Debt consolidation refinance calculator.
Debt consolidation is a trade. Lowering your monthly payment can extend total interest, and unsecured debt becomes secured by your home. Test the math before you commit — the payment comparison is only half the picture.
Educational planning tool only
This calculator does not provide loan quotes, approvals, or commitments to lend. Interest rate inputs are not APRs. Final terms depend on verified borrower details, loan structure, property details, and market conditions.
What this models
- Monthly payment change: current debts versus a consolidated mortgage scenario
- Total cost tradeoff over time, not just the new payment
- Risk implications when unsecured debt becomes secured by your home
Secured versus unsecured risk
Credit cards and personal loans are typically unsecured. When consolidated into a mortgage, the debt becomes secured by your home. Lower payment does not remove risk. Missed payments can have more serious consequences.
What this does not include
This calculator compares principal and interest scenarios. It does not include property taxes, homeowners insurance, HOA dues, flood insurance, escrow changes, prepaid items, or mortgage insurance changes that may apply.
Want a rate-only refinance comparison? Use the refinance break-even calculator.
Current mortgage
Debts to consolidate
Each row models a debt as fixed monthly payment until paid off (planning simplification — real cards and loans accrue interest differently). Add up to 8 debts.
This calculator does not model each debt's own interest rate. Use it for cash-flow comparisons only — not lifetime-cost comparisons of the existing debts.
New mortgage scenario
Compare a hypothetical refinance — optionally consolidating your debts — against your current trajectory. Presets seed three pricing scenarios; adjust any field to model your own.
Decision outputs
Lower payment can increase total interest and turns unsecured debt into debt secured by your home.
Estimate only. Not a loan quote, approval, or commitment to lend. Interest rate inputs are not APRs. Final terms depend on verified borrower details, loan structure, property details, and market conditions.
Planning tool only. This calculator provides estimates to help evaluate scenarios. It is not a loan offer, not a rate quote, and not a commitment to lend.
No APR and no Loan Estimate. Interest rate inputs are not APRs and results do not represent a Loan Estimate. Your official lender Loan Estimate and closing disclosure control final terms and costs.
Assumptions and limits. Results are based on the inputs you provide and standard amortization math. They do not include all settlement charges, escrows, prepaid items, taxes, insurance, HOA dues, mortgage insurance changes, credit score impacts, or underwriting conditions.
No approval or qualification. This calculator does not determine approval, eligibility, ability to repay, or affordability.
The Mortgage Expert · NMLS 2412313 · Equal Housing Opportunity.
How to read the results
Monthly change
A lower monthly payment can feel like a win. The real question is what you give up to get it. If the monthly change only works by extending debt for decades, you need to see that clearly.
This comparison focuses on principal and interest scenarios. It does not include taxes, insurance, HOA, escrow changes, or mortgage insurance changes.
Total cost impact over your time horizon
The main decision metric. It estimates what you pay over the years you plan to keep the home, including the remaining balance at the end of that period.
Consolidation can lower the payment and still increase total cost if the term is extended or costs are financed.
Risk tradeoffs
Consolidation can convert unsecured debt into debt secured by your home. That can improve cash flow, but it changes consequences if finances tighten later.
Treat results as planning scenarios, not a guarantee of savings or approval.
Break even timing
When monthly savings have covered the refinance costs used in the math. If you might sell, refinance again, or pay off early before break even, the decision often does not work.
More calculators
Get my mortgage strategy
If you want, I will pressure-test whether consolidating debt into your mortgage is actually a smart trade. Sometimes it helps cash flow. Sometimes it increases total interest and risk.
- Confirm whether the monthly payment change is worth the long term cost
- Identify risks when unsecured debt becomes secured by your home
- Compare alternatives that reduce interest without extending debt
Planning only. No quotes. No commitments. Interest rate inputs are not APRs.
Debt consolidation refinance calculator questions
Is it a good idea to consolidate debt into a mortgage
Sometimes. It can reduce the monthly payment and simplify cash flow. It can also increase total interest by spreading short term debt across a long term mortgage. The right decision depends on the tradeoff between monthly relief, long term cost, and risk.
Will consolidating debt lower my monthly payment
It often can, because mortgages usually have longer terms than credit cards and personal loans. The key is to confirm whether the monthly payment change is worth the added time and interest cost. This calculator models both as planning scenarios.
Does debt consolidation through refinancing increase total interest
It can. Even with a lower interest rate, extending repayment over a long term can increase total interest cost. That is why time horizon and total cost impact matter more than the new payment alone.
What is the risk of converting unsecured debt into mortgage debt
Unsecured debt is not tied to your home. When it is rolled into a mortgage, the debt becomes secured by your home. That can improve cash flow, but it changes consequences if finances tighten later. This decision should be made carefully — the debt is not erased; it is restructured against your home.
Should I roll closing costs into the refinance or pay them upfront
Rolling costs into the loan can preserve cash but increases the balance and long term interest. Paying costs up front can improve break even timing but requires more cash today. This calculator lets you test both approaches as planning scenarios.
Is the interest rate used in this calculator an APR
No. Interest rate inputs in this calculator are planning assumptions only and are not APR. Final APR depends on fees, structure, and verified borrower details.
Does this calculator guarantee savings
No. This is a planning comparison tool. Results depend on your inputs, actual loan terms, and how long you keep the home. Use it to model tradeoffs, then confirm details with a real strategy review.
Is this a Loan Estimate or a refinance quote
No. This is a planning tool and it does not provide a loan quote, a Loan Estimate, or a commitment to lend. Your official lender Loan Estimate and closing disclosure control final terms and costs.