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Should I use HELOC to Lower Debt Payments? Should I Consolidate My Debt?
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Should I Use HELOC to Lower Debt Payments?
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Loan Info
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(%)
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(Yrs)
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($)
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(%)
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Payment ($)
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Financial Analysis
Debt
HELOC
Debt Amount
$9,000.00
Monthly Payment
$910.00
$56.15
Average Interest Rate
12.933%
6.375%
Payoff Timeline
0 Yrs 11 Mts
30 Yrs 0 Mts
Total Monthly Payment
$9,567.93
$20,213.38
Total Deductible Interest
$0.00
$11,213.38
Average Annual Tax Savings
$0.00
$97.18