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## Increased HELOC Interest Cost CalculatorHave fun! |

Mo | Start Balance | Interest | Paid | Withdrawn | New Balance |
---|---|---|---|---|---|

1 | $ 5000.00 | $ 33.33 | $ 33.33 | $ 150.00 | $ 5150.00 |

2 | $ 5150.00 | $ 34.33 | $ 33.33 | $ 150.00 | $ 5301.01 |

3 | $ 5301.01 | $ 35.34 | $ 33.33 | $ 150.00 | $ 5453.02 |

4 | $ 5453.02 | $ 36.35 | $ 33.33 | $ 150.00 | $ 5606.04 |

5 | $ 5606.04 | $ 37.37 | $ 33.33 | $ 150.00 | $ 5760.08 |

6 | $ 5760.08 | $ 38.40 | $ 33.33 | $ 150.00 | $ 5915.15 |

7 | $ 5915.15 | $ 39.43 | $ 33.33 | $ 150.00 | $ 6071.26 |

8 | $ 6071.26 | $ 40.48 | $ 33.33 | $ 150.00 | $ 6228.40 |

9 | $ 6228.40 | $ 41.52 | $ 33.33 | $ 150.00 | $ 6386.60 |

10 | $ 6386.60 | $ 42.58 | $ 33.33 | $ 150.00 | $ 6545.84 |

11 | $ 6545.84 | $ 43.64 | $ 33.33 | $ 150.00 | $ 6706.15 |

12 | $ 6706.15 | $ 44.71 | $ 33.33 | $ 150.00 | $ 6867.53 |

13 | $ 6867.53 | $ 45.78 | $ 33.33 | $ 150.00 | $ 7029.98 |

14 | $ 7029.98 | $ 46.87 | $ 33.33 | $ 150.00 | $ 7193.52 |

15 | $ 7193.52 | $ 47.96 | $ 33.33 | $ 150.00 | $ 7358.15 |

16 | $ 7358.15 | $ 49.05 | $ 33.33 | $ 150.00 | $ 7523.87 |

17 | $ 7523.87 | $ 50.16 | $ 33.33 | $ 150.00 | $ 7690.70 |

18 | $ 7690.70 | $ 51.27 | $ 33.33 | $ 150.00 | $ 7858.64 |

19 | $ 7858.64 | $ 52.39 | $ 33.33 | $ 150.00 | $ 8027.70 |

20 | $ 8027.70 | $ 53.52 | $ 33.33 | $ 150.00 | $ 8197.89 |

21 | $ 8197.89 | $ 54.65 | $ 33.33 | $ 150.00 | $ 8369.21 |

22 | $ 8369.21 | $ 55.79 | $ 33.33 | $ 150.00 | $ 8541.68 |

23 | $ 8541.68 | $ 56.94 | $ 33.33 | $ 150.00 | $ 8715.29 |

24 | $ 8715.29 | $ 58.10 | $ 33.33 | $ 150.00 | $ 8890.06 |

And have 'saved' $ 327.00 in taxes by paying $ 1089.98 in total interest*

Which means $ 762.99 in non-deducted interest payments* (Average: $ 31.79/month)

* = Assumes you itemize and that you already have enough other itemized deductions

to push these interest payments over your standard deduction for your filing status.

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