Debt Consolidation - Home Equity Calculator

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Mortgage Calculators

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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