Mortgage tools
Debt Consolidation Refinance Calculator
See what rolling other debts into your mortgage does to your monthly outflow — and to what the whole thing costs over the period you plan to keep the loan.
Consolidating unsecured debt into a mortgage secures it against your home.
Your property and mortgage
The refinance you are considering
Enter a rate a lender has actually quoted you, or check today's real Florida pricing first.
Change in combined monthly outflow
$844 a month lower
Monthly outflow falls — but over 10 years this structure costs about $886 MORE in total. That is a cash-flow decision, not a saving.
Discount points $0; estimated total refinance cost $6,500.
An estimate from the value you entered. It does not by itself decide whether a loan is available.
Payments made during the period, plus any cost paid at closing, plus every balance still owed at the end.
How that total is built
The new 30-year term is longer than the 27 years left on the current mortgage, which lowers the payment on its own.
Monthly outflow falls, but over the holding period you selected this structure costs more in total. A lower payment is not automatically a saving.
Before you do this
- Consolidating unsecured debt into a mortgage converts it into debt secured by your home.
- Failure to repay a loan secured by your home can put the home at risk.
- A lower monthly payment can still increase total interest or extend how long you are repaying.
- The strategy only works as intended if the paid-off revolving balances are not rebuilt.
Planning estimate only — not a loan offer, rate quote, approval, or commitment to lend. Rates you enter are assumptions, not APRs.
How to read this result
- Cash flow and total cost are different answers
- Spreading a five-year car loan across thirty years always lowers this month's payment. Whether it lowers what you pay depends on the rate difference, the term, and how long you actually keep the mortgage — which is what the total-cost figures measure.
- A debt with no rate cannot be compared
- If a debt has no APR entered it is left out of every payoff and total-cost figure rather than treated as free money. That is why the result says so when the comparison is incomplete.
- The strategy depends on what happens next
- Consolidating works as intended only if the paid-off revolving balances stay paid off. If they are rebuilt, the household ends up carrying both the old payments and a larger mortgage secured by the home.
Other calculators
Assumptions, method and disclosures
What this calculator assumed
- A fixed rate on the current and the proposed mortgage, at the rates you entered.
- Each existing consumer debt amortizing at the APR and monthly payment you entered.
- Debts you mark for consolidation paid off in full at closing and added to the new loan.
- Debts you do not mark left in place, continuing at their own payment.
- Discount points charged as a percentage of the new loan amount.
- No change to property taxes, homeowners insurance or HOA dues is modelled.
How the numbers are calculated
Principal and interest only. Property taxes, homeowners insurance, HOA or CDD dues, and any applicable mortgage insurance or funding fee are not included and will increase the actual monthly payment.
Total economic cost over the period is the outflow actually made during it, plus any cost paid at closing rather than financed, plus every balance still owed at the end — mortgage and remaining consumer debt together. Comparing monthly payments alone would reward the longer term for being longer.
Where a debt’s payment does not cover its first month of interest, the balance grows and no payoff date is produced. Where a debt has no APR, it is excluded from every lifetime figure and the result says the comparison is incomplete.
Estimated loan-to-value is the proposed loan divided by the property value you entered. It is not an eligibility determination: property type, occupancy, credit, income, reserves and program rules all apply, and a scenario at a high loan-to-value needs a direct review rather than a yes or a no from a calculator.
This is a planning estimate, not a loan offer, rate quote, approval, pre-approval, or commitment to lend.
Interest rates you enter here are assumptions, not APRs.
Results depend entirely on the inputs and assumptions above.
Your official Loan Estimate and Closing Disclosure control the actual terms of any loan.
Mortgage Expert, Inc. originates loans on Florida property only. Minimum loan amount $100,000.