Debt consolidation calculator
Rolling high-rate debts into a HELOC at a lower APR can reduce your total interest cost. Enter each debt, the HELOC rate you expect, and a repayment term to see an illustrative comparison of blended current cost versus HELOC cost.
Total balance to consolidate: $13,000
Blended monthly interest on current debts: $226
HELOC monthly payment: $270
Current interest cost over 60 months (interest-only): $13,550
HELOC total interest over 60 months: $3,192
Illustrative estimate only. Current-debt comparison uses interest-only as a proxy; your actual minimum payments may differ. Not an offer to lend.