Type | Monthly Payment | Total Payment | Total Interest | Remaining Principal |
---|---|---|---|---|
Heloc | ||||
Interest Period | ||||
Repayment Period | ||||
Total | ||||
Fixed Rate 2nd | ||||
Interest Period* | ||||
Repayment Period* | ||||
Total | ||||
Savings with Second Mortgage | Principal Repayment Comparison | |||
Interest Period | ||||
Repayment Period | ||||
Total |
* There is no interest or repayment period for the fixed rate second mortgage. The values are shown for comparison to the equivalent time periods in the HELoc