Debt Consolidation Calculator
See how much you could improve your monthly cashflow by rolling your existing debts into a single, lower-rate home loan.
1Your existing home loan
2Other debts to consolidate
3Refinance to a better rate
Estimated Cashflow Summary
Current Total Repayments
$3,686 /mo
Home loan + existing debts
New Consolidated Repayment
$2,635 /mo
Rolled into your new home loan
Total Estimated Monthly Savings
$1,051
That's $12,612 a year back in your pocket.
Frequently Asked Questions
What is debt consolidation?
Debt consolidation involves rolling multiple high-interest debts (like credit cards, personal loans, or car loans) into a single, lower-interest loan — usually your home loan. This leaves you with just one manageable monthly repayment.
How does it work?
If you have equity in your home, you can refinance your existing mortgage to access that equity. The lender uses the released equity to pay off your other smaller debts. Because home loan interest rates are typically much lower than credit card or personal loan rates, your minimum monthly cash outflow usually decreases significantly.
This calculator provides estimates only and does not constitute financial advice. Actual rates, fees, and savings may vary. Speak with a qualified mortgage broker to explore your specific options.