rich lends.Rick Anthony · NMLS #2436255

Debt consolidation calculator

Put your equity to work.

See how rolling credit cards, car payments and other balances into a cash-out refinance or a home equity loan could change your monthly cash flow — and what it means for the total you'll pay over time.

1 How would you consolidate?
2 Your current mortgage
$
%
yrs
$

Principal & interest today: — / month (taxes and insurance aren't included because they don't change). Not sure of your home's value? Get an estimate.

3 Debts to consolidate
IncludeDebtBalanceRateMonthly payment

Use the minimum or regular payment from each statement. Rows you uncheck stay out of the calculation.

4 Your new loan
%
$

The rate is a hypothetical input you choose — not a quote or an advertised rate.

Cash-out refinance

One payment, one rate.

Replaces your current mortgage with a larger one and pays off your debts at closing. Best when today's rates are close to — or below — your current mortgage rate.

About cash-out refinancing

Home equity loan or HELOC

Keep your low first-mortgage rate.

Leaves your current mortgage untouched and adds a second loan for the debts. Often the better fit when your existing rate is well below today's rates.

About HELOCs

Before you decide

Look past the payment.

A lower monthly payment can still cost more over time. The real win comes from using the savings well — and from not running the paid-off balances back up.

See the document checklist