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Refinance & debt consolidation calculator

In Canada you can refinance up to 80% of your home's value. Enter your mortgage and other debts to see how consolidating could free up monthly cash flow and lower your interest costs.

Your home & mortgage

We can refinance up to 80% of your home's value.

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Home equity line of credit (HELOC)

Do you have a Home Equity Line of Credit currently against this home?

Other debts to consolidate

Credit card & line-of-credit payments are estimated at 3% of the balance per month. Use the buttons to add as many of each as you need.

Credit cards payment = 3% of balance
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Lines of credit payment = 3% of balance
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Vehicle loans
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Student loans
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Other debt
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Your new mortgage

These are general market rate options. Your actual rate could be lower based on your full application, and rates can change or be higher depending on the lender. Submit your numbers to connect with the Mortgage Momentum team for the best rate and to lock in your savings.

Available to refinance (80% of value)
Maximum new mortgage$0
Room after mortgage & HELOC$0

Your New Mortgage Opportunity

Total debt$0
Monthly payments$0
Interest cost / year*$0

After refinancing

New mortgage$0
Debt consolidated & cleared$0
Debt left outside mortgage$0
Monthly payments$0
Interest cost / year*$0
Monthly cash flow freed
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Cash flow saved per year
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Estimated interest saved in year one*
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Your total savings in one year
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If you want these savings in one year:
Send these numbers to Mortgage Momentum

*Interest figures are estimated annual interest at the rates shown, for comparison only. Consolidating debt into a mortgage spreads it over a longer amortization, so while your monthly cost and interest rate usually drop, total interest over the full term depends on how quickly you repay. The one-year total adds your annual cash-flow saving and estimated first-year interest saving; these measure different things and are combined for illustration. This tool is not an approval or offer.

Want us to take it from here?

Send your numbers to the Mortgage Momentum team and we'll follow up with a real, personalized plan, at no cost and no obligation.

Your calculator inputs and results are included so we can prepare your plan. Light contact details only, no banking info or documents.

Good to know

Refinance & debt consolidation FAQs

How much can I refinance my mortgage for in Canada?
You can generally refinance up to 80% of your home's appraised value, minus what you still owe. That available room is what you can use to consolidate debt or access equity. This calculator shows your 80% maximum and how much room you have after your current mortgage and any HELOC.
How does consolidating debt into a mortgage work?
High-interest debts like credit cards (often 19.99%) and lines of credit are rolled into your mortgage at a much lower rate and one predictable payment. Because the mortgage rate is a fraction of card rates, your monthly payments and interest cost usually drop sharply, though the balance is spread over a longer amortization.
Will refinancing to consolidate debt lower my monthly payment?
Usually, yes, replacing several high-rate payments with one lower-rate mortgage payment typically frees up monthly cash flow. The calculator shows your before-and-after monthly payments and the cash flow freed each month and per year.
Is there a penalty to refinance before my term ends?
If you break your current term early there can be a prepayment penalty, and big-bank penalties in particular can be large. Estimate it with our mortgage penalty calculator, then weigh it against the savings with the early renewal calculator. We confirm your exact payout before you commit.
Does consolidating debt actually save money overall?
It lowers your interest rate and monthly cost, but spreading debt over a longer amortization means total interest depends on how quickly you repay. The smart play is to keep paying close to your old total each month so you clear the consolidated debt faster, we'll help you structure it.

Curious what you could save?

Let's turn these estimates into a real plan. Get a quick quote or call us directly.

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