/2025 1,079.19 792.82 286.37 158,278.04 95 12/1/2025 1,579.19 493.76 1,085.43 97,666.82
96 1/1/2026 1,079.19 791.39 287.80 157,990.24 96 1/1/2026 1,579.19 488.33 1,090.86 96,575.97
97 2/1/2026 1,079.19 789.95 289.24 157,701.00 97 2/1/2026 1,579.19 482.88 1,096.31 95,479.66
98 3/1/2026 1,079.19 788.50 290.69 157,410.31 98 3/1/2026 1,579.19 477.40 1,101.79 94,377.86
99 4/1/2026 1,079.19 787.05 292.14 157,118.17 99 4/1/2026 1,579.19 471.89 1,107.30 93,270.56
100 5/1/2026 1,079.19 785.59 293.60 156,824.57 100 5/1/2026 1,579.19 466.35 1,112.84 92,157.72
101 6/1/2026 1,079.19 784.12 295.07 156,529.50 101 6/1/2026 1,579.19 460.79 1,118.40 91,039.32
102 7/1/2026 1,079.19 782.65 296.54 156,232.96 102 7/1/2026 1,579.19 455.20 1,123.99 89,915.33
103 8/1/2026 1,079.19 781.16 298.03 155,934.93 103 8/1/2026 1,579.19 449.58 1,129.61 88,785.71
104 9/1/2026 1,079.19 779.67 299.52 155,635.42 104 9/1/2026 1,579.19 443.93 1,135.26 87,650.45
105 10/1/2026 1,079.19 778.18 301.01 155,334.40 105 10/1/2026 1,579.19 438.25 1,140.94 86,509.51
106 11/1/2026 1,079.19 776.67 302.52 155,031.89 106 11/1/2026 1,579.19 432.55 1,146.64 85,362.87
107 12/1/2026 1,079.19 775.16 304.03 154,727.85 107 12/1/2026 1,579.19 426.81 1,152.38 84,210.49
108 1/1/2027 1,079.19 773.64 305.55 154,422.30 108 1/1/2027 1,579.19 421.05 1,158.14 83,052.35
109 2/1/2027 1,079.19 772.11 307.08 154,115.22 109 2/1/2027 1,579.19 415.26 1,163.93 81,888.42
110 3/1/2027 1,079.19 770.58 308.61 153,806.61 110 3/1/2027 1,579.19 409.44 1,169.75 80,718.67
111 4/1/2027 1,079.19 769.03 310.16 153,496.45 111 4/1/2027 1,579.19 403.59 1,175.60 79,543.08
112 5/1/2027 1,079.19 767.48 311.71 153,184.74 112 5/1/2027 1,579.19 397.72 1,181.48 78,361.60
113 6/1/2027 1,079.19 765.92 313.27 152,871.47 113 6/1/2027 1,579.19 391.81 1,187.38 77,174.22
114 7/1/2027 1,079.19 764.36 314.83 152,556.64 114 7/1/2027 1,579.19 385.87 1,193.32 75,980.90
115 8/1/2027 1,079.19 762.78 316.41 152,240.23 115 8/1/2027 1,579.19 379.90 1,199.29 74,781.61
116 9/1/2027 1,079.19 761.20 317.99 151,922.24 116 9/1/2027 1,579.19 373.91 1,205.28 73,576.33
117 10/1/2027 1,079.19 759.61 319.58 151,602.66 117 10/1/2027 1,579.19 367.88 1,211.31 72,365.02
118 11/1/2027 1,079.19 758.01 321.18 151,281.49 118 11/1/2027 1,579.19 361.83 1,217.37 71,147.65
119 12/1/2027 1,079.19 756.41 322.78 150,958.70 119 12/1/2027 1,579.19 355.74 1,223.45 69,924.20
120 1/1/2028 1,079.19 754.79 324.40 150,634.30 120 1/1/2028 1,579.19 349.62 1,229.57 68,694.63
121 2/1/2028 1,079.19 753.17 326.02 150,308.29 121 2/1/2028 1,579.19 343.47 1,235.72 67,458.91
122 3/1/2028 1,079.19 751.54 327.65 149,980.64 122 3/1/2028 1,579.19 337.29 1,241.90 66,217.02
123 4/1/2028 1,079.19 749.90 329.29 149,651.35 123 4/1/2028 1,579.19 331.09 1,248.11 64,968.91
124 5/1/2028 1,079.19 748.26 330.93 149,320.41 124 5/1/2028 1,579.19 324.84 1,254.35 63,714.57
125 6/1/2028 1,079.19 746.60 332.59 148,987.83 125 6/1/2028 1,579.19 318.57 1,260.62 62,453.95
126 7/1/2028 1,079.19 744.94 334.25 148,653.57 126 7/1/2028 1,579.19 312.27 1,266.92 61,187.03
127 8/1/2028 1,079.19 743.27 335.92 148,317.65 127 8/1/2028 1,579.19 305.94 1,273.26 59,913.77
128 9/1/2028 1,079.19 741.59 337.60 147,980.05 128 9/1/2028 1,579.19 299.57 1,279.62 58,634.15
129 10/1/2028 1,079.19 739.90 339.29 147,640.76 129 10/1/2028 1,579.19 293.17 1,286.02 57,348.13
130 11/1/2028 1,079.19 738.20 340.99 147,299.77 130 11/1/2028 1,579.19 286.74 1,292.45 56,055.68
131 12/1/2028 1,079.19 736.50 342.69 146,957.08 131 12/1/2028 1,579.19 280.28 1,298.91 54,756.76
132 1/1/2029 1,079.19 734.79 344.41 146,612.67 132 1/1/2029 1,579.19 273.78 1,305.41 53,451.36
133 2/1/2029 1,079.19 733.06 346.13 146,266.54 133 2/1/2029 1,579.19 267.26 1,311.93 52,139.42
134 3/1/2029 1,079.19 731.33 347.86 145,918.69 134 3/1/2029 1,579.19 260.70 1,318.49 50,820.93
135 4/1/2029 1,079.19 729.59 349.60 145,569.09 135 4/1/2029 1,579.19 254.10 1,325.09 49,495.84
136 5/1/2029 1,079.19 727.85 351.35 145,217.74 136 5/1/2029 1,579.19 247.48 1,331.71 48,164.13
137 6/1/2029 1,079.19 726.09 353.10 144,864.64 137 6/1/2029 1,579.19 240.82 1,338.37 46,825.76
138 7/1/2029 1,079.19 724.32 354.87 144,509.77 138 7/1/2029 1,579.19 234.13 1,345.06 45,480.70
139 8/1/2029 1,079.19 722.55 356.64 144,153.13 139 8/1/2029 1,579.19 227.40 1,351.79 44,128.91
140 9/1/2029 1,079.19 720.77 358.43 143,794.71 140 9/1/2029 1,579.19 220.64 1,358.55 42,770.37
141 10/1/2029 1,079.19 718.97 360.22 143,434.49 141 10/1/2029 1,579.19 213.85 1,365.34 41,405.03
142 11/1/2029 1,079.19 717.17 362.02 143,072.47 142 11/1/2029 1,579.19 207.03 1,372.17 40,032.86
143 12/1/2029 1,079.19 715.36 363.83 142,708.64 143 12/1/2029 1,579.19 200.16 1,379.03 38,653.83
144 1/1/2030 1,079.19 713.54 365.65 142,342.99 144 1/1/2030 1,579.19 193.27 1,385.92 37,267.91
145 2/1/2030 1,079.19 711.71 367.48 141,975.52 145 2/1/2030 1,579.19 186.34 1,392.85 35,875.06
146 3/1/2030 1,079.19 709.88 369.31 141,606.20 146 3/1/2030 1,579.19 179.38 1,399.82 34,475.25
147 4/1/2030 1,079.19 708.03 371.16 141,235.04 147 4/1/2030 1,579.19 172.38 1,406.81 33,068.43
148 5/1/2030 1,079.19 706.18 373.02 140,862.03 148 5/1/2030 1,579.19 165.34 1,413.85 31,654.58
149 6/1/2030 1,079.19 704.31 374.88 140,487.15 149 6/1/2030 1,579.19 158.27 1,420.92 30,233.66
150 7/1/2030 1,079.19 702.44 376.76 140,110.39 150 7/1/2030 1,579.19 151.17 1,428.02 28,805.64
151 8/1/2030 1,079.19 700.55 378.64 139,731.75 151 8/1/2030 1,579.19 144.03 1,435.16 27,370.48
152 9/1/2030 1,079.19 698.66 380.53 139,351.22 152 9/1/2030 1,579.19 136.85 1,442.34 25,928.14
153 10/1/2030 1,079.19 696.76 382.43 138,968.79 153 10/1/2030 1,579.19 129.64 1,449.55 24,478.59
154 11/1/2030 1,079.19 694.84 384.35 138,584.44 154 11/1/2030 1,579.19 122.39 1,456.80 23,021.79
155 12/1/2030 1,079.19 692.92 386.27 138,198.17 155 12/1/2030 1,579.19 115.11 1,464.08 21,557.71
156 1/1/2031 1,079.19 690.99 388.20 137,809.97 156 1/1/2031 1,579.19 107.79 1,471.40 20,086.31
157 2/1/2031 1,079.19 689.05 390.14 137,419.83 157 2/1/2031 1,579.19 100.43 1,478.76 18,607.55
158 3/1/2031 1,079.19 687.10 392.09 137,027.74 158 3/1/2031 1,579.19 93.04 1,486.15 17,121.39
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159 4/1/2031 1,079.19 685.14 394.05 136,633.69 159 4/1/2031 1,579.19 85.61 1,493.58 15,627.81
160 5/1/2031 1,079.19 683.17 396.02 136,237.66 160 5/1/2031 1,579.19 78.14 1,501.05 14,126.76
161 6/1/2031 1,079.19 681.19 398.00 135,839.66 161 6/1/2031 1,579.19 70.63 1,508.56 12,618.20
162 7/1/2031 1,079.19 679.20 399.99 135,439.67 162 7/1/2031 1,579.19 63.09 1,516.10 11,102.10
163 8/1/2031 1,079.19 677.20 401.99 135,037.68 163 8/1/2031 1,579.19 55.51 1,523.68 9,578.42
164 9/1/2031 1,079.19 675.19 404.00 134,633.67 164 9/1/2031 1,579.19 47.89 1,531.30 8,047.12
165 10/1/2031 1,079.19 673.17 406.02 134,227.65 165 10/1/2031 1,579.19 40.24 1,538.96 6,508.17
166 11/1/2031 1,079.19 671.14 408.05 133,819.60 166 11/1/2031 1,579.19 32.54 1,546.65 4,961.52
167 12/1/2031 1,079.19 669.10 410.09 133,409.50 167 12/1/2031 1,579.19 24.81 1,554.38 3,407.13
168 1/1/2032 1,079.19 667.05 412.14 132,997.36 168 1/1/2032 1,579.19 17.04 1,562.16 1,844.98
169 2/1/2032 1,079.19 664.99 414.20 132,583.16 169 2/1/2032 1,579.19 9.22 1,569.97 275.01
170 3/1/2032 1,079.19 662.92 416.28 132,166.88 170 3/1/2032 276.39 1.38 275.01 0.00
171 4/1/2032 1,079.19 660.83 418.36 131,748.53 171 4/1/2032 0.00 0.00 0.00 0.00
172 5/1/2032 1,079.19 658.74 420.45 131,328.08
173 6/1/2032 1,079.19 656.64 422.55 130,905.53
174 7/1/2032 1,079.19 654.53 424.66 130,480.86
175 8/1/2032 1,079.19 652.40 426.79 130,054.08
176 9/1/2032 1,079.19 650.27 428.92 129,625.16
177 10/1/2032 1,079.19 648.13 431.07 129,194.09
178 11/1/2032 1,079.19 645.97 433.22 128,760.87
179 12/1/2032 1,079.19 643.80 435.39 128,325.48
180 1/1/2033 1,079.19 641.63 437.56 127,887.92
181 2/1/2033 1,079.19 639.44 439.75 127,448.17
182 3/1/2033 1,079.19 637.24 441.95 127,006.22
183 4/1/2033 1,079.19 635.03 444.16 126,562.06
184 5/1/2033 1,079.19 632.81 446.38 126,115.68
185 6/1/2033 1,079.19 630.58 448.61 125,667.07
186 7/1/2033 1,079.19 628.34 450.86 125,216.21
187 8/1/2033 1,079.19 626.08 453.11 124,763.10
188 9/1/2033 1,079.19 623.82 455.38 124,307.72
189 10/1/2033 1,079.19 621.54 457.65 123,850.07
190 11/1/2033 1,079.19 619.25 459.94 123,390.13
191 12/1/2033 1,079.19 616.95 462.24 122,927.89
192 1/1/2034 1,079.19 614.64 464.55 122,463.34
193 2/1/2034 1,079.19 612.32 466.87 121,996.47
194 3/1/2034 1,079.19 609.98 469.21 121,527.26
195 4/1/2034 1,079.19 607.64 471.55 121,055.70
196 5/1/2034 1,079.19 605.28 473.91 120,581.79
197 6/1/2034 1,079.19 602.91 476.28 120,105.51
198 7/1/2034 1,079.19 600.53 478.66 119,626.84
199 8/1/2034 1,079.19 598.13 481.06 119,145.79
200 9/1/2034 1,079.19 595.73 483.46 118,662.33
201 10/1/2034 1,079.19 593.31 485.88 118,176.45
202 11/1/2034 1,079.19 590.88 488.31 117,688.14
203 12/1/2034 1,079.19 588.44 490.75 117,197.39
204 1/1/2035 1,079.19 585.99 493.20 116,704.18
205 2/1/2035 1,079.19 583.52 495.67 116,208.51
206 3/1/2035 1,079.19 581.04 498.15 115,710.37
207 4/1/2035 1,079.19 578.55 500.64 115,209.73
208 5/1/2035 1,079.19 576.05 503.14 114,706.58
209 6/1/2035 1,079.19 573.53 505.66 114,200.93
210 7/1/2035 1,079.19 571.00 508.19 113,692.74
211 8/1/2035 1,079.19 568.46 510.73 113,182.01
212 9/1/2035 1,079.19 565.91 513.28 112,668.73
213 10/1/2035 1,079.19 563.34 515.85 112,152.88
214 11/1/2035 1,079.19 560.76 518.43 111,634.46
215 12/1/2035 1,079.19 558.17 521.02 111,113.44
216 1/1/2036 1,079.19 555.57 523.62 110,589.82
217 2/1/2036 1,079.19 552.95 526.24 110,063.57
218 3/1/2036 1,079.19 550.32 528.87 109,534.70
219 4/1/2036 1,079.19 547.67 531.52 109,003.18
220 5/1/2036 1,079.19 545.02 534.18 108,469.01
221 6/1/2036 1,079.19 542.35 536.85 107,932.16
222 7/1/2036 1,079.19 539.66 539.53 107,392.63
223 8/1/2036 1,079.19 536.96 542.23 106,850.40
224 9/1/2036 1,079.19 534.25 544.94 106,305.46
225 10/1/2036 1,079.19 531.53 547.66 105,757.80
226 11/1/2036 1,079.19 528.79 550.40 105,207.40
227 12/1/2036 1,079.19 526.04 553.15 104,654.25
228 1/1/2037 1,079.19 523.27 555.92 104,098.33
229 2/1/2037 1,079.19 520.49 558.70 103,539.63
230 3/1/2037 1,079.19 517.70 561.49 102,978.13
231 4/1/2037 1,079.19 514.89 564.30 102,413.83
232 5/1/2037 1,079.19 512.07 567.12 101,846.71
233 6/1/2037 1,079.19 509.23 569.96 101,276.75
234 7/1/2037 1,079.19 506.38 572.81 100,703.95
235 8/1/2037 1,079.19 503.52 575.67 100,128.28
236 9/1/2037 1,079.19 500.64 578.55 99,549.73
237 10/1/2037 1,079.19 497.75 581.44 98,968.28
238 11/1/2037 1,079.19 494.84 584.35 98,383.93
239 12/1/2037 1,079.19 491.92 587.27 97,796.66
240 1/1/2038 1,079.19 488.98 590.21 97,206.46
241 2/1/2038 1,079.19 486.03 593.16 96,613.30
242 3/1/2038 1,079.19 483.07 596.12 96,017.17
243 4/1/2038 1,079.19 480.09 599.11 95,418.07
244 5/1/2038 1,079.19 477.09 602.10 94,815.97
245 6/1/2038 1,079.19 474.08 605.11 94,210.86
246 7/1/2038 1,079.19 471.05 608.14 93,602.72
247 8/1/2038 1,079.19 468.01 611.18 92,991.54
248 9/1/2038 1,079.19 464.96 614.23 92,377.31
249 10/1/2038 1,079.19 461.89 617.30 91,760.00
250 11/1/2038 1,079.19 458.80 620.39 91,139.61
251 12/1/2038 1,079.19 455.70 623.49 90,516.12
252 1/1/2039 1,079.19 452.58 626.61 89,889.51
253 2/1/2039 1,079.19 449.45 629.74 89,259.77
254 3/1/2039 1,079.19 446.30 632.89 88,626.87
255 4/1/2039 1,079.19 443.13 636.06 87,990.82
256 5/1/2039 1,079.19 439.95 639.24 87,351.58
257 6/1/2039 1,079.19 436.76 642.43 86,709.15
258 7/1/2039 1,079.19 433.55 645.65 86,063.50
259 8/1/2039 1,079.19 430.32 648.87 85,414.63
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260 9/1/2039 1,079.19 427.07 652.12 84,762.51
261 10/1/2039 1,079.19 423.81 655.38 84,107.13
262 11/1/2039 1,079.19 420.54 658.66 83,448.48
263 12/1/2039 1,079.19 417.24 661.95 82,786.53
264 1/1/2040 1,079.19 413.93 665.26 82,121.27
265 2/1/2040 1,079.19 410.61 668.58 81,452.69
266 3/1/2040 1,079.19 407.26 671.93 80,780.76
267 4/1/2040 1,079.19 403.90 675.29 80,105.47
268 5/1/2040 1,079.19 400.53 678.66 79,426.81
269 6/1/2040 1,079.19 397.13 682.06 78,744.75
270 7/1/2040 1,079.19 393.72 685.47 78,059.28
271 8/1/2040 1,079.19 390.30 688.89 77,370.39
272 9/1/2040 1,079.19 386.85 692.34 76,678.05
273 10/1/2040 1,079.19 383.39 695.80 75,982.25
274 11/1/2040 1,079.19 379.91 699.28 75,282.97
275 12/1/2040 1,079.19 376.41 702.78 74,580.19
276 1/1/2041 1,079.19 372.90 706.29 73,873.90
277 2/1/2041 1,079.19 369.37 709.82 73,164.08
278 3/1/2041 1,079.19 365.82 713.37 72,450.71
279 4/1/2041 1,079.19 362.25 716.94 71,733.77
280 5/1/2041 1,079.19 358.67 720.52 71,013.25
281 6/1/2041 1,079.19 355.07 724.12 70,289.13
282 7/1/2041 1,079.19 351.45 727.75 69,561.38
283 8/1/2041 1,079.19 347.81 731.38 68,830.00
284 9/1/2041 1,079.19 344.15 735.04 68,094.96
285 10/1/2041 1,079.19 340.47 738.72 67,356.24
286 11/1/2041 1,079.19 336.78 742.41 66,613.83
287 12/1/2041 1,079.19 333.07 746.12 65,867.71
288 1/1/2042 1,079.19 329.34 749.85 65,117.86
289 2/1/2042 1,079.19 325.59 753.60 64,364.26
290 3/1/2042 1,079.19 321.82 757.37 63,606.89
291 4/1/2042 1,079.19 318.03 761.16 62,845.73
292 5/1/2042 1,079.19 314.23 764.96 62,080.77
293 6/1/2042 1,079.19 310.40 768.79 61,311.98
294 7/1/2042 1,079.19 306.56 772.63 60,539.35
295 8/1/2042 1,079.19 302.70 776.49 59,762.85
296 9/1/2042 1,079.19 298.81 780.38 58,982.48
297 10/1/2042 1,079.19 294.91 784.28 58,198.20
298 11/1/2042 1,079.19 290.99 788.20 57,410.00
299 12/1/2042 1,079.19 287.05 792.14 56,617.86
300 1/1/2043 1,079.19 283.09 796.10 55,821.76
301 2/1/2043 1,079.19 279.11 800.08 55,021.67
302 3/1/2043 1,079.19 275.11 804.08 54,217.59
303 4/1/2043 1,079.19 271.09 808.10 53,409.49
304 5/1/2043 1,079.19 267.05 812.14 52,597.35
305 6/1/2043 1,079.19 262.99 816.20 51,781.14
306 7/1/2043 1,079.19 258.91 820.29 50,960.86
307 8/1/2043 1,079.19 254.80 824.39 50,136.47
308 9/1/2043 1,079.19 250.68 828.51 49,307.96
309 10/1/2043 1,079.19 246.54 832.65 48,475.31
310 11/1/2043 1,079.19 242.38 836.81 47,638.50
311 12/1/2043 1,079.19 238.19 841.00 46,797.50
312 1/1/2044 1,079.19 233.99 845.20 45,952.29
313 2/1/2044 1,079.19 229.76 849.43 45,102.86
314 3/1/2044 1,079.19 225.51 853.68 44,249.19
315 4/1/2044 1,079.19 221.25 857.95 43,391.24
316 5/1/2044 1,079.19 216.96 862.23 42,529.01
317 6/1/2044 1,079.19 212.65 866.55 41,662.46
318 7/1/2044 1,079.19 208.31 870.88 40,791.58
319 8/1/2044 1,079.19 203.96 875.23 39,916.35
320 9/1/2044 1,079.19 199.58 879.61 39,036.74
321 10/1/2044 1,079.19 195.18 884.01 38,152.73
322 11/1/2044 1,079.19 190.76 888.43 37,264.31
323 12/1/2044 1,079.19 186.32 892.87 36,371.44
324 1/1/2045 1,079.19 181.86 897.33 35,474.10
325 2/1/2045 1,079.19 177.37 901.82 34,572.28
326 3/1/2045 1,079.19 172.86 906.33 33,665.95
327 4/1/2045 1,079.19 168.33 910.86 32,755.09
328 5/1/2045 1,079.19 163.78 915.42 31,839.68
329 6/1/2045 1,079.19 159.20 919.99 30,919.68
330 7/1/2045 1,079.19 154.60 924.59 29,995.09
331 8/1/2045 1,079.19 149.98 929.22 29,065.88
332 9/1/2045 1,079.19 145.33 933.86 28,132.01
333 10/1/2045 1,079.19 140.66 938.53 27,193.48
334 11/1/2045 1,079.19 135.97 943.22 26,250.26
335 12/1/2045 1,079.19 131.25 947.94 25,302.32
336 1/1/2046 1,079.19 126.51 952.68 24,349.64
337 2/1/2046 1,079.19 121.75 957.44 23,392.20
338 3/1/2046 1,079.19 116.96 962.23 22,429.97
339 4/1/2046 1,079.19 112.15 967.04 21,462.93
340 5/1/2046 1,079.19 107.31 971.88 20,491.05
341 6/1/2046 1,079.19 102.46 976.74 19,514.32
342 7/1/2046 1,079.19 97.57 981.62 18,532.70
343 8/1/2046 1,079.19 92.66 986.53 17,546.17
344 9/1/2046 1,079.19 87.73 991.46 16,554.71
345 10/1/2046 1,079.19 82.77 996.42 15,558.29
346 11/1/2046 1,079.19 77.79 1,001.40 14,556.89
347 12/1/2046 1,079.19 72.78 1,006.41 13,550.49
348 1/1/2047 1,079.19 67.75 1,011.44 12,539.05
349 2/1/2047 1,079.19 62.70 1,016.50 11,522.55
350 3/1/2047 1,079.19 57.61 1,021.58 10,500.97
351 4/1/2047 1,079.19 52.50 1,026.69 9,474.29
352 5/1/2047 1,079.19 47.37 1,031.82 8,442.47
353 6/1/2047 1,079.19 42.21 1,036.98 7,405.49
354 7/1/2047 1,079.19 37.03 1,042.16 6,363.32
355 8/1/2047 1,079.19 31.82 1,047.37 5,315.95
356 9/1/2047 1,079.19 26.58 1,052.61 4,263.34
357 10/1/2047 1,079.19 21.32 1,057.87 3,205.47
358 11/1/2047 1,079.19 16.03 1,063.16 2,142.30
359 12/1/2047 1,079.19 10.71 1,068.48 1,073.82
360 1/1/2048 1,079.19 5.37 1,073.82 0.00
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361 2/1/2048 1,079.19 0.00 1,079.19 -1,079.19
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HELP
Paycheck Parking
Paycheck Parking
When you select "No", the calculator simulates a person making payments to the line of credit
using the Free Cash Flow amount.
When you select "Yes", the calculator simulates a person depositing their Monthly Income into
the line of credit at the beginning of the month, paying Monthly Non-PI Expenses via a credit
ree Cash Flow
card, then using the line of credit to pay off the credit card AND the Monthly Loan Payment at
the endspreadsheet,
In this of the month.the free cash flow represents the amount of money you have left over after
paying all your expenses each month. This spreadsheet only makes sense if you have a
Other Notespositive
and Assumptions
cash flow.
This spreadsheet is provided only as an educational tool to help analyze and compare
scenarios. The spreadsheet may contain errors. To use the spreadsheet correctly, the user
must
Someunderstand
Assumptions the inputs and calculations.
• This spreadsheet does not take into account taxes or fees.
• The Mortgage is treated as a traditional monthly fixed-rate loan.
• A line of credit is variable rate, but this spreadsheet assumes a fixed rate.
• Payments are first applied to interest. Anything left over is applied to the principal.
• Interest calculations are rounded to the nearest 0.01.