USE A CASH-OUT REFI
Debt Consolidation
Calculator
Compare your current mortgage and monthly debt payments with a Texas cash-out refinance designed to consolidate selected debts into one new home loan.
BUILD YOUR SCENARIO
Debt Consolidation Plan
CURRENT POSITION
Home & Existing Mortgage
DEBTS TO CONSOLIDATE
Balances, Rates & Payments
Enter only the debts you are considering paying off with refinance proceeds. Each payment is removed from the current monthly-debt stack in the comparison.
NEW LOAN SCENARIO
Cash-Out Refinance Assumptions
TX HOMESTEAD CASH-OUT LTV LIMIT
This calculator caps the modeled new loan at 80% of estimated home value.
It is a planning screen, not an eligibility determination. Actual Texas home-equity requirements, liens, value, seasoning, title, lender rules, and closing figures must be confirmed.
COMPARISON PERIOD
How Long Should We Compare?
The cost comparison estimates financing interest over the selected period. It does not predict future rates, tax consequences, property values, or changes in spending behavior.
ESTIMATED MONTHLY CASH-FLOW CHANGE
Current mortgage P&I plus selected debt payments compared with the estimated new mortgage P&I.
GOLDEN OAK INSIGHT
Compare cash flow with total borrowing cost.
A lower monthly payment can improve cash flow, but extending short-term consumer debt over a longer mortgage term can increase total interest and converts debt that may be unsecured into debt secured by your home.
FINANCING COST OVER SELECTED PERIOD
$0
TEXAS EQUITY CHECK
Does the Consolidation
Fit the 80% Limit?
The modeled loan includes the current mortgage balance, selected debt payoff, optional additional cash, and financed closing costs.
SIDE-BY-SIDE
Monthly Relief Is Only
One Part of the Decision
Use the comparison to see what changes immediately and what may change over time.
KEEP CURRENT STRUCTURE
$0/mo
CASH-OUT CONSOLIDATION
$0/mo
OFFICIAL RESOURCES
Understand Cash-Out
Refinancing
TEXAS CONSTITUTION
Texas Homestead & Home-Equity Requirements
Review the governing Texas constitutional provisions for homestead-secured home-equity lending.
CONSUMER FINANCIAL PROTECTION BUREAU
Cash-Out Refinancing & Non-Mortgage Debt
Read CFPB research on how cash-out borrowers use proceeds to pay down other debts and the risks involved.
CONTINUE PLANNING
Look at It
From Another Angle
YOUR PLAN DESERVES A PERSONAL REVIEW
We Can Help.
We can compare the cash-flow benefit, the new lien balance, the financing cost, and alternatives that may preserve your existing mortgage before you decide how to use your equity.
For educational and planning purposes only. This calculator does not provide a loan quote, approval, legal advice, tax advice, or a determination that a transaction qualifies under Texas law or any lender program. Calculations use the figures entered and simplified amortization assumptions. Actual mortgage payoff figures, debt payoff amounts, interest, closing costs, title charges, property value, loan-to-value, eligibility, underwriting, and terms may differ. Consolidating non-mortgage debt into a mortgage can convert debt that may be unsecured into debt secured by your home and may extend repayment over a longer period.