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Your Current Loan
Remaining principal on your mortgage
Debt to Consolidate
Roll high-interest debt into your mortgage at a fraction of the rate
Credit cards, car payments, personal loans
Combined monthly payments on all that debt
Mortgage + all debt payments combined
New Loan Details
Rate you expect to qualify for
Typically 2-5% of loan amount
Extra cash beyond debt payoff
Weigh the costs and benefits carefully
Total Monthly Savings
+$972
per month by consolidating into one payment
Before (mortgage + debt)
$2,920/mo
After (one payment)
$1,949/mo
Break-Even Point
7 months
Lifetime Savings
-$36,373
Closing Costs: $6,000 • Debt Payoff: $25,000 • Total New Loan: $325,000
Analysis & Insights
By rolling $25,000 of high-interest debt into your mortgage at 6.00%, you eliminate $800/month in separate payments. Your total monthly savings is $972.
Reducing your rate by 1.00% is a significant improvement.
Your total monthly outflow drops from $2,920 to $1,949, saving you $11,662/year.
You'll recoup your closing costs in just 7 months.
Extending your loan term by 5 years may increase total interest paid. However, the monthly cash flow improvement from debt consolidation often outweighs this.
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