Debt consolidation calculator
Estimate how your monthly cash flow could change if you rolled credit cards, loans and lines of credit into a refinanced mortgage.
Mortgage rules last reviewed: September 29, 2026
Estimated prepayment penalty, legal and appraisal costs.
- Total debt rolled into the mortgage
- $60,000
- New mortgage
- $462,000
- New mortgage payment
- $2,658
- Current total monthly payments
- $4,079
- Loan-to-value after refinancing
- 51.3%
For illustration only. Not a rate quote, approval or pre-qualification.
How this is calculated
- Stretching short-term debt over a long amortization lowers the monthly payment but can raise the total interest you pay. Putting the cash flow you gain toward the mortgage avoids that.
- A refinance is re-qualified at today's stress-test rate, so approval depends on your income, credit and the lender. Costs are estimates.
Calculator disclaimer
Calculators are provided for general informational and illustrative purposes only.
Results are estimates and may not reflect lender-specific qualification requirements, mortgage-insurance premiums, taxes, fees, available products, payment calculations or other transaction costs.
Calculator results do not constitute:
- Mortgage approval
- Pre-approval
- A rate commitment
- A lending commitment
- Financial advice
- Tax advice
- Or legal advice
Mortgage rules, rates and lender requirements can change.
For advice about your specific circumstances, speak with the appropriate licensed professional.
But how does this apply to your business income?
This calculator estimates the numbers you entered. How a lender treats your salary, dividends or business income is a separate question, and it's the one the Mortgage Readiness Review looks at first.