Use this calculator to see how you can slash your current monthly debt payments by using money from your HELOC (Home Equity Line Of Credit). You'll likely pay more using a HELOC rather than simply paying your debts outright, but if you can’t afford to pay off your debts quickly then you can at least take advantage of its tax advantages and improved monthly cash flow.
To use the calculator, enter the following information:
Loan Information: Interest Rate, Length (in years), Closing Costs
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