Debt Consolidation Analysis
Debt Consolidation Calculator
Calculate potential savings by consolidating high-interest debt into your mortgage at institutional rates.
Debt Consolidation Analysis
Consolidation Results
Available for Consolidation
$85,000
Based on home equity
Monthly Savings
$2,706
Per month
Annual Savings
$32,473
Per year
New Mortgage Rate
4.99%
Conventional 5-yr fixed 4.39% (loading today's rate) + 0.60% credit spread (est.)
Current Situation
Mortgage Payment:$2,034
Debt Payments:$3,200
Total Monthly:$5,234
DTI Ratio:52.3%
After Consolidation
New Mortgage Payment:$2,528
Remaining Debt Payments:$0
Total Monthly:$2,528
DTI Ratio:25.3%
Total Cost of the Consolidated Debt
Keep current payments (15%):$18,944 interest over 33 months
Add to mortgage (25 years):$63,164 interest + $3,000 costs
Lifetime difference:Costs $47,220
Tip: keep paying close to your old total each month after consolidating to clear the added balance years sooner.
Limited Consolidation Benefits
Consider other debt reduction strategies or improve credit score for better rates
Why Choose Equity Lending for Debt Consolidation?
Your Rate
4.99%
Typical Credit Card Rate
19.99%
Estimates only. Assumes a refinance to a single mortgage at an estimated rate with a 25-year amortization and that consolidated debts are fully paid out. Consumer-debt payoff uses your average rate with monthly compounding. Qualification (stress test, TDS) is not assessed here.
Access institutional rates typically reserved for prime lending, with professional service and flexible terms.