A Home Equity Loan or Line of Credit (HELOC) can be an effective tool to consolidate debt, reduce your overall interest rate, and lower your monthly payments. Enter your outstanding balances and interest rates in the sections below (click the pencil icon to expand each), and your desired repayment term and interest rate on your home equity loan/line. Then see how your monthly payments compare by clicking the “View Report” button.


Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.