Mortgage Debt Consolidation Calculator

See if consolidating your debts into a new mortgage could lower your monthly payments.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Current Mortgage

$
%
$

Other Debts

$
$
%

New Consolidated Loan

%
30 years
$

Current Payments

Total Monthly Payment$2,400
Interest Over Comparison Horizon$167,582

Consolidated Loan

New Loan Amount$235,000
New Monthly Payment$1,563
Interest Over Comparison Horizon$327,846

Comparison

Both paths are paid off within the common comparison horizon. Horizon: 360 months.

Current Path Cash Paid$397,582
Current Debt Remaining$0
New Path Cash Paid$562,846
New Debt Remaining$0
Cost Difference Including Remaining Debt-$165,264
Monthly Savings$837
Months of Payment Savings to Cover Closing Costs6
How it works›

Model and assumptions. Compares the existing mortgage and unsecured-debt cash flows with the replacement mortgage and its fees. Remaining balances matter at the comparison horizon. Converting unsecured debt to a mortgage changes the collateral at risk; tax benefits are not assumed.CFPB: mortgage termsOpenStax: annuity formulas