Debt consolidation calculator

Consolidating swaps several debts for one loan, ideally at a lower rate. It saves money only if the rate and fees beat what you pay now.

Assumptions

Uses one blended rate for current debts; monthly compounding.

General information, not financial advice. This calculator gives rough estimates from simplified assumptions. It does not know your full situation. Check with a qualified professional and the official sources before making decisions.

Sources

FCAC (Canada.ca): Improving your credit score

Figures checked October 16, 2026. Rules and limits change; confirm with the source before acting.