See What You Could Save by Consolidating Debt With Home Equity
Add your debts, see your available equity, and compare one estimated payment. Instant results, no signup, and it won't affect your credit.
Your home
Estimated available equity uses your home value, your liens, and a max CLTV you can edit.
Estimated available equity: $210,000 (up to 85% CLTV, subject to guidelines).
- Mortgage owed: $300,000
- Debt payoff and extra cash: $33,000
- Remaining available: $177,000
- Protected equity: $90,000
Your debts
- Total balance
- $33,000
- Total monthly payments
- $870
- Weighted average rate
- 14.36%
Your debts today
- Monthly payment
- $870
- Weighted rate
- 14.36%
- Time to debt-free
- 4 yr 4 mo
- Total interest remaining
- $11,663
Home equity loan
Not a Sunview rate quote. Rates change daily.
- Monthly payment
- $3,231
- Total interest
- $248,502
- Time to debt-free
- 15 yr
HELOC
Not a Sunview rate quote. Rates change daily.
- Interest-only during draw (estimate)
- $2,220/mo
- Full repayment (estimate)
- $2,785/mo
- Total interest
- $601,883
- Time to debt-free
- 30 yr
Your HELOC payment rises when the draw period ends.
Want a faster digital option? See our Fast-Track Digital HELOC
Side by side
- Today
- Home equity loan
- HELOC
- Today
- Home equity loan
- HELOC
| Monthly payment | Total interest | |
|---|---|---|
| Today | $3,780 | $11,663 |
| Home equity loan | $3,231 | $248,502 |
| HELOC | $2,220 | $601,883 |
A lower monthly payment over a longer term can mean paying more total interest. Compare total interest and time to debt-free, not just the payment. Your home secures a HELOC or home equity loan, so make sure the payment fits your budget.
Advanced
Break-even months: 0. Closing costs are added to the total cost of the new loan ($248,502 on the home equity loan).
Talk to a real lender, Mon-Fri, 9 AM-6 PM PT. Sunview Lending is a wholesale lender.
How this calculator works
Available equity is your home value times the max CLTV, minus what you already owe. Example: a $600,000 home times 85% is $510,000. Minus a $300,000 mortgage leaves about $210,000 available, subject to guidelines. The HELOC line on this page is shown up to $500,000.
HELOC vs. home equity loan for debt consolidation
| Home equity loan | HELOC | |
|---|---|---|
| Rate type | Fixed rate | Usually variable |
| How you get funds | Lump sum | Draw as needed |
| Payment | Steady payment | Interest-only option during the draw, then a higher payment |
| Best for | Paying off a set amount | Flexibility |
Frequently asked questions
Can I use home equity to pay off credit cards?
Yes. A home equity loan or HELOC can pay off higher-rate debts. You trade unsecured debt for debt secured by your home, so make sure the payment fits your budget.
How much equity can I borrow?
Often up to a maximum combined loan-to-value, around 85%, minus what you owe, subject to guidelines, credit and property value.
Will consolidating save me money?
It can if the new rate is lower and you don't stretch the payoff too long. Compare total interest and time to debt-free, not just the monthly payment.
HELOC or home equity loan?
A home equity loan gives a fixed payment on a set amount. A HELOC is flexible but usually variable, and the payment rises after the draw period.
Does using this calculator affect my credit?
No. It's an estimate only, and there's no credit check.
Are these Sunview's rates?
No. The rates are examples you can edit. Get a quote for real numbers.
This is an estimate, not a loan offer or commitment to lend. Available equity, max CLTV and loan amounts are subject to guidelines, credit approval and property value. Your home secures a HELOC or home equity loan.
Reviewed by Roland Suncire, Founder and President, NMLS 1196184. Last updated October 2026. Reviews