Debt Consolidation Calculator
See what happens when you roll high-interest debt into your mortgage. Compare a cash-out refinance against a home equity loan, and see your new payment, monthly savings, and blended rate. As an independent broker we shop multiple lenders to find the lowest cost.
1. How do you want to consolidate?
A cash-out refinance replaces your first mortgage. A home equity loan keeps it and adds a second.
2. Your current first mortgage
The loan you have today.
3. Debts to consolidate
Add each debt — credit cards, personal loans, auto, etc.
| Debt | Balance | Rate % | Monthly pmt |
|---|
4. Your new loan
Estimated rate for the new first mortgage. We'll shop lenders for your real rate.
Debt consolidation, answered
Should I consolidate with a cash-out refinance or a home equity loan?
A cash-out refinance replaces your first mortgage with one larger loan that pays off your balance plus your debts — best when today’s rate is near or below your current rate. A home equity loan keeps your first mortgage and adds a second lien only for the debt — best when you have a low first-mortgage rate worth keeping. This tool compares both instantly.
Does consolidating debt into my mortgage actually save money?
It can lower your total monthly payment because mortgage rates are usually far below credit-card and personal-loan rates, and the balance is spread over a longer term. The trade-off is paying that balance over more years — weigh the monthly savings against the longer payoff.
How much of my home’s equity can I use?
Most cash-out and home-equity programs allow a combined loan-to-value up to about 80–85%, depending on the lender, your credit and the property. The calculator shows your resulting LTV; we confirm exact limits with lenders at application.
Will using this calculator affect my credit?
No — it’s an estimate tool only. No personal info, no SSN, no credit pull. A credit check only happens if you choose to apply, with your permission.