Summary & Payment Information: Next 0 Years

1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank
Loan(s): / / /
Property Value / Total Loan Amount:$375,000 / $0$470,000 / $300,000$470,000 / $300,000$470,000 / $300,000
Remaining Term:360 / 360360 / 360360 / 360
Interest Rate:0.000% / 5.000%0.000% / 5.000%0.000% / 5.000%
APR:0.000% / 5.000%0.000% / 5.000%0.000% / 5.000%
Minimum Monthly Payment:$1,750$1,639$1,639$1,639


Assumed Payments*:$1,750$1,639$1,639$1,639
Interest Payments After 0 Years:$0$0$0$0
Principal Payments After 0 Years:$0$0$0$0
Total Payments After 0 Years:$0$0$0$0
Mortgage Balance After 0 Years:$0$300,000$300,000$300,000
Interest as % of Total Payments 0%0%0%0%

* payments may include lump sum or variable payments not reflected in the Assumed Payment, please check with your advisor for detailed payment assumptions

Key Numbers

Cash At Closing: ($178,625)($178,625)($178,625)
Monthly Payment Change: $589$589$589
Break Even in Months: 434040
Wealth Impact Over 0 Years:$0($103,625)($103,625)($103,625)
Debt Free in Months: 111


This Flyer and Rates were created on November 30, 2021.
Liability Management Analysis
John and Jane Doe - 11/30/2021 | Page 1

Payment & Wealth Comparison

Monthly Payment Impact – Does This Make Sense Monthly?

1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank
After Tax Rate Comparison
Total Borrowing:$0$300,000$300,000$300,000
After Tax Rate:0.000%3.500%3.500%3.500%
Rate Difference: 3.500%3.500%3.500%
Payment Comparison
Interest Payment:$0$1,250$1,250$1,250
+Principal Payment:$0$0$0$0
+Taxes:$0$344$344$344
+Insurance:$0$45$45$45
+HOA/Rent/Other:$1,750$0$0$0
=Net Payment:$1,750$1,639$1,639$1,639
-Tax Savings:$0$478$478$478
=After-Tax Net Payment:$1,750$1,161$1,161$1,161
Payment Difference: $589$589$589
 

Minimum Payments Over Time

Wealth Impact After 0 Years – Does This Make Sense Over Time?

Property Appreciation Rate: 3 % / After-Tax Savings Rate: 4 %

1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank1st Lien - $376K HELOC - Key Bank
Minimum Payments:$1,750$1,639$1,639$1,639
Additional Payments:+ $307 Monthly
+ $106 Monthly
+ $56275 One Time
+ $44 Monthly
+ $64155 One Time
 
Annual Comparison
Payments:$0$0$0$0
 
House Value:$0$375,000$375,000$375,000
-Mortgage Liabilities:$0$300,000$300,000$300,000
=Equity:$0$75,000$75,000$75,000
 
Cash Needed To Close $178,625$178,625$178,625
 
Equity - Payments - Cash To Close + Tax Savings =$0($103,625)($103,625)($103,625)
Wealth Impact:$0($103,625)($103,625)($103,625)
Months to Debt Free:111
 

Wealth Impact Over Time

Liability Management Analysis
John and Jane Doe - 11/30/2021 | Page 2