Credit Cards & Debt

Home Equity Debt Consolidation Calculator

Using home equity to consolidate debt can sharply lower your rate — but it secures consumer debt against your house. Weigh the savings against the risk.

Inputs

Total debt to consolidate

Current average rate

Current total monthly payment

Consolidation loan rate

Consolidation term (years)

Estimates only. Change any value to recalculate instantly.

Interest you could save $6,172 new payment $363.98/mo

New monthly payment $363.98

New total interest $13,678

Current total interest $19,850

New payoff time 10.0 yrs

Total interest compared

Consolidated $14k
Current debts $20k

Home equity rates are low, so the interest saving here is $6,172. The trade-off is real: you convert unsecured debt into debt secured by your home, and a longer term can add interest even at a lower rate.

Consolidated loan amortizationView table

Year	Principal	Interest	Balance
1	$2,042	$2,326	$27,958
2	$2,211	$2,157	$25,747
3	$2,395	$1,973	$23,353
4	$2,593	$1,775	$20,760
5	$2,809	$1,559	$17,951
6	$3,042	$1,326	$14,909
7	$3,294	$1,074	$11,615
8	$3,567	$800	$8,048
9	$3,864	$504	$4,184
10	$4,184	$184	$0

How this calculator works

This calculator runs entirely in your browser — nothing you enter is sent anywhere, and there is no sign-up. Change any input and the result, breakdown, and schedule update instantly.

Rate and cost fields are pre-filled with current benchmarks (Federal Reserve / Freddie Mac via FRED (St. Louis Fed)), so your first result is already realistic — replace them with your own quote to see your numbers. To weigh one option against another, use the loan comparison calculator.

Common questions

Is this calculator free, and do I need to sign up?

Yes and no — it is completely free and asks for no account or personal details. Every calculation happens in your browser, so nothing you type is stored or sent to us.

How accurate are the results?

The math is exact for the inputs you give it, but the defaults are national benchmarks — your real rate, fees, taxes, and insurance will differ. Treat the result as a close estimate to refine with a real quote.