Debt Consolidation Mortgage Calculator

Estimate the payment and interest effect of folding higher-interest debts into your mortgage or home equity. This is an estimate to help you plan, not an offer, approval, or guaranteed saving, and it is a mortgage tool, not an insolvency tool.

Since December 2021, HB Mortgage Centre has funded over $1 billion in mortgages through more than 50 lenders.

Written by the HB Mortgage Centre team. Reviewed by Hardeep Batoo, Principal Broker (licence M13002408). HB Mortgage Centre is an FSRA-licensed brokerage (#13449). Last updated: June 23, 2026.

See your consolidation options →debt consolidation mortgage

Consolidation Payment and Interest Estimator

Your Current Debts

Debt 1

Balance ($)

Interest Rate (%)

Monthly Payment ($)

Debt 2

Balance ($)

Interest Rate (%)

Monthly Payment ($)

Mortgage and Home Details

Current Mortgage Balance ($)

Home Value ($)

New Consolidated Rate (%)

New Amortization (years)

Estimated Results

Combined Current Payments

$2,812/mo

Existing mortgage + all listed debts

New Consolidated Payment

$2,533/mo

Single payment at 5.5% over 25 yrs

Estimated Monthly Savings

+$278/mo

Monthly payment difference

Total Interest Over Amortization

$344,937

+$4,842 more vs current path

Lower payment, higher total cost

A lower monthly payment here comes from spreading the debt over a longer amortization. Your estimated total interest paid increases by $4,842. Review both numbers before deciding.

This is an estimate only. Subject to qualification. Not an offer or approval. Uses Canadian semi-annual compounding convention.

This is an estimate only. Subject to qualification. Not an offer or approval.

Estimate only. Mortgage and home-equity tool, not an insolvency process. A lower payment can mean more total interest over a longer amortization. Not an offer, approval, or guaranteed saving. Subject to qualification.

How to use it

Enter your current debts and your mortgage details, then a consolidated rate and amortization. The estimate shows the new monthly payment and, importantly, the total interest over time. A lower payment is not always a lower total cost.

The honest trade-off

Consolidating into your mortgage can lower your blended rate and your monthly payment. But spreading the debt over a long amortization can increase the total interest you pay, even at a lower rate. Look at both numbers before deciding.

Not an insolvency tool

To be clear, this is a mortgage and home-equity estimate. It is not a consumer proposal, a debt settlement, or any insolvency process, and it does not reduce what you owe.

What it does not do

This calculator does not approve you or guarantee a saving. Treat the comparison as a planning estimate, not a decision: whether consolidating works for you depends on your equity, your credit, and the lender.