HELOC Debt Consolidation

Compare your current debt payments with a HELOC consolidation loan.

Consolidate Your Current Debt

Your home serves as collateral for the HELOC.
HELOC interest may be tax-deductible¹.
This calculator is for educational purposes only. Your actual rate, payment, and costs could be higher. Get an estimate from a loan officer before choosing a loan.

Card Name

Balance

Interest Rate

Credit Card Payoff Timeline

Estimated Monthly Savings

HELOC consolidation appears beneficial based on your current debt profile. You could save $276 monthly.

Current Payment

$599

New Payment

$322

Monthly Savings

$276

Payment Details

Current Debt

Total Balance$40,000

Weighted APR17.18%

Monthly Payment$599

Total Interest$103,675

HELOC Consolidation

Total Balance$40,000

HELOC Rate7.5%

Monthly Payment$322

Total Interest$37,337

Disclosures

¹ Interest may be tax deductible, consult a tax advisor for further information regarding the tax deductibility of interest and charges.

Additional Disclosures

Calculators display default values. Information and interactive calculators are for educational purposes only and are not intended to provide financial or tax advice. Consult a tax advisor for further information regarding the deductibility of interest and charges. Loan terms and mortgage interest rates will depend on your individual circumstances. Results do not indicate approval of financing, contact a Mortgage Loan Officer to discuss your specific details.

To receive the advertised product, you must become a member of PenFed Credit Union, which is federally insured by the NCUA.

HELOC Debt Consolidation

Consolidate Your Current Debt

Credit Card

Credit Card 1

Unsecured Loans

HELOC Consolidation

Estimated Monthly Savings

Payment Details

Disclosures