Debt consolidation calculator
One payment. A clearer comparison.
Compare what you pay today with a proposed loan. See the monthly payment, time to repay and full borrowing cost together. All amounts are in Canadian dollars.
How this estimate works
Rates remain fixed. Interest is calculated monthly at the annual rate divided by 12 and rounded to the nearest cent. Payments occur at month-end, with no new borrowing, missed payments or extra repayments. A final payment may differ slightly.
Current debts keep the fixed payments you enter. Payments are not redirected when a debt is cleared. The current monthly total therefore falls over time. Current debts taking more than 600 months to repay are not assigned a total cost.
Fees entered are counted once. Financed fees also accrue interest; upfront fees are included in the total outlay. Insurance premiums and other costs are excluded unless you enter them as fees. Daily interest, variable or promotional rates and lender-specific rounding may produce different results.
This is an educational estimate, not a loan offer, approval or recommendation. Centerpointe Financials provides planning guidance, not lending or insolvency services. Read the Financial Consumer Agency of Canada’s consolidation guidance or explore debt consolidation planning.