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Over 25 years of mortgage experience, ready to walk you through your numbers in 3 minutes.

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Cash-Out Refi Calculator

Model your numbers for debt consolidation, home improvement, or any major expense your equity could cover. Joe's prep AI helps you understand the inputs and surface the right scenario in 3 minutes. Joe handles the actual conversation.

AI-Powered Guide
NMLS #273084
Live transfer available

Your Current Loan

$300,000

Remaining principal on your mortgage

$50,000$6,000,000
7.000%
2.000%12.000%
25 years
1 years30 years
Current Mortgage Payment (P&I)$2,120

Debt to Consolidate

Roll high-interest debt into your mortgage at a fraction of the rate

$25,000

Credit cards, car payments, personal loans

$0$200,000
$800

Combined required minimum payments across all that debt. If most is credit card debt, your actual interest is often higher than what the minimums suggest.

$0$5,000
Your Current Monthly Outflow$2,920

Mortgage + all debt payments combined

New Loan Details

6.000%

Rate you expect to qualify for

2.000%12.000%
$6,000

Typically 2-5% of loan amount

$0$20,000
$0

Extra cash beyond debt payoff

$0$200,000
Worth Considering

Weigh the costs and benefits carefully

Total Monthly Savings

+$972

per month by consolidating into one payment

Before (mortgage + debt)

$2,920/mo

After (one payment)

$1,949/mo

Break-Even Point

7 months

Lifetime Net Cost

-$36,373

MetricCurrentNew
Monthly Payment$2,120$1,949
Interest Rate7.000%6.000%
Loan Amount$300,000$325,000
Remaining Interest$336,101$376,474
Term25 years30 years

Closing Costs: $6,000 Debt Payoff: $25,000 Total New Loan: $325,000

Analysis & Insights

By rolling $25,000 of high-interest debt into your mortgage at 6.00%, you eliminate $800/month in separate payments. Your total monthly savings is $972.

Reducing your rate by 1.00% is a significant improvement.

Your total monthly outflow drops from $2,920 to $1,949, saving you $11,662/year.

You'll recoup your closing costs in just 7 months.

Extending your loan term by 5 years may increase total interest paid. However, the monthly cash flow improvement from debt consolidation often outweighs this.

Ready to see your actual rate?

Get a personalized quote based on your credit and property. It only takes a few minutes.

Get My Quote

Want to see what happens on the call? Back to Joe's page.

Personalized GEM Mortgage cash-out quote

See what you qualify for

Share a few details with Golden Empire Mortgage, Inc. and Joe Cucchiara, NMLS #273084, to get a cash-out refinance quote.