text: i would like to pay off 40000  in debts and have around 5000 for repairs etc.? i would like to consulitate a home loan,car loans, personal loans and some credit card debts plus 5000 to do some repairs and new furniture and so forth.  i would like a payment of about 550 and pay off in 10 years. for a monthly payment of $550, paying off in 10 years, you can only borrow around $50,000 (at 6.125%). so that covers your debts and repairs, but not much else.   unfortunately, depending how much you owe on your house, you probably wouldn't get a rate of 6.125%. second mortages tend to run 8-9% or higher depending on your credit rating. this would cap your borrowing at around $45,000 to keep that $550 payment.