It's not just about the rate. It's about the strategy. Model a First Lien HELOC against a traditional mortgage with Neil Shelton, NMLS 1668076.
Neil Shelton, Mortgage Loan Originator
Shelton Mortgage Team powered by Edge Home Finance, LLC
Phone: (863) 207-5491
Email: [email protected]
NMLS# 1668076
Company NMLS# 891464
Licensed in: AL, CO, FL, IL, WI
Shelton Mortgage Team powered by Edge Home Finance, LLC | Neil Shelton, NMLS 1668076 Company NMLS 891464 | Not affiliated with or endorsed by any government agency. All loans subject to credit, underwriting approval, and lender requirements. Terms, conditions, and programs may change without notice. This is not a commitment to lend or extend credit. Equal Housing Opportunity.
It's not just about the rate. It's about the strategy. Model a First Lien HELOC against a traditional mortgage with Neil Shelton, NMLS 1668076.
$ $ $ $ $ Prepared $ · Educational estimate only — not a loan offer or commitment to lend.
Starting balance
Term $ years · HELOC starting rate $ %
Comparison loan
$ %
Scheduled P&I $ /mo$
Selected scenario
Note: These scenarios are for educational purposes only and are not predictions or guarantees of future interest rates. They're simply different ways to model how changing rates could impact your mortgage strategy.
Interest difference: $
With First Lien HELOC
Principal & interest paydown
Payoff $
Total Principal $
Interest $
Payments Made $
Total Expense
Paid off earlier
vs. the comparison loan
Interest savings
over the life of the loan
Equity at 24 months
principal paid down
The fixed 30-year rate on the same starting balance ($ ) that would produce about the same total interest as the modeled first-lien HELOC ($ ).
Equivalent 30-year rate
fixed amortizing · 30 years
Modeled HELOC interest
total interest paid on HELOC path
Matching 30-year P&I
monthly payment at that rate · interest $
Note: This equivalent rate is for modeling only. It is not the first lien HELOC rate, not an APR, not an advertised loan rate, and not a guaranteed personal result.
Interest Only (1st Payment) $
Average Principal Reduced Monthly $
Average Principal Reduced Annually $
Interest as a % of Principal $ %
Monthly Payment $
Fixed payoff
HELOC projected payoff
Months saved vs fixed: $
Balance reduction over time
Month-by-month daily-accrual projection with deposits and spending applied to the line.
Standard amortizing schedule for the fixed comparison loan.
Figures are educational estimates based on the inputs entered in the comparison tool. Actual rates, payments, and payoff timing depend on underwriting, product guidelines, and borrower cash flow.
Beyond The Fixed
Hi $ , here is the comparison report for the scenario you entered ($ ).
Figures are educational estimates based on the inputs entered in the comparison tool. Not a loan offer or commitment to lend.
Beyond The Fixed™ ·
Your mortgage structure can impact how much interest you pay, how quickly you build equity, and how your cash flow works over time.
Explore a different approach to mortgage financing and see what the numbers look like using your own situation.
NMLS
Cash flow → mortgage
Watch surplus cash reduce the balance
Checking
$8,420
Mortgage balance
$318k
Deposits move from checking into the mortgage balance — lowering principal and the interest calculated next.
The bigger picture
But the interest rate is only one part of the equation.
The right mortgage isn't necessarily the one with the lowest rate. It's the one that fits the borrower's goals, cash flow, and financial situation.
A different structure