Home Equity Debt Consolidation Calculator

 

This calculator helps homeowners who are in debt estimate how much they might save through converting other higher interest debts into a home equity loan or a home equity line of credit.

For each debt enter how much you owe, the annual APR and your monthly payment amount. We will calculate how many payments you have left and what the interest expense is tied to paying off each debt. From there you can enter the details on a new loan to see what your prospective interest savings will be.

Enter Your Existing Debts

Debt Type Balance APR Payment Payments Left Interest Left
Totals

New Home Equity Loan Information

Additional Cashout? APR Loan Years Closing Costs

Your Results

Current

New Loan

Total Principal Balance:
Effective Interest Rate
Monthly Payment:
Monthly Savings:
Total Financing Expense:
Total Financing Savings:

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