Debt Consolidation
Roll high-rate debts into your mortgage.
Refinance to consolidate cards, lines, and loans. Free up monthly cashflow and save thousands in interest. Check the math before deciding.
Live math · no calculate button| Canadian semi-annual compounding · OSFI B-20| Ontario + Toronto LTT-aware| Same engine our advisors use
Your inputs
Monthly cashflow savings
$741
From rolling debts into mortgage
Total debts$38,000
Current monthly payments$955
Consolidated payment$214
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Lender-ready summary, your assumptions baked in, and a personalized note from a advisor at Mortgage Squad Advisors.
Methodology · Canadian-correct
Consolidating extends your debt over 25 years, so the lifetime interest may be higher even when monthly payments drop. We model the all-in cost before recommending.
Mortgage glossary— terms that matter for this calculator
How much can debt consolidation actually save me?
Significant. Example: $30K of credit card debt at 21% costs $6,300/yr in interest. Rolling it into a mortgage at 4.59% costs $1,377/yr — annual savings of <strong>$4,900</strong>. Plus the principal is now amortizing instead of revolving. The math virtually always works on credit-card balances above 8%.
What's the catch with debt consolidation refinancing?
About <strong>30% of consolidation files</strong> end up with the borrower back in credit card debt within 2 years. The math works; the behaviour doesn't. We require written commitment to close or lower the unsecured limits as part of every consolidation file.
Will my mortgage payment go up after consolidation?
Usually yes — the mortgage balance is larger, so the payment is higher. BUT the TOTAL of mortgage + cards + lines + car payments is typically much lower than before. The calculator above shows the all-in monthly comparison so you can see the cashflow impact.
Can I consolidate CRA tax debt into a mortgage?
Yes — most A-lenders refinance with CRA debt cleared at closing (no lien yet). B-lenders fund with active CRA balances up to 75-80% LTV. See our <a href="/cra-debt-mortgage">CRA debt page</a> for the full playbook.
What's the difference between consolidating via refi vs HELOC?
Refinance: lower rate, fixed amortization, locks in for the term. HELOC: higher rate, flexible draw + repay, no penalty to repay early. For static balances above $30K, refinance wins. For variable usage, HELOC wins. We model both on every file.