Enter scenario criteria below to view quick changes. Press Tab to move from field to field.

1. Choose the loan structure

Home Equity keeps today’s first and adds a closed-end second. New first lien refinances that first and rolls selected debts into one cash-out loan.

2. First mortgage they are keeping

Used for blended rate and the “apply savings to the first” payoff story. Do not enter the first here if you intend to refinance it away.

Optional. Drives illustrative CLTV vs. ~85% CES guideline.
$0.00

3. Debts to consider consolidating

Yellow fields are inputs. Uncheck a row to leave that debt in place. Pay as “From months” uses interest-only when Months left is blank, and P&I when months are entered. Override with I/O / min, P&I, or Custom $.

Use Creditor Balance Rate % Months left Pay as Monthly
Selected debts $0 — $0

4. Home Equity loan (new second)

Closed-end second. Product terms are typically 10 / 15 / 20 / 30 years, $50,000–$500,000. Confirm in POWER+.

This is the note rate — blended rate is calculated on the right.
HE P&I payment $0.00

5. Apply savings to the first

The spreadsheet pitch: if monthly savings are reapplied to the first lien, how much faster does that mortgage pay off?

When the box above is checked, this defaults to full monthly savings. Edit to model a smaller extra payment.
Savings — Blended — 1st faster by —

Scenario snapshot

Monthly savings
—
Cash flow
Blended rate
—
1st + HE
1st paid off
—
If extras applied
Home Equity note rate—
First-mortgage rate (kept)—
Weighted rate of debts being paid off—
Blended 1st + 2nd rate—

Blended rate = (1st balance × 1st rate + HE amount × HE rate) ÷ combined mortgage balances. Borrowers hear 10%+ on the second; this shows the rate on the whole mortgage stack.

Selected debt payments today$0.00
New HE payment$0.00
Monthly savings on those debts$0.00
Housing + debts today (1st + selected)$0.00
Housing after (1st + HE)$0.00

Same loan amount and rate; only term changes. Shorter terms cost more monthly but less interest.

Term HE P&I Mo. savings HE interest
Scheduled remaining term—
Extra applied to first$0.00
New remaining term—
Paid off sooner by—
Interest saved on the first from extras—

They still repay the Home Equity loan on its own schedule. This only shortens the first.

If selected revolving debts stay on minimums—
Remaining interest on installment debts—
Interest on the new HE loan—
Illustrative interest difference—

Revolving interest assumes minimum / interest-only continues for the full HE term and never pays principal — a conservative “do nothing” case, not a promise they would carry cards that long.

Per-debt rate check

Talking points for the call

Disclaimer: Illustrative only for mortgage professionals. Accuracy is not guaranteed. Not a commitment to lend. Eligibility, LTV/CLTV, FICO, occupancy, state availability, cash-out vs. Home Equity product rules, and pricing must be confirmed in POWER+ against the current product profile.