Add credit cards, personal loans, auto loans, or other installment debts. For the most accurate comparison, include the current balance, interest rate, and your usual monthly payment.

If you leave the payment blank on a credit card, we’ll estimate a minimum payment as 1% of the balance plus one month of interest (with a $25 minimum) and show how long it might take to pay off at that level.

Important Disclosures – Educational Example Only
This calculator estimates how consolidating debt into a Home Equity Line of Credit (HELOC) could change your monthly payment and total interest. It assumes a HELOC structure with a 5-year interest-only draw period followed by a 25-year repayment period. During the draw period, only interest is due; the principal balance does not decrease unless you make additional principal payments.

The Estimated HELOC interest-only payment (Column B) shows a sample monthly interest-only payment during the 5-year draw period, based on the rate and total consolidated balance you enter. Actual payments will vary with your rate, balance, and any additional principal you choose to pay.

The Estimated HELOC APR is shown as the HELOC interest rate plus 2.00 percentage points to approximate the impact of an example 2% origination cost over time. This is a simplified estimate and not a formal APR calculation. Actual APR will be calculated and disclosed in your official loan documents.

Columns C and D are illustrations of repayment strategies (keeping the same payment or choosing a fixed payoff period) and, for simplicity, assume a constant rate and a steady payment or term until payoff. In practice, a HELOC is a variable-rate product and your payments, payoff time, and total interest may change over time, especially after the draw period ends and the account enters the 25-year repayment phase.

For credit card debts where no payment is entered, this tool estimates a minimum payment as 1% of the balance plus one month of interest, with a $25 minimum. Payoff times and total interest are estimates only and will differ from your creditor’s actual calculations.

Current-debt payoff times and interest are estimated based on the balances, rates, and payments you enter. Results are sensitive to these inputs and may not match your actual creditor calculations. This tool does not consider taxes, insurance, future rate changes, additional charges, or new borrowing.

Consolidating unsecured debt into a HELOC may increase the time it takes to pay off your debts and could increase the total interest paid, even if the new monthly payment is lower. Because a HELOC is secured by your home, you could lose your home if you fail to make payments. Always review a full Loan Estimate, Closing Disclosure, HELOC Agreement, and any state-specific disclosures before deciding whether to proceed. This is not a commitment to lend or an offer of credit.