Mortgage Debt Consolidation Calculator
Compare your current debt payments against consolidating them into a cash-out mortgage refinance. See the monthly payment savings, total interest comparison, and how long it takes to break even on closing costs.
Inputs
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Credit cards, auto loans, etc.
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Results
Monthly Savings
$779
New Loan Amount
$285,000
Break-Even
7 months
Interest Difference
$46,933
Monthly Payment Comparison
Cumulative Savings Over Time
Year-by-Year Comparison
| Year | Current Annual | New Annual | Cumulative Savings |
|---|---|---|---|
| 1 | $29,856.21 | $20,504.63 | $4,351.59 |
| 2 | $29,856.21 | $20,504.63 | $13,703.17 |
| 3 | $29,856.21 | $20,504.63 | $23,054.76 |
| 4 | $29,856.21 | $20,504.63 | $32,406.35 |
| 5 | $29,856.21 | $20,504.63 | $41,757.93 |
| 6 | $29,856.21 | $20,504.63 | $51,109.52 |
| 7 | $29,856.21 | $20,504.63 | $60,461.11 |
| 8 | $29,856.21 | $20,504.63 | $69,812.70 |
| 9 | $29,856.21 | $20,504.63 | $79,164.28 |
| 10 | $29,856.21 | $20,504.63 | $88,515.87 |
| 11 | $29,856.21 | $20,504.63 | $97,867.46 |
| 12 | $29,856.21 | $20,504.63 | $107,219.04 |
Frequently Asked Questions
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