Your loan
$
$
The simulator treats this as the starting HELOC principal if you proceed.
%
Only used when comparing to an existing mortgage.
$
Step 1 of 4
Income deposits
Model your real paycheck cadence. Biweekly checks hit 3-paycheck-months (month 6 and 12 each year) correctly. Add as many streams as you need.
Recurring
One-time
Expenses
Lumpy bills affect when the HELOC balance is available to sweep against. Annual insurance, semi-annual taxes, and one-time big expenses all hit in the month they actually land.
$
Housing, food, utilities, subscriptions — anything monthly.
$
If your HELOC doesn't escrow, include T&I here for apples-to-apples.
$
$
Lands in months 3, 6, 9, 12, …
$
Lands in months 6, 12, 18, …
$
Lands in month 12, 24, 36, …
One-time expenses
Rates & Assumptions
The defaults below match OpenKey's actual first-lien HELOC product. Edit if you have a more recent SOFR print or want to stress-test a different rate path.
%
%
OpenKey's contractual spread over SOFR.
%
= SOFR + Margin. Auto.
%
%
Your assumption — not an OpenKey forecast.
Floor protection
Lifetime cap protection
HELOC payoff
—
months to zero balance
Interest saved vs traditional
—
over the life of the loan
Time saved
—
faster than the comparison loan
HELOC Paydown Summary Sweep applied: —
Avg minimum monthly payment—
Avg principal reduced / month—
Avg principal reduced / year—
Interest as % of principal—
Comparison loan effective APR—
Breakeven at ideal sweep ?—
Breakeven at your inputs ?—
Traditional Paydown Summary
Minimum monthly payment—
Avg principal reduced / month—
Avg principal reduced / year—
Interest as % of principal—
Average APR—
Total months to payoff—
Total interest paid—
See if you qualify — talk to an OpenKey advisor
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