Turn high-interest debt into one lower mortgage payment.
A debt consolidation refinance lets you use your home equity to pay off credit cards, medical bills, and other balances, then roll them into a single mortgage payment at a lower interest rate. Less to track, less interest, more room in your budget.
Current Mortgage
Existing Loan
Credit Cards
22% APR
Medical Bills
Past Due
Auto / Personal
Multiple Dates
One Payment
Lower Rate
Run your own numbers in under a minute.
Enter your home value, your mortgage, and the debts you want to clear. We will estimate your new payment and what one consolidated loan could save you each month.
Savvy Cash-Out Debt Consolidation Refi
Your Home & First Mortgage
You are about 7 yrs into a 30-yr loan · about 23 yrs left · est. balance today ~$302,272.
Assumes a 30-year original term; the acquired date affects your remaining balance & term, not your fixed monthly payment.
Your High-Interest Debt
Your Credit & New Loan
Property Costs
Estimated Monthly Savings
You could lower your total monthly outlay by rolling your mortgage and debt into one loan.
Today
$3,142
per month
With Savvy
$2,833
per month
Skip a payment, keep about $2,330
Refinancing often lets you skip a mortgage payment at closing. Bank that $2,330 and put it to work (that month's interest rolls into your new loan).
What you could keep over time
In 1 Yr
$6,040
In 2 Yrs
$9,750
In 5 Yrs
$20,880
Cumulative monthly savings, including the one skipped payment.
Your Current First Mortgage
This calculator is for educational purposes only and is not a loan offer, pre-qualification, or commitment to lend. Estimated rates are illustrative and based on the credit range, loan program, and term you select; your actual rate, available cash-out, and closing costs depend on a full application, credit review, property appraisal, and program guidelines. Cash-out refinances are limited to 80% loan-to-value on Conventional and FHA loans and up to 100% on VA loans (VA cash-out is for eligible borrowers; not affiliated with or endorsed by the VA). Current mortgage payment assumes a 30-year original term. Debt payments are estimates unless you enter them. Consolidating shorter-term debt into a longer-term mortgage may increase the total interest paid over time. Refinancing may allow you to skip one monthly payment at closing; that skipped month's interest is typically added to your new loan balance. Savings-over-time figures are cumulative estimates that assume the monthly difference stays constant. Equal Housing Lender · NMLS #1604663.
The advantages add up faster than you might expect.
A consolidation refinance changes how your debt behaves and how your money works for you.
A lower interest rate on your debt
Mortgage rates are typically far below credit card rates. Moving high-interest balances into your loan means more of every payment goes toward principal, not interest.
One payment instead of many
Different due dates, balances, and rates become a single monthly mortgage payment. Fewer things to track means fewer chances for a missed or late payment.
More monthly cash flow
A lower combined payment frees up money each month. You can put it toward savings or your budget breathing room.
Room to handle the unexpected
Paying off cards opens credit back up as an emergency cushion so you rely less on high-interest debt later.
A credit score that can recover
Lower utilization improves your credit score over time as balances shrink.
A fixed, predictable plan
Trade variable rates for a fixed mortgage so you always know your payment and payoff timeline.
Putting your home equity to work, step by step.
You borrow against the equity you have already built, use those funds to clear your other debts, and replace them with one mortgage.
Review your equity and your goals
We look at what your home is worth, what you owe, and which debts are costing you the most. Cash-out options generally start once you have meaningful equity in the home.
Qualify for the new loan
We review your credit, income, and debt-to-income ratio. An appraisal confirms the home's value so we can size the loan correctly.
Pay off the high-interest balances
The new loan replaces your current mortgage and pays down your other debts. Balances can be paid directly to creditors or sent to you.
Move forward with one payment
From here you have a single mortgage payment at one rate and one due date, with the freedom to put your monthly savings wherever it helps most.
Three paths to the same goal.
There is no single right answer. The best route depends on your current rate, how much equity you have, and what you want your payment to look like.
Cash-Out Refinance
Replace your mortgage with a larger loan and use the difference to clear your debts. Combining variable high-rate balances into one fixed payment can save you money each month and over the life of the loan.
Best for: Homeowners with a higher loan balance and solid equity to draw from.
Rate and Term Refinance
Refinance into a lower rate or a fresh term to reduce your mortgage payment, then redirect the savings toward paying down your other balances faster.
Best for: Those whose main goal is a lower payment and steady debt paydown.
Home Equity Line (HELOC)
Borrow against your equity without touching your existing mortgage. A strong choice if you locked in a great rate but still want to tap equity to pay off higher-interest debt.
Best for: Homeowners who want to keep a low first-mortgage rate intact.
A consolidation refinance tends to make the most sense when these line up.
You carry high-interest debt across credit cards, medical bills, or personal loans.
You have built up equity in your home.
You plan to stay in the home long enough to benefit from the savings.
You want one predictable payment instead of juggling several.
A lower combined monthly payment would give your budget real relief.
The simple test
Add up what you pay each month across your mortgage and your other debts. If a single consolidated payment at a lower rate comes in below that total, and you intend to stay in the home, the savings usually outweigh the cost of refinancing. A loan advisor can run the exact numbers for your situation.
A few honest points to weigh before you decide.
Your mortgage balance goes up, so the monthly mortgage payment is usually higher than before. The trade is one payment at a lower rate, which often costs less overall than the debts it replaces.
You may pay more total interest over the longer life of the loan. Weigh that against the high-interest balances you are clearing today.
Refinancing comes with closing costs, typically a percentage of the loan amount. Your advisor can show how those costs compare to your expected savings.
Using equity now means less equity later if you sell. This is why a longer time horizon in the home matters.
Make the Savvy Move
See what one lower payment could look like for you.
Connect with a loan advisor to review your equity, compare your options, and get the exact numbers for your situation. No obligation.