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This calculator will help you to decide whether or not you should consolidate your debt at a lower, tax deductible interest rate with a home equity loan or second mortgage. It will also alculate how many months it will take to break even on the closing costs. Remember - your first mortgage will not change.
If you include your first mortgage in the consolidation, you can take cash out up to 100% of the value of your home. If you do - change the mortgage rate to today's rates +.125% for a cash out refinance, instead of prime rate, and hange the term to 30 years.
Note: When entering numbers into the data fields only use numbers and applicable decimal points.
Entering commas, dollar signs, or any other non-numeric characters will cause an error.
Also please note that this calculator has been tested to work with Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However, both must have the JavaScript option turned on.
If you include your first mortgage in the consolidation, you can take cash out up to 100% of the value of your home. If you do - change the mortgage rate to today's rates +.125% for a cash out refinance, instead of prime rate, and hange the term to 30 years.
Note: When entering numbers into the data fields only use numbers and applicable decimal points.
Entering commas, dollar signs, or any other non-numeric characters will cause an error.
Also please note that this calculator has been tested to work with Internet Explorer 3.01 and Netscape Navigator 3.01 web browsers. However, both must have the JavaScript option turned on.
Debt Consolidation
We do not guarantee the accuracy of mortgage calculators available on this site,
for exact figures based on market rates, please contact us or call: (714) 751-5000
for exact figures based on market rates, please contact us or call: (714) 751-5000
