There are two versions of you.

About this Wealth Builder Calculator. This tool gives you a directional projection based on the numbers you entered and live SOFR data pulled from the New York Fed. The Wealth Builder strategy uses a First Position HELOC charged daily simple interest: your paycheck flows into the line and reduces your average daily balance the same day it lands, so interest accrues on a smaller balance than a traditional mortgage charges interest on a fixed amortized schedule. Your minimum payment recalculates every 30 days based on your actual balance — so the faster you pay it down, the lower your minimum payment gets.

Product details. Variable-rate first-lien HELOC tied to 30-day compounded SOFR plus margin (typically 2.50%–4.00% at closing; lifetime cap of +6% above your starting rate). Rate floor: 3.75%. First-period adjustment cap: 6% above start rate. Rates can and will change monthly. Loan amounts subject to underwriting, credit tier, and program guidelines — current illustrative ceiling $3.5M for borrowers at 760+ FICO; tiered down for lower scores. Your home secures this loan.

State availability. Available in most U.S. states; not available in HI, IL, or NY. Texas is limited to second homes and investment properties.

Not a loan offer. Numbers shown here are illustrative estimates based only on the information you provided — they are not a Loan Estimate under the Truth in Lending Act, not a prequalification, and not a guarantee of loan approval, rate, payment, or savings. Actual terms depend on your full application: credit score, debt-to-income ratio, property value, loan-to-value ratio, income documentation, reserves, occupancy, and current market conditions. This product is not appropriate for every borrower — specifically those without consistent positive monthly cash flow. Past performance does not guarantee future results.