🍁 Debt Consolidation Calculator

Debt Consolidation Calculator

Compare debt consolidation options and potential savings

Current Debts

Enter your current debt information

Debt #1

Debt Name

Balance (CAD)

Interest Rate (%)

Minimum Payment (CAD)

Debt #2

Debt Name

Balance (CAD)

Interest Rate (%)

Minimum Payment (CAD)

Consolidation Loan Rate (%)

Loan Term (Months)

About this tool

Model consolidating higher-interest debts. Savings depend on the new rate, fees, and repayment discipline.

How to use it

List current debts and rates.
Enter a consolidation offer and compare totals.

Frequently asked questions

Will consolidation hurt my credit?: Opening new credit or closing accounts can affect scores short-term. Focus on sustainable payoff and on-time payments.

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Browse all calculators in the Canadian finance tools directory, or read Canadian investing news.

Educational estimates only — not financial, tax, or legal advice. Rules and rates change; verify with official sources and qualified professionals before making decisions.