This interactive tool shows homeowners how much faster they can pay off their mortgage—and how much interest they can save—by applying $10,000 principal “chunks” through a line of credit strategy.
It compares a traditional 30-year mortgage with an accelerated payoff plan, giving you a clear schedule of monthly payments, chunk dates, and total savings so you can take control of your financial future.
Model a standard mortgage vs. recurring $10,000 chunks funded by a LOC. Inputs stay light green for visibility.
Assumption: mortgage compounds monthly; LOC interest uses an average‑balance monthly approximation.
Legend: Use these definitions to interpret the Results Summary and track your payoff progress.
| Month # | Payment Date | Regular Payment ($) | Interest ($) | Principal ($) | Remaining Balance ($) | Chunk Date | Chunk Amount ($) | LOC Start ($) | LOC Interest ($) | LOC End ($) |
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