Should I Consolidate Debt into a Home Equity Loan?
Existing Accounts
AmountPaymentInt Rate
Auto Loan
Auto Loan
Boat/RV Loan
Other Loans
Credit Card
Credit Card
Credit Card
Other Account
Other Account
Consolidation Loan
Interest Rate
Length of Loan (Yrs)
Upfront Costs ($)
Discount Points
Tax Rate (%)


Enter estimated account information on all credit accounts you wish to consolidate. Additional accounts can be grouped into one entry. You may be better off not including loans which will be paid off sooner than your proposed consolidation loan, even if their interest rate is higher than the consolidation loan's rate.


Account Analysis
Total Debt: $0.00
Monthly Payments: $0.00
Monthly Interest: $0.00
Aggregate Interest Rate: 0.000%

Equity Loan Analysis
Loan Amount: $0.00
Monthly Payment: $0.00
Monthly Interest: $0.00
Interest Rate: %

Financial Analysis
Yearly Interest Savings: $0.00
Additional Tax Savings: $0.00
Total Cost of Loan: $0.00
Break Even: 0 Yr(s) 0 Mth(s)
Payoff Timeline: 0 Yr(s) 0 Mth(s)


This calculator analyzes the interest and tax savings associated with consolidating credit accounts into a home equity loan. Based on the costs of the loan, a break even period is calculated to figure how long it will take before your savings equal the costs of obtaining the consolidation loan. Consolidation loans can significantly decrease the required monthly payment as it is amortized over a long period of time. This calculator figures how long it will take to pay off the consolidation loan if you make a payment equal to your total monthly payments before consolidating.