TruFolio — Mortgage

Step 4 of 5

Mortgage & Home Equity

If you own your home, your mortgage is the foundation of your net worth picture. We'll calculate your equity, remaining payoff timeline, and flag acceleration opportunities for your advisor.

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Income

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Expenses

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Debts

Mortgage

Summary

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Mortgage Details

Do you have a mortgage?

Property details

Property type

Estimated property value Optional

Why a budgeting tool asks this

Your home's current value minus your remaining mortgage balance is your home equity — one of the most significant assets on your personal balance sheet. We use it to calculate your net worth and flag equity-based opportunities like refinancing or a HELOC for debt consolidation.

What to enter

Use your best estimate — a recent Zillow or Redfin estimate is fine. It doesn't need to be exact. Your advisor can get a formal appraisal when needed. If you're not sure, leave it blank and we'll skip the equity calculation.

Loan details

Current balance

What to enter

Your current outstanding principal balance — what you still owe on the loan today. Find it on your most recent mortgage statement or by logging into your lender's portal. This is not the original loan amount.

Please enter the current balance.

Interest rate

What to enter

Your current interest rate — find it on your loan documents or mortgage statement. If you have an ARM (adjustable rate), enter your current rate. Your advisor may flag a refinance conversation if current rates are significantly lower.

Please enter the interest rate.

Loan term

Original term length

Select the original term of your loan — not how many years you have left. A 30-year mortgage you took out 5 years ago is still a 30-year mortgage. We use this along with your origination date to calculate your amortization schedule and payoff timeline.

Origination date

What is this?

The month and year your loan started — when you closed on your home or refinanced. Find it on your closing documents or the first mortgage statement. We use this to calculate how far into your amortization schedule you are and how many payments remain.

Loan type

Payment frequency

Why frequency matters

Bi-weekly payments result in 26 half-payments per year — equivalent to 13 full monthly payments instead of 12. That one extra payment per year goes entirely to principal. On a $350,000 mortgage at 6.75%, this alone saves approximately $47,000 in interest and pays off the loan 4–5 years early.

Semi-monthly vs bi-weekly

Semi-monthly (1st and 15th) = 24 payments — mathematically identical to monthly, just split in half. No acceleration benefit. Bi-weekly (every two weeks) = 26 payments — this is the one that accelerates payoff. The difference sounds small but compounds significantly over a 30-year loan.

Accelerated bi-weekly

Some lenders offer accelerated bi-weekly — they take your monthly payment, divide by two, and charge that every two weeks (rather than dividing the annual total by 26). The payment is slightly higher but the payoff acceleration is even greater. Select this if your lender uses this structure.

⚡ Acceleration benefit

Calculating your acceleration savings...

Payment amount

P&I only — not total payment

Principal and Interest only — not your total payment including escrow. Taxes and insurance belong in your Expenses section. Enter your per-payment P&I, or leave blank and we'll calculate it. For bi-weekly, enter the per-payment amount (half your monthly P&I).

Why the distinction matters

Mixing in taxes and insurance would double-count your housing costs — they're already in Expenses. P&I is pure debt repayment and belongs here.

Per month

Extra principal payment Optional

What is this?

Any amount you pay above your required P&I each payment period — applied directly to principal. Even $100 extra per month has a dramatic compounding effect. Enter what you currently pay, if anything.

How it affects the schedule

Extra principal reduces your balance faster, which reduces the interest accruing each period, which means more of every future payment goes to principal. The effect accelerates over time. Your amortization table below shows your exact payoff trajectory with your current extra payment included.

Advisor conversation

Once high-rate consumer debt is eliminated, redirecting those minimum payments to extra mortgage principal is one of the highest-return moves available. Your advisor can model this at the Summary step.

Per payment · goes to principal

Live mortgage analysis

Payment (P&I)

Payoff date

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Total interest remaining

Payments remaining

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Loan progress — principal paid vs remaining

$0 paid $0 remaining

💡 Advisor conversation flag

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Business & Investment Properties

Optional

Do you own any business or investment properties?

Business and investment property mortgages are excluded from your personal DTI and net worth calculations. They appear separately in your advisor's portal and open conversations about commercial financing, LLC structure, rental income optimization, and portfolio strategy.

Property type

Property details

Property address / name Optional

Estimated property value Optional

Why this matters

Business and investment property equity is a significant asset that doesn't appear on your personal balance sheet. Your advisor needs this to give you a complete picture of your total net worth and to identify equity-based financing opportunities.

Mortgage balance

Interest rate

Monthly P&I payment

Monthly rental / operating income Optional

What to enter

The gross monthly income this property generates — rent received, lease payments, or operating revenue. Your advisor uses income vs mortgage payment to assess cash flow position and cap rate.

Advisor signal

Income exceeding the mortgage signals a cash-flowing asset — a wealth conversation. Income below the mortgage signals negative cash flow — a restructuring conversation. Both are valuable.

Property held in

Why this matters

Investment properties held personally rather than in an LLC expose you to personal liability. Your advisor will flag this for a legal structure conversation — and holding in an LLC often has tax advantages too.

Fill in the fields above, then save. You can add multiple properties.

How this works

Fill in the property details above and click Add Property. It saves to the list below and resets the form so you can add another. Each property is tracked separately — excluded from your personal financial picture but visible to your advisor.

Why your advisor needs this

Business and investment properties are significant assets and liabilities that don't belong in your personal debt-to-income calculation — but they tell your advisor a great deal about your financial complexity. Commercial equity, rental cash flow, and how properties are held (LLC vs personal) each open separate product and planning conversations.

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HELOC / Home Equity Loan

Optional

Do you have a HELOC or home equity loan?

A HELOC reduces your available home equity and affects your combined LTV — both visible to your advisor. The draw period end date is tracked separately to flag payment shock risk.

Product type

Balance & limit

Current balance drawn

What to enter

The amount currently owed on your HELOC — not the credit limit. If your limit is $100,000 and you've drawn $60,000, enter $60,000. This is the balance accruing interest and affecting your combined LTV.

Please enter the current balance.

Credit limit Optional

Why we ask

Your available credit (limit minus balance) tells your advisor whether your HELOC can be used for debt consolidation. Using low-rate HELOC credit to pay off 24%+ credit cards is a meaningful interest saving — but converts unsecured debt to secured, which your advisor will factor in.

Interest rate

Current rate

Variable vs fixed

Most HELOCs are variable rate — tied to the Prime Rate plus a margin (e.g. Prime + 0.5%). Your statement shows the current rate. Because HELOCs are variable, your payment changes when the Fed moves rates. A rate cut reduces your payment; a rate hike increases it.

Home equity loans

Home equity loans (lump sum) are typically fixed rate — your payment never changes. Enter your fixed rate here.

Rate type

Draw period

Two phases of a HELOC

During the draw period (typically 10 years), you can borrow and repay freely — and most lenders only require interest-only payments. When the draw period ends, the HELOC enters the repayment period (10–20 years) and becomes fully amortizing. Your minimum payment can increase significantly at that transition.

Payment shock example

An $80,000 HELOC at 8.5% in draw phase = $567/month interest-only. The same balance entering repayment over 20 years = $694/month — a 22% jump. If rates are higher at repayment or the balance is larger, the jump can be much more severe.

Current phase

Draw period ends Optional

Why this date matters

The draw period end date is when your HELOC converts from interest-only to fully amortizing — potentially doubling your minimum payment. Your advisor is automatically flagged when this date is within 24 months so they can proactively reach out with options: pay down the balance, refinance into a fixed loan, or roll it into a first mortgage cash-out refi.

Monthly payment

Current monthly payment

Interest-only vs P&I

During the draw period most HELOC payments are interest-only — none of your payment reduces the principal. This keeps payments low but means the balance doesn't shrink unless you make extra principal payments. We calculate the interest-only amount automatically from your balance and rate.

Payment type

Why we ask about your mortgage

Your mortgage is likely your largest monthly obligation and your largest asset simultaneously. Understanding your equity, amortization progress, and payoff timeline gives your advisor the full picture — and opens conversations about refinancing, HELOC-funded debt consolidation, and mortgage acceleration strategies.

This step is optional

No mortgage? Use the "I don't have a mortgage" toggle at the top of the form. You can always come back and add it later.

Own business or investment property?

Add it in the Business / Investment Property section below. It stays separate from your personal mortgage and gives your advisor a richer picture of your total real estate position.