Calculator
Debt Consolidation Calculator
See how consolidating your credit cards, loans, and lines of credit into your mortgage could save you thousands and free up monthly cash flow.
Mortgage Information
Debts to Consolidate
Debt #1
Debt #2
Debt #3
New Mortgage Details
Additional Information
Debt-Free Comparison
Current plan
August 2051
After consolidation
August 2056
While your mortgage amortization may be longer, consolidating debt can significantly reduce your monthly payments. Applying the monthly savings as extra mortgage payments can shorten the amortization and reduce total interest over time.
Interest Comparison
Current debt interest (to payoff)$29,315.20
Consolidated portion in new mortgage$52,037.24
Estimated interest savings$0.00
Ontario Qualification Snapshot
| Available equity | Yes |
| Loan-to-value | 57.5% |
| New mortgage required | $489,000.00 |
| Equity used | $64,000.00 |
| Estimated qualification | Subject to lender approval |
Results are estimates only and do not constitute a mortgage approval. Actual savings, rates, qualification, and available equity depend on lender guidelines, property value, income verification, credit history, and other underwriting requirements.