Best Mortgage Debt Consolidation Calculator

How Much Can You Save by Consolidating Your Debts?

You may be able to save hundreds, or even thousands, of dollars in interest expense by taking out a home equity loan or refinancing your mortgage to pay off your high interest rate consumer debts such as credit card bills, car payments, etc. And best of all, mortgage and home equity loan interest expense is TAX DEDUCTIBLE! Consumer debt interest expense (auto loans, credit cards, personal loans, etc.) can NOT be deducted on your federal income tax return.

The calculator form below will show you how much money you could save by consolidating your debts into a new, tax-deductible lower interest rate loan.

Enter the debts you plan to pay off (mortgage, auto loans, credit cards, personal loans, etc.) then enter your proposed new loan information. Remember, if you want to keep your current mortgage, do not enter it into the debts to pay off. If you plan to pay off only your consumer debts, use the default loan settings for a home equity loan. If you want to refinance your mortgage AND pay off your consumer debts, click here to check current loan rates, then enter the interest rate, term and "points" (if any) for the new loan you would be getting.

NOTE: This form is intended for ILLUSTRATIVE PURPOSES ONLY! For a more accurate, personalized debt consolidation plan, please call us at (425) 746-1310 or email: info@bestmortgage.com

Note: When entering numbers into the data fields use only numbers and decimal points. DO NOT enter commas, dollar signs, or any other non-numeric characters or it will cause an error. Also, you must have JavaScript enabled on your browser.

Debts to Consolidate
Debt Type	Amount Owed	Monthly Payment




(Do NOT include your mortgage if you are only consolidating consumer debts)

Savings with a new Debt Consolidation Loan
Enter the Interest Rate of your new loan:
Enter the Loan Term (in years):
Enter the Closing Costs : (Select "percentage points" if you are paying points to get a lower rate and/or enter $2,800 for estimated closing costs.)
Would you like to finance the closing costs?

Your new monthly payment with debt consolidation loan:
You SAVE this amount per Month:
Your "Break Even Point" (number of months for payment savings to offset closing costs):

Click here to apply online for a Debt Consolidation Loan Now!

Remember, this form is intended for ILLUSTRATIVE PURPOSES ONLY! For a more accurate, personalized debt consolidation plan, please call us at (425) 746-1310 or email: info@bestmortgage.com

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