# Should I tap My Equity?

Many folks have a low-interest mortgage, but they're carrying other high-interest debts, like HELOCs in the 8-11% range and credit Cards in the 15-22% Range, and they are wondering, should I consolidate my debt?

Using the calculators below can help you with that decision.

1. Determine the amount of equity by using the Equity Calculator.

2. Then use the Total Debt and to add up your total debt, total monthly payments, and your blended interest rate.

3. Then go to the Mortgage Calculator, take the total debt, and make that your Loan Amount (skip the purchase price and downpayment). Then you can compare your total debt to your one mortgage payment.

**Equity Calculator**

**Total Debt and Blended Rate Calculator **(add as many loans as you want)

**Calculate Your New Payment
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