Debt Consolidation Savings Calculator
Moving credit card debt to a home equity loan or HELOC can save thousands — but only if you do not rack up new cards. This calculator shows the real savings.
How It Works
Credit cards charge 20-29% APR. Home equity products charge 7.5-10.5%. The rate difference is huge — but the risk is too. Credit card debt is unsecured. Home equity debt is secured by your house. This calculator shows the dollar savings, but the real question is whether you can avoid new credit card debt after consolidation.
Tip: If you consolidate, close the cards you pay off. Studies show 60% of people who consolidate with home equity rack up new credit card debt within two years.
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