Debt Consolidation & Blended Rate Refi
Roll high-rate debts into a cash-out refinance and see the honest comparison — including the part most calculators skip: what stretching short-term debt over 30 years costs in total interest.
Current Mortgage
Debts to Consolidate
New Mortgage Loan
Most homeowners move or refinance within 7–10 years. All savings calculations use this window.
Current Blended Rate
7.12%
weighted average across all debts
New rate 7.25% is higher than blended rateMonthly Payment Comparison
Current (all payments)
$2,743.00
3 separate payments
New consolidated
$2,387.62
1 payment
−$355.38/mo
monthly savings
Break-Even
20 mo
within your 7-yr window
New LTV
72.9%
$350,000 / $480,000
Total Debt Consolidated
$350,000
3 obligations
Closing Costs
$7,000
2% of new loan
Interest Comparison
over 7-year windowConsolidation may cost more over time
Monthly payments drop but interest over 7 years is higher by $24,580. You're stretching short-term debt into a 30-year window.
Debt Breakdown
| Debt | Balance | Rate | Payment | Est. Interest |
|---|---|---|---|---|
Current Mortgage | $320,000 | 6.50% | $2,023.00 | $401,109 |
Credit Card 1 | $12,000 | 22.99% | $300.00 | $10,984 |
Auto Loan | $18,000 | 7.50% | $420.00 | $3,009 |
| Total | $350,000 | 7.12% | $2,743.00 | $415,102 |
Important: Lower payment ≠ lower cost
Rolling short-term debt (credit cards, auto loans) into a 30-year mortgage extends their repayment window dramatically. Even at a lower rate, you may pay significantly more in total interest. Review the lifetime comparison above before deciding.
Estimates only. Actual rates, fees, and qualification depend on your credit profile, home equity, and lender. Consult a licensed loan officer.
The short answer
Should I consolidate debt into my mortgage?
It lowers your monthly payment when your mortgage rate is well below your card and loan rates. The catch is term: moving a 5-year debt onto a 30-year mortgage can cost more in total interest even at a lower rate, and it converts unsecured debt into debt secured by your home. This calculator shows both the monthly and the lifetime figure.
Run your numbers with us
A calculator gives you an estimate. A conversation gives you the number you can actually plan around — David and Bri will walk you through it down to the decimal.