Debt Payoff with Home Equity Calculator
Estimate the equity needed to clear high-interest debt and the monthly relief you’d gain.
Want your estimate in writing?
You just saw your number — no email required. For a personalized PDF summary and an introduction to a vetted lender in your state, tell us where to send it.
No credit pull. We never sell your information. Opt out anytime.
High-interest debt can quietly drain a fixed income. Using home equity to pay it off can sharply reduce monthly obligations and total interest paid.
The balance moves to your home loan, accruing interest over a longer period, so weigh total long-term cost against immediate relief.
Frequently asked questions
Should I pay off cards with home equity?
It can help when high-interest debt strains cash flow — compare the long-term cost of moving the balance.
How much equity do I need?
Generally enough to cover the full balance you want to clear, which this estimates.
Will it hurt my credit?
Paying off balances can help utilization, though effects vary — consult a professional.
What this calculates
Estimates monthly savings from paying off consumer debt using home equity.
Assumptions & methodology
- Assumes debts are fully paid and not re-borrowed.
- Results are estimates based on the figures you enter and simplified assumptions.
- Taxes, fees, rates and individual circumstances can change real outcomes.
Important: These tools provide educational estimates only. They are not a loan offer, pre-approval, or financial advice, and results never mean you are approved for any product. Eligibility and terms are determined by a lender after a full application. Consider speaking with a HUD-approved counselor or financial professional.
Recommended next steps
Ready for the next step?
See If You May Qualify