The below shows you the single average rate you're really paying across everything you owe — credit cards, auto loans, personal loans, your mortgage, all combined into one number.  It's found by taking a weighted average of each debt's rate, weighted by its outstanding balance.  This gives you a true picture of what your debt is actually costing you overall, and makes it much easier to compare that against a single new loan — like a cash-out refinance — to see whether consolidating would genuinely save you money.