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Should I Use HELOC to Lower Debt Payments?

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Loan Info
Interest (%)
Loan Length (Yrs)
ClosingCost ($)
Taxes (%)
Auto Loan Amount ($) Payment ($) Interest (%)
Auto Loan
Boat Loan
Credit Card 1
Credit Card 2
Other Accounts
Financial Analysis
  Debt HELOC
Debt Amount $9,000.00
Monthly Payment $910.00 $46.95
Average Interest Rate 12.933% 4.750%
Payoff Timeline 0 Yrs 11 Mts 30 Yrs 0 Mts
Total Monthly Payment $9,567.93 $16,901.37
Total Deductible Interest $0.00 $7,901.37
Average Annual Tax Savings $0.00 $68.48




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