Florida Homes & Loans | FHL Mortgages

Blended Rate Cash-Out Refinance Calculator

See whether rolling high-interest credit cards, personal loans, auto loans, or other monthly debts into a cash-out refinance may lower your overall blended interest rate, reduce monthly bills, and simplify your path forward. The sample refinance rate is prefilled using a national cash-out refinance estimate for a 30-year fixed scenario with a 680-699 FICO score.

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Why a blended rate matters

A homeowner may have a low mortgage rate but still be paying much higher rates on credit cards, personal loans, or other debts. This calculator compares the combined interest rate across all debts against a possible cash-out refinance scenario.

  • Combines multiple payments into one mortgage payment.
  • May reduce the blended interest rate when high-interest debt is paid off.
  • May improve monthly cash flow.
  • Can be more powerful when the monthly savings are applied back to principal instead of spent.

Debt Consolidation Refinance Calculator

Enter the current mortgage, monthly debts, and estimated refinance terms. Results are estimates and compare the first 10 years of interest under both scenarios. The default refinance rate is a sample national cash-out refinance estimate and should be replaced with actual pricing before relying on the result.

1. Current Mortgage

Used to estimate new loan-to-value.
Leave blank to estimate from balance/rate/term.

2. New Cash-Out Refinance Terms

Sample default rate: 7.45% is prefilled as a national sample cash-out refinance APR estimate for a 30-year fixed refinance with a 680-699 FICO score. This is not a quote, lock, loan estimate, or commitment. Actual pricing may be higher or lower based on credit, LTV, occupancy, property type, loan amount, points, market conditions, and underwriting.
Prefilled sample: 7.45% for a 30-year fixed cash-out refi with 680-699 FICO. Update with actual pricing.
This shows what happens if the monthly cash-flow savings are paid back toward the new mortgage as extra principal instead of being spent.

3. Current Debts to Pay Off

Add credit cards, personal loans, auto loans, or other debts that may be paid off through the cash-out refinance.

Debt Name Balance Interest Rate / APR Current Monthly Payment Remove
Current Blended Rate — Mortgage + listed debts weighted by balance.
New Loan Amount — Estimated LTV: —
Monthly Cash Flow Change — Current vs. new P&I only.
10-Year Interest Difference — Estimated current interest minus refi interest.
Current Monthly Bills — Current mortgage P&I + listed debt payments.
New Monthly P&I — Taxes, insurance, HOA, MI, and escrow changes not included.
Debt Being Paid Off — Debt-only blended rate: —
Disciplined Payoff Option — Apply monthly savings as extra principal.
Tip: The biggest benefit usually comes when high-interest debts are paid off and the homeowner does not run those debts back up again. Use the calculator to compare payment relief and 10-year interest, then ask FHL Mortgages to review the full loan estimate.

Calculator disclaimer: This calculator is for educational purposes only. Results are estimates and do not constitute a loan approval, commitment to lend, loan estimate, interest rate quote, financial advice, tax advice, or legal advice. Actual eligibility, rates, terms, cash-out availability, loan-to-value limits, mortgage insurance, closing costs, escrows, and monthly payments vary based on loan program, credit profile, income, property type, occupancy, appraised value, underwriting guidelines, and market conditions.

Rate disclaimer: The default 7.45% refinance input is a national sample cash-out refinance APR estimate for a 30-year fixed refinance scenario with a 680-699 FICO score. It is used only as a starting point for this calculator. It is not a quote, rate lock, loan estimate, or guarantee of terms. APR and note rate are not always the same, and the actual payment will be based on the final note rate, loan amount, loan program, fees, points, escrows, and underwriting approval.

Consolidating debts into a mortgage may lower monthly payments or reduce the blended interest rate, but it may also increase the total amount paid over time if the debt is repaid over a longer mortgage term. Credit card and personal loan debt may become debt secured by your home. If you do not make your mortgage payments, you could lose your home.

Real estate services are offered through Florida Homes & Loans Inc. Mortgage financing is offered through FHL Mortgages. NMLS #2295908. Equal Housing Opportunity.