YOUR PERSONAL HOME REPORT

Alex, let’s look at your home.

Prepared for Alex & Jordan · Sample household

Sample reportSep 16, 2026

YOUR HOME’S ESTIMATED VALUE

$875,000

Sample home · Edmonds, Washington

+16.7% compared with value at closing

Value source: Fictional valuation for demonstration
Valuation date: Sep 1, 2026

Placeholder home photo; not your property — Placeholder photo · not this property

Estimated equity$314,838Before selling costs and other liens

Estimated loan balance$560,162Scheduled estimate · Sep 16, 2026

Monthly principal & interest$3,7926.5% original note rate · excludes escrow

Valuation recorded 15 days before this report. Your property value and loan balance may have different source dates. Estimates are for planning, not an appraisal, payoff quote or available cash.

START WITH WHAT MATTERS TO YOU

What would you like your home to help you do?

Your recorded home value is $875,000, with about $314,838 in equity before other liens and costs. You don’t have to borrow to benefit from that progress.

Compare cash for your plans while keeping or replacing your existing mortgage.

Compare my equity options

Your 6.5% original note rate is the starting point. Enrique can help you compare the tradeoffs—or decide to keep things as they are.

What could your equity make possible?

Start with what you want to accomplish. Then see how much you might access, how the payment changes, and what to review together.

1. Tell us what you want to accomplish

My priority

Plan the improvements you want while keeping a comfortable monthly payment.

Start with the amount you need. We’ll compare two ways to access it, then review the payment and tradeoffs together. Keeping your current loan without new borrowing is also an option.

EQUITY BEFORE OTHER PROPERTY LOANS$314,838

Recorded home value minus your first mortgage, before any other loans secured by your home. Debts you choose to repay are included in the borrowing options below.

Your existing first mortgage6.5% note rate$3,792 monthly principal & interest

2. Choose the amount for your plans

Cash for your plans ($)Debts you’d like to pay off ($)

Enter the cash you want for your plans on the left. On the right, add balances you want to pay off, such as credit cards, car loans, personal loans or an existing home equity loan. Leave out your first mortgage—we already include it where needed. Enter each amount only once, and enter 0 if you have no debts to pay off.

3. Compare what changes—and what stays the same

OPTION 01 · REPLACE YOUR FIRST MORTGAGE

Bring your plans together.
One mortgage payment.

A cash-out refinance can provide a lump sum for your plans with one new mortgage payment. In this example, you keep at least 20% of your home’s value as equity. It replaces your entire current mortgage, so compare the new rate and total cost carefully.

Estimated cash available at 80%$132,83880% of value − first mortgage − selected debts − costs

Adjust refinance rate, term & costs

Cash-out note rate assumption (%)Cash-out loan termCash-out closing costs ($)

New mortgage, including costs: $642,162
Modeled loan-to-value: 73.39%

New monthly principal & interest$4,059Replaces your existing first-mortgage payment; excludes escrow.

Consider when the rate and total cost of replacing your first mortgage make sense. Restarting the term can increase lifetime interest.

OPTION 02 · KEEP YOUR FIRST MORTGAGE

Preserve your first mortgage.
Borrow what you need.

A home equity line of credit (HELOC) lets you keep your first mortgage and access a separate credit line. This example allows your first mortgage plus the full line to reach 89.99% of the home’s value, subject to qualification. Interest is based on what you draw; the rate and payment can change.

Estimated credit line at 89.99%$227,25189.99% of value − first mortgage; before lender line limits

Adjust credit line, rate & costs

HELOC line to explore ($)HELOC variable rate assumption (%)HELOC costs paid from draw ($)Draw / repayment periods

Initial draw, including payoffs & costs: $77,000
Combined LTV using the full line: 81.16%
Undrawn line after closing: $73,000

Initial HELOC interest-only payment$545In addition to your first mortgage. Interest-only payments do not reduce principal.

Consider when preserving your first mortgage matters. The HELOC rate and payment can rise, and principal must be repaid after the draw period.

Your requested cash goal$75,000Each path must fit its borrowing ceiling

First mortgage + initial HELOC payment$4,338Principal & interest + interest only; excludes escrow

HELOC payment if its rate rises 2 points$674Same initial drawn balance; first mortgage additional

After the draw period & how these estimates work

At the same entered rate, repaying the initial HELOC draw over 25 years would be approximately $620 per month, plus your first mortgage. This assumes no additional draws, principal payments or rate changes during the draw period. Actual repayment depends on the outstanding balance and rate at that time.

The cash-out loan includes your first-mortgage payoff, selected debt payoffs, cash goal and refinance costs. The HELOC draw includes selected debt payoffs, your cash goal and HELOC costs; the first mortgage stays in place. These are equity and payment illustrations, not quotes, APR calculations or approvals. Note rates are not APRs. Costs are assumptions and may not include every fee.

The 80% and 89.99% ceilings are planning scenarios for a primary residence. Credit, income, debt-to-income, appraisal, lien position, minimum draw and maximum line rules may reduce or prevent borrowing. Full line commitments count for combined loan-to-value, even if undrawn. Enrique must review the lender’s current program. This calculator uses loan-officer-entered quotes when available, or your own assumptions. It does not retrieve live pricing.

Demo rates and costs are fictional, editable assumptions. They are not Symmetry pricing or an offer to lend.

4. Review your numbers with Enrique

We’ll confirm your home value and balances, verify pricing for your situation, and compare the new payment with your budget. You can explore these options without committing to a loan.

Compare these paths with Enrique

See how your mortgage has progressed

Your loan, in perspective

The original transaction is the foundation. Scheduled progress is an estimate, not your payment history.

6.6%principal repaid

Scheduled principal paid$39,838Reduction in original loan principal

Scheduled interest paid$195,291Interest across elapsed payments

Original loan amount$600,0006.5% note rate · 30 years

62 of 360 scheduled payments elapsed since Aug 1, 2021. Scheduled principal & interest paid: $235,129.

Original transaction & calculation assumptions

Closing date: Jun 15, 2021
Original loan amount: $600,000
Loan type: Fixed rate
Original term: 30 years

Fixed-rate projections assume monthly payments, an unchanged note rate and no fees, extra payments, missed payments or modifications. A statement balance overrides the scheduled balance when entered; it is not a payoff quote. Forward scenarios start from the displayed balance and its source date. Adjustable-rate and interest-only loans need individual review.

Explore paying off your mortgage sooner

What could a little extra do?

Explore how an additional monthly principal payment could change your remaining loan.

Extra principal each month ($)

Applied to principal every month starting with the next modeled payment. Confirm application instructions and any prepayment charges with your servicer.

Potential interest avoided$105,478

Time saved3 years 11 months

Modeled monthly P&I + extra$4,092

Remaining repayment time20 years 11 months

A clearer path to paid offProjected loan balance

Original paymentWith extra principal

Explore a new rate or payment

A refinance should earn its place

Compare monthly payments and remaining interest with an explicit rate and cost scenario.

New note rate for this scenario (%)New loan termRefinance fees and costs ($)

Add costs to the new loan

Your saved quote fills this scenario when available. You can change the rate to explore another outcome. Note rate is not APR. Compare taxes, insurance, mortgage insurance and any prepayment charges separately.

Keep this loan$3,792/ month P&I

24 years 10 months remaining

Your refinance scenario$3,269/ month P&I

30 years from refinance

Monthly P&I reduction$523

Simple cash-fee recovery14 monthsCash costs ÷ P&I reduction; not a full economic break-even.

Remaining interest + fees increase$53,685Compared over each loan’s full remaining life

Compare 15, 20 and 30 years

Each term uses its own reviewed quote when available. Select a term to explore it. Sample rates appear only in the demo.

15-YEAR FIXED$4,652monthly principal & interest

$285,843 less remaining interest + fees than keeping this loan

20-YEAR FIXED$3,933monthly principal & interest

$179,265 less remaining interest + fees than keeping this loan

30-YEAR FIXED$3,269monthly principal & interest

$53,685 more remaining interest + fees than keeping this loan

A longer term may lower your payment while increasing total cost. This illustration excludes changes to escrow, mortgage insurance, tax effects, closing-date interest and the value of money over time.

Explore a budget for your next home

Make room for your next chapter

Build a purchase budget around income, monthly obligations and the cash you choose to put down.

What are you planning?My next primary homeAn investment property

Gross annual household income ($)Other monthly debt payments ($)Monthly taxes, insurance, HOA & MI ($)Down payment after closing reserves ($)Purchase note rate for this scenario (%)Assumed total debt-to-income (%)Loan term

Illustrative home price$783,808

Modeled loan amount: $633,808
Monthly principal & interest budget: $3,800
Total modeled monthly housing: $4,800

A planning scenario, not a preapproval or a maximum purchase price.

36% is an editable budget example, not an underwriting rule. Include payments for any home you will keep in other debts. Enter actual estimated housing costs, including mortgage insurance when applicable; these are not calculated automatically. Equity is not automatically treated as cash for a down payment. Credit, assets, loan limits, property type and lender review can change the outcome.

Let’s talk about your next step

Bring your use my equity questions to Enrique. We’ll confirm the numbers and compare what fits your plans.

YOUR MORTGAGE LOAN ORIGINATOR

Enrique Pelayo Jr, AMP

Mortgage Lending Group
NMLS #131435 · WA, ID, IN

(206) 861-5626
epelayo@mortgagelending.us

EXAMPLE ASSOCIATED PROFESSIONAL

Taylor Morgan

Realtor
Example Real Estate · fictional

Your real professional appears here once assigned.

Talk through my options with Enrique →