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Debt Consolidation (Blended Rate) Calculator

Compare your current blended rate and payments against a cash-out refinance before you decide.

Current mortgage

Debts to consolidate

New cash-out refinance

National average benchmark, not a quote. Edit to your scenario.

Your current blended rate

6.39%

Weighted across your mortgage + listed debts

New refinance rate

6.48%

Over a 30-year term

Current total monthly$3,100
New single monthly (P&I)$2,321
Monthly change−$779/mo
New loan amount$368,000
Total interest, "stay the course"$225,392
Total interest, new loan$467,622

Estimated monthly savings: $779

Niko's take: This lowers your monthly payment, but you could pay more in total interest by stretching it over a longer term. Worth a real conversation before you decide.

Estimates only, not a quote or offer. Consolidating spreads debt over a longer term, so you may pay more in total interest even if your monthly payment drops, and this debt becomes secured by your home. Run your full scenario with me before deciding.

How do I read these results?

Start with your current blended rate versus the new rate. If the new rate isn't clearly lower, consolidating may not help. Then compare your current total monthly to the new single payment, and check the total interest both ways. A lower monthly that costs more over time isn't always a win.

When is consolidating actually worth it?

It tends to make sense when your debts carry rates well above today's mortgage rates, you have enough equity, and you plan to stay in the home. It's risky if you might run the balances back up or move soon. Remember, this secures former credit card debt to your house, so it deserves a real conversation first.

Common questions

It estimates your current blended rate, the weighted average across your mortgage and the debts you'd consolidate, then compares it to a new cash-out refinance. You see your new single payment, the monthly change, and the total interest both ways. It's an estimate to help you decide, not a quote.

Your blended rate is the average interest rate across all your balances, weighted by how big each one is. A small balance at a high rate moves it less than a large balance does. It shows your true overall cost of borrowing, which is the right number to compare against a refinance rate.

Because a lower monthly payment can still cost more over time. Stretching debt over a longer term may raise the total interest you pay, even when the monthly drops. Seeing both the monthly change and the long-term interest side by side keeps the decision honest instead of focusing on one number.

It can be. Consolidating turns unsecured debt, like credit cards, into debt secured by your home, so your house is now tied to it. That's a real trade-off worth weighing. It can still be smart in the right situation, but it deserves a careful look, not a rushed yes.

Last updated: June 5, 2026

This calculator is for educational estimates only. It isn't an offer to lend, a quote, or a commitment to make a loan. Your actual numbers depend on your loan, credit, property, and other factors. Rates and programs may change without notice.

Estimates are great. A real plan is better.

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