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When consolidating debt into your mortgage makes sense
It is cheaper. It is also longer. Both facts matter.
Rateshop Team · Jul 11, 2026 · 4 min read
Moving a $60,000 card balance from 22% to 4.5% cuts the monthly interest from roughly $1,100 to $225. That part is not complicated.
The honest downside
You have converted unsecured debt into debt secured against your home, and stretched it over an amortization measured in decades. The interest rate fell; the total interest paid can still rise if you take the full amortization.
The rule that makes it work
Keep paying the old payment. Consolidate to 4.5%, then direct the money you were paying at 22% against the new balance. You clear the debt in a fraction of the time and the arithmetic stays firmly in your favour.