Add up your balances and monthly payments, note the blended rate, then compare to the new home-secured payment. The gap is your monthly savings — weigh it against closing costs and the longer term.
Running the numbers
Total your high-rate balances and their combined monthly payments. Compare to the new consolidated payment at the lower rate. Factor in closing costs and that stretching debt over a longer term can add interest even at a lower rate.
Example
$40,000 of card debt at high rates costing ~$1,200/month might become a much lower home-secured payment — freeing hundreds monthly. We’ll compute your exact before-and-after, including total-interest impact.
| Input | Effect |
|---|---|
| Higher current rates | Bigger savings |
| Lower new rate | Bigger savings |
| Longer new term | Lower payment, more total interest |
| More balances consolidated | Bigger payment drop |
Frequently asked questions
Can you show my before-and-after?
Yes — send your balances, rates, and payments; we’ll show the consolidated payment and monthly savings.
Does a longer term cost more overall?
It can — a lower payment over more years may add total interest. We show both payment and lifetime cost.
Is the estimate binding?
No — illustrative until appraisal and rate lock.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.