SayStart.com | Part 3: Mortgage Payoff

— Slide 3: Your BLOC Has Become a Great Tool —

Making Multiple Payments to Payoff Your Mortgage

Now Let's Take This a Step Further

If you were to use your BLOC to make consecutive lump-sum payments of $5,000 every 4th month until your mortgage was paid off, you would see the approximate results as follows:

Please Note: these numbers are assumptions based on discretionary income remaining fixed. A true life example may show more or less discretionary income. The numbers may be different depending on your individual circumstance.

Mortgage Loan	Rate	Term
$300,000	6.00%	360 Months

Monthly Payment (no lump-sum payments):		$1,798.65
Total Interest to be Paid after 360 months:		$347,514
Mortgage Paid Off:		30 years

Interest Paid after making lump-sum payments:		$164,445
Interest Savings (approximately):		$183,069
Mortgage Paid Off:		14.1 years

Download this spreadsheet to run your own numbers.

— FREE Download (MS Excel Worksheet)

If you have MS Excel - or other type program - use this amortization schedule to analyze your own payment and payoff numbers.

Need More Information

We have a complete demonstration on how you can payoff your mortgage loan FAST using your HELOC.

The demonstration Includes a review of an online system that can help manage and project your payoff amounts

click here for the presentation
(it will open a new window within our network)

Download this spreadsheet to run your own numbers.

— FREE Download (MS Excel Worksheet)

If you have MS Excel - or other type program - use this amortization schedule to analyze your own payment and payoff numbers.

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[view] SL1: Illustration
[view] SL2: Paying It Down Fast
[view] SL3: Multiple Payments
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