How To Use The Interest Savings Calculator
The interest savings calculator shows you the effect of using your HELOC as your checking account as well as the
effect of leaving any extra money in there and adding that to your next mortgage payment.
Click Here To Download The Interest Savings Calculator.
If you don't have Microsoft Excel, you can download and install Open Office which has similar spread sheet software ( Calc ) and works just
great!
Please play around with the numbers and get a good feel for how your money habits effect your long term
results. If you mess up the formulas in the spreadsheet, just download a new copy here.
Introductory Video For Using The Calculator
Existing Mortgage Video
If you have had your mortgage for several months or years, you will have to adjust for that when using the
calculator. This video shows you how to make the necessary adjustments.
Track Your Progress
After you have decided on a plan, save the new spread sheet to your hard drive. Then at the end of each
month enter in the actual amount you saved and you will be able to track your progress. This will only take a few minutes per month,
but will pay off big dividends over time and keep you motivated to spend less.
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