Debt Consolidation Calculator
(Home Equity Loan)

This calculator will show you how consolidating your high-interest debt into one lower interest loan can reduce your monthly payments and provide you with income tax savings at the same time.

*These Calculators do not work on mobile there are too many features, so they only work on a desktop.
Please revisit on a desktop screen, please.

Enter each one of the debts that you would like to pay off, along with their corresponding principal balances, interest rates, and monthly payment amounts. Once you have all your debts entered, make any desired changes to the "New Loan Information" default entries and then click on the "Calculate New" button.
Payment Description	Principal Balance	Interest Rate	Payment Amount	Payments Left	Interest Left










Totals >>>
New Loan Information
Need Additional Cash? If So Enter Amount Here		Interest Rate	Number of Years	Estimated Closing Costs	Fed & St. Tax Rate


Results				Current	New Loan
Total Principal Balance:
Effective Rate Before Taxes:
Effective Rate After Taxes:
Total of Monthly Payments:
Monthly Tax Savings:
Monthly Payment Reduction:
Total Monthly Savings: