paying off credit card debt with home equity loan If you took $17,000 worth of equity out of your home to pay off credit card debt, you would have a $150,000 mortgage. You would pay about $43,000 in interest on the entire mortgage at a rate of 3.5%. What’s really cool about this, though, is that we’ve been able to roll the credit card debt in at a much lower interest rate.refinance 15 year rates A 15-year or 30-year mortgage: What’s the better loan term as you round into your retirement years? – So when home loan rates dipped into the 2 percent territory last year, my husband and I jumped out of our 30-year mortgage into a 15-year at 2.75 percent. We are supposed to refinance to a 25-year.If you have a question about making interest payment or using this calculator T alk to our Experts at (800) 565-1722 – Or try ARLO, reverse mortgage calculator that offers side-by-side lender comparisons, real-time interest rates and expert recommendations.