Should I Use HELOC to Lower Debt Payments?
Input
Financial Analysis
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Debt
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HELOC
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Debt Amount
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$9,000.00
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Monthly Payment
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$910.00
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$46.95
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Average Interest Rate
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12.933%
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4.750%
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Payoff Timeline
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0 Yrs 11 Mts
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30 Yrs 0 Mts
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Total Monthly Payment
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$9,567.93
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$16,901.37
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Total Deductible Interest
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$0.00
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$7,901.37
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Average Annual Tax Savings
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$0.00
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$68.48
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