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Home Equity Line of Credit Calculator

Figure out how you can cut current monthly debt payments using money from your Home Equity Line Of Credit (HELOC).

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Loan Info
Interest		(%)
Loan Length		(Yrs)
Closing Cost		($)
Your Tax Rate		(%)
Auto Loan	Amount ($)	Payment ($)	Interest (%)
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Boat Loan
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Financial Analysis

	Debt	HELOC
Debt Amount	$9,000.00
Monthly Payment	$910.00	$56.15
Average Interest Rate	12.933%	6.375%
Payoff Timeline	0 Yrs 11 Mts	30 Yrs 0 Mts
Total Monthly Payment	$9,567.93	$20,213.38
Total Deductible Interest	$0.00	$11,213.38
Average Annual Tax Savings	$0.00	$97.18

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or it's applicability to your financial situation. Please consult your own financial advisor.

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"...I was sure that Somerset was the right choice...they couldn't have been more compassionate or understanding...I just couldn't believe that this all happened within a week...Thanks to my loan officer and all the rest of those great people at Somerset, my family will be able to stay in the only home they have known for some time, without fear of being put out." - Tom N.