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.
How it's calculated
This tool estimates savings from rolling higher-rate balances into a HELOC. It compares the total interest on your current debts — such as credit cards near 20% APR — against the interest on the same balance at a typical HELOC rate. The gap is your illustrative savings. Because a HELOC is secured by your home and rates are variable, savings are not guaranteed and depend on your actual rate and payoff pace.
Frequently asked questions
How much could I save consolidating debt into a HELOC?
Savings come from the rate gap. Moving a $30,000 credit-card balance near 20% APR to a HELOC closer to 9% can cut interest meaningfully over time. Your actual savings depend on your HELOC rate, how fast you repay, and whether you avoid new card balances.
What's the risk of consolidating credit cards into a HELOC?
A HELOC is secured by your home, so missed payments can put your house at risk — unlike unsecured credit cards. Rates are also usually variable, so costs can rise. Consolidating only helps if you avoid running balances back up on the cards you paid off.