Refinance & Consolidation Calculator
Roll your 1st mortgage, 2nd mortgage or HELOC, and other monthly debts (auto loans, credit cards, student loans) into one new mortgage at today's rate. See your new payment and lifetime savings in seconds.
- Combines 1st + 2nd + other monthly debts into one payment
- Uses today's posted OnPoint 30-year rate (auto-synced)
- Shows monthly, annual, and lifetime savings instantly
- Includes optional cash-out and closing-cost roll-in
Today's Refinance Rate · 30-Year Fixed: 5.75% OnPoint · National Average: 6.67% · As of May 28, 2026. View all rates →
20+
Wholesale Lenders Shopped
20+ Yrs
Originating · LO Since 2005
OnPoint Mortgage Pro · NMLS #2134550 · Headquartered in Irvine, California · Licensed in CA, CO, FL, ID, MD, NH, SC, TX, VA · Equal Housing Lender
How the Consolidation Calculator Works
Four quick inputs. The math updates instantly. No submit button, no email required.
1
Enter Your 1st Mortgage
Current balance, interest rate, and years left. Pull these from your most recent mortgage statement.
2
Add 2nd or HELOC
If you have one. HELOC rates are typically 1.5-3% higher than 1st-lien rates, so rolling them in often produces the biggest savings.
3
Add Other Debt (Optional)
Total balance and total monthly across auto loans, credit cards, student loans, personal loans. Each is an opportunity to lower your blended rate.
4
Compare Savings
The result panel shows your new payment, monthly savings, annual savings, and lifetime savings over the new loan term.
Worked Example: Real Numbers, Real Savings
Consolidation math for a typical OnPoint client with a 1st mortgage, a HELOC, and $30,000 in other monthly debt. Numbers reflect the defaults loaded in the calculator above — change them to match your situation.
| Debt | Balance | Rate | Term | Monthly |
|---|---|---|---|---|
| 1st Mortgage | $400,000 | 6.875% | 27 yrs | $2,706 |
| 2nd Mortgage / HELOC | $50,000 | 9.50% | 20 yrs | $466 |
| Other Debts (auto, CC, etc.) | $30,000 | varies | varies | $800 |
| Current Total | $480,000 | — | — | $3,972 |
After Consolidation at Today's 5.75% / 30-Year Fixed
| Line | New Loan | Current | Savings |
|---|---|---|---|
| Monthly Payment | $2,801 | $3,972 | $1,171/mo |
| Annual | $33,612 | $47,664 | $14,052/yr |
| Lifetime (over new 30-yr term) | $1,008,360 | $1,430,000+ | ~$421,600 |
Lifetime savings is the difference between current monthly payments and the new payment, projected over the new loan term. Actual lifetime savings depend on how long you keep the loan and whether existing debts would have been paid off sooner. Use the calculator above with your own numbers for a personalized estimate.
When Consolidation Makes the Most Sense
Not every refi is the right call. Here's the honest framework Victor uses with clients.
You Have a 2nd or HELOC
HELOC rates run 1.5-3% higher than 1st-lien mortgage rates. Rolling a HELOC into the 1st almost always produces meaningful monthly savings, even if your 1st-lien rate stays roughly the same.
You Carry Credit Card Balances
Credit card APRs in 2026 average 21-24%. Replacing those balances with a tax-deductible mortgage at 5-6% reshapes household cash flow dramatically. Common monthly savings: $300-$1,500.
You Want Cash Out
Tapping equity for home improvements, college, or a business is often cheaper as a cash-out refi (5-6% mortgage rate) than as a HELOC (7-10% variable) or personal loan (12-18%).
Your Rate Was Locked During 2023-2024
If your 1st-lien rate is above 7%, today's pricing alone may justify the refi even without rolling in other debts. Combined with consolidation, the move is usually a no-brainer.
You Have 18+ Months Until Sale
Closing costs typically take 12-24 months to break even via monthly savings. If you'll be in the home that long, refinancing is mathematically worthwhile.
You Want One Simple Payment
Behavioral finance matters. A single monthly mortgage payment is easier to budget than juggling 4-6 separate bills with different due dates. The simplification has real value.
Have Questions? Talk to a Licensed Loan Officer.
The calculator gives you the math. Victor gives you the strategy — which loan structure fits your situation, what the closing costs will actually be, and which of our 20+ wholesale lenders is pricing best today for cash-out refinances.
Victor Santos
Senior Loan Officer · NMLS #888844 · 20+ Years
Originating mortgages since 2005. Cash-out refinance and debt-consolidation specialist. Personal phone & email, no callback queues, no junior reps. Quotes shopped across 20+ wholesale lenders so you see the actual best price, not one lender's offer.
What Real Clients Say
Verified Google Reviews from OnPoint Mortgage Pro clients. No edits, no curation.
Debt Consolidation Refinance: Common Questions
Is it smart to roll credit card debt into my mortgage?
Mathematically, almost always yes — you're swapping a 22% credit card APR for a 5-6% mortgage rate. The behavioral risk is running the cards back up after consolidating. The borrowers who win at this also commit to not re-accumulating the credit card balance. If you'll backslide, the consolidation can actually make things worse by extending unsecured debt into 30-year secured debt against your home.
Won't I pay more interest because the term resets to 30 years?
Possibly — on the mortgage portion alone, stretching a partially-paid loan back to 30 years means more total interest. But that calculation ignores the savings on the higher-rate debts you eliminated (HELOC, credit cards, auto). For most consolidations, the all-in lifetime cost is lower because the higher-rate debts dominated the math. Use the calculator with your own numbers to see the result for your scenario.
How much equity do I need to do this?
Conventional cash-out refinance allows up to 80% loan-to-value on a single-family primary residence. FHA cash-out goes to 80% as well. VA cash-out can go to 90-100% for eligible veterans. If your post-consolidation loan balance keeps the LTV at or below those thresholds, you qualify on the LTV side. Other underwriting (credit, income, DTI) also applies.
What are typical closing costs on a cash-out refinance?
2-4% of the new loan amount, depending on the state and lender. On a $480,000 loan that's roughly $10,000-$19,000 in total closing costs. Most clients roll these into the loan balance (handled by the optional field in the calculator above), so there's no out-of-pocket cost at closing.
Is the interest on a cash-out refinance tax-deductible?
It depends on how you use the cash. Interest on the portion used for home improvements remains deductible (subject to overall mortgage interest limits). Interest on the portion used for non-housing purposes (paying off credit cards, auto loans, personal expenses) is generally not deductible under current tax law. Talk to your CPA for your specific situation.
How long does a debt consolidation refinance take to close?
Typically 30-45 days from application to closing for a standard cash-out refinance. The biggest variables are the appraisal (1-2 weeks) and underwriting (1-2 weeks). VA and FHA cash-out can take a few extra days. Streamlined refinances (VA IRRRL, FHA Streamline) close faster but don't allow cash-out or consolidation.
What credit score do I need?
For conventional cash-out, 620 minimum but pricing meaningfully improves above 680, 720, and 760. FHA cash-out is more flexible (down to 580 with most lenders). VA cash-out has no formal minimum but most lenders apply 580-620 overlays. Higher credit scores get materially better rates — the difference between 660 and 760 on a $480k loan can be $40,000+ in lifetime interest.
Should I pay points to buy down the rate?
Depends on how long you'll keep the loan. One discount point (1% of the loan) typically lowers the rate by 0.25%, saving roughly $70/month on every $100,000 borrowed. Break-even is usually 4-6 years. If you'll keep the loan past break-even, points pay off. If you might refinance again sooner, take the par-rate option. Victor will run both scenarios for you.
Get Your Personalized Refinance Quote
Answer a few quick questions and a licensed loan officer will shop your consolidation file across 20+ wholesale lenders. Real rate sheet within one business day. No credit pull, no obligation.
Prefer to Talk to a Human?
Call during business hours, or send your quote request and a licensed loan officer will reach out within one business day with a real rate sheet.
(877) 870-0007Calculator Disclosures
This debt consolidation refinance calculator provides estimates for educational and planning purposes. Principal-and-interest calculations use the standard mortgage amortization formula. Estimates do not include property taxes, homeowners insurance, mortgage insurance, escrow impounds, or all closing costs.
Lifetime savings is computed as (current total monthly payments) minus (new monthly payment) multiplied by the new loan term in months. This is a forward-looking projection that assumes (a) current payments would continue at their current levels, (b) the new loan is held for its full term, and (c) no additional refinancing occurs. Real-world results depend on individual circumstances, how long you keep the loan, prepayment behavior, and changes in rates and tax law. The calculator is NOT a loan offer, loan estimate, or commitment to lend.
Cash-out refinancing replaces your existing mortgage with a new, larger mortgage. The proceeds can be used to pay off other debts (debt consolidation) or for any other purpose. Interest deductibility for the portion not used on home improvements is limited under current tax law — consult a tax professional. Cash-out refinance loan-to-value limits: Conventional up to 80% LTV, FHA up to 80% LTV, VA up to 90-100% LTV for eligible borrowers. Subject to credit, income, and reserves requirements.
OnPoint Mortgage Pro · NMLS #2134550 · Equal Housing Lender. Licensed in California, Colorado, Florida, Idaho, Maryland, New Hampshire, South Carolina, Texas, and Virginia. All loans subject to credit approval. Rates and program details current as of 2026 and subject to change.