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Understand the financial impact of refinancing your mortgage to consolidate high interest debt. Compare the cost of your combined existing monthly mortgage payment and debt payment to a new, refinanced monthly mortgage payment. Understand if you have enough equity in your property to refinance your existing mortgage, pay-off your high interest debt and potentially take cash out from refinancing
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While we pride ourselves on the quality and breadth of the FREEandCLEAR mortgage calculators please note that they should be used for informational purposes only. Our calculators rely on assumptions by us and inputs and assumptions provided by you, which may be inaccurate. The outputs from our calculators are estimates only and should not be used as the sole basis for making any financial decisions. Always consult multiple financial professionals when determining the mortgage size and program that is appropriate for you.