Mortgage Payoff Calculator
Velocity banking is usually sold with one comparison: the HELOC strategy against a mortgage where you pay only the minimum. That comparison is rigged, because it credits the strategy for money you were going to put toward the loan anyway.
This calculator runs three scenarios on the same figures. The first is your mortgage on its existing schedule. The second is velocity banking — drawing a chunk from a HELOC, applying it to principal, then paying the HELOC down with your monthly surplus. The third is the one most sites omit: taking that same surplus and applying it straight to principal, no HELOC involved.
The third scenario is the honest benchmark. If velocity banking cannot beat it, the HELOC is adding interest and complexity for nothing. Sometimes it wins. Often it does not. Either way you will see both numbers.
Results are illustrative models. HELOCs carry variable rates that can reset monthly, and this model holds the rate fixed — so real-world outcomes will differ, usually in the less favourable direction. Fees, closing costs and draw-period expiry are not modelled.
Same paycheck. Fewer years of mortgage payments.
Enter your mortgage and cash flow details to see how velocity banking compares to your current payoff path.
Mortgage details
Tip: monthly payment is auto-calculated from balance, rate and term when you click Calculate.
Monthly cash flow
HELOC details