Mortgage Calculators level Debt Consolidation - Home Equity Calculator

How much to save by Debt Consolidation


The calculator shows you how you can save on your income tax by consolidating high interest debts into a single lower interest home-equity loan.
Entry Columns
Calculated Columns
Payment Detail Debt Balance
($)
Interest Rate
(% per annum)
Monthly Pmt
($)
No. of Payments
Left
(#)
Total Interest
Left
($)
Totals    
New Loan Information
Need Additional Cash? If So Enter Amount Here
Interest Rate (% per annum) %
Number of Years
Estimated Closing Costs ($)
Federal & State Tax Rate %
   
How much will my monthly payment be if I consolidate all of my debts into a single home-equity loan?
  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 ($)  

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