HELOC vs credit-card payoff calculator
Credit cards often carry APRs well above 20%. A HELOC typically charges a lower rate, which can cut the total interest you pay to retire the same balance over the same term. Enter your own numbers below to see the illustrative difference.
Total interest — credit card: $3,749
Total interest — HELOC: $1,448
Illustrative interest saving with HELOC: $2,301
Illustrative estimate only — not an offer to lend. Rates are variable.