Many homeowners carry multiple debts without realizing the full impact:
Total Monthly Payments: $1,500 – $2,500+
| Debt Type | Balance | Rate | Payment |
|---|---|---|---|
| Credit Cards | $18,500 | 24% | $550 |
| Personal Loan | $9,500 | 14% | $275 |
| Auto Loan | $22,000 | 8% | $480 |
| Student Loans | $35,000 | 6.5% | $300 |
Total Monthly: $1,605
Minimum payments can stretch debt over 20–30 years.
You could pay back 2–3x what you borrowed due to interest.
Using home equity to restructure debt:
New Estimated Payment: $1,200/month
Potential Monthly Savings: $400–$1,000+
Does this actually make sense for YOU?
This tool helps you compare your current situation vs. optimized strategies.
👉 Run Your Numbers