/Debt Consolidation
Calculator
Debt Consolidation with Home Equity
Use your home equity to pay off high-interest debt. See your potential monthly relief.
Your Home & Equity
$
Equity: $140,000
$
Debts to Consolidate
cards, auto, student, etc.
$
/month total
$
New Loan Details
%
Available Equity (at 80% LTV)
$56,000
Enough to cover all $35,000 in debts
Consolidation Summary
Debt Paid Off$35,000
New Loan Amount$315,000
New LTV75.0%
Remaining Equity$105,000
Monthly Payment Impact
Current Mortgage + Debts Est.$2,716.07
New Single Payment$2,043.08
Monthly Relief$672.99
Important: This replaces short-term debt with long-term mortgage debt. Lower payments don't always mean lower total cost. Talk to Mark about whether this makes sense for your situation.