CASH-OUT & DEBT CONSOLIDATION
Cash-out refinance & debt consolidation calculator.
Compare a new mortgage with your current loan and the debts you plan to pay off. All starting values are editable examples.
An 80% starting target is an editable assumption, not a confirmed lender limit. The interest rates are examples, not market quotes.
YOUR ILLUSTRATIVE COMPARISON
Before changes to taxes, insurance, mortgage insurance, or HOA dues.
- Current mortgage principal & interest
- $2,701
- Debt payments being replaced
- $900
- New mortgage principal & interest
- $2,889
- New mortgage balance
- $457,000
- Balance increase vs current mortgage
- $57,000
- New loan-to-value ratio
- 60.9%
- Term remaining → new term
- 25 → 30 years
- New mortgage interest over full term
- $582,878
The interest total assumes every scheduled payment is made and excludes other costs. This is not a comparison of lifetime debt costs; the remaining terms and rates of your other debts are not modeled.
Home equity planning for Seattle and nearby communities
Considering a cash-out refinance in Seattle, Edmonds, Bothell, or a nearby community? Use your current balance and a realistic property-value estimate to start. This is a planning calculation, not an appraisal or a promise of available equity.
King County refinance planning · Snohomish County refinance planning
More than a monthly payment
Compare a separate HELOC payment or calculate refinance break-even before choosing a new loan.
Before choosing a refinance, compare closing costs and your break-even period. You can also request a personal Loan Estimate comparison.
This planner assumes one fixed-rate cash-out refinance pays off the entered mortgage and debt balances and finances the entered closing costs. It does not model a HELOC, an adjustable rate, or multiple property liens.
A longer term can lower a payment while extending repayment. Paying off unsecured debt with money borrowed against your home changes the collateral securing that debt. Confirm payoff amounts, fees, taxes, insurance, mortgage insurance, and program eligibility with your loan officer.
CFPB: Understanding borrowing against your home ↗