You can save hundreds of dollars in interest by applying for a home equity loan. The interest rate that you pay for a home equity loan is often lower than the interest rate you pay for a credit card or auto loan. You may also lower your loan's interest rate by using the tax deductability of your home equity loan.

This calculator helps you estimate your savings if use the equity in your home. Please enter your debt information below, including credit cards, personal loans, auto loans and so on.

Your Current Debt Status
    Current Amount Owed     Monthly Payment     Interest Rate  
1: $  $   %
2: $  $   %
3: $  $   %
4: $  $   %
5: $  $   %
6: $  $   %

Your Proposed Loan

Interest Rate: %
Duration of loan: (years)
Estimated Closing Costs: $
Federal + State Tax Rate:     %
Expected Cash Back: $
 

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