Offer
Casavo.ca (Mortgages / HELOC / Refinancing)
Available: CA
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Calculator
Debt Consolidation Calculator
Enter your current debts and a proposed consolidation loan to see whether consolidation lowers your total cost — not just your monthly payment.
Enter your figures above to see the result.
Assumptions
Fixed rate for the whole term; no fees, insurance or taxes unless a field says otherwise. Results are estimates, not offers.
See what you qualify for
You have the numbers. The next step is an actual offer from a licensed lender or partner.
How this calculator works
The calculator sums the total cost of your existing debts at their present payments, then computes the total cost of a single consolidation loan. The comparison that matters is the difference in total cost, and the time it takes for the monthly saving to recover any fees paid up front.
A lower monthly payment is not evidence of saving. If the consolidation loan runs longer than the debts it replaces, the payment falls while the total rises. The break-even months figure in the output is the honest measure.
Find out what you qualify for
One short form, passed to a licensed lender or matching partner. Free, with no obligation to accept an offer.
loanwolf.ca is not a lender. We do not make credit decisions, set rates, or guarantee approval. The lowest rates are only available to the most qualified applicants.
What this result means
The figures above are arithmetic, not an offer. A lender's actual rate, payment and total cost depend on its own underwriting, on your credit profile and on your province. The lowest rates are only available to the most qualified applicants.
loanwolf.ca is not a lender. We do not make credit decisions or set rates. If you want to see what a lender would offer, you can choose your loan type.
About debt consolidation loans
Frequently asked questions
Does consolidating debt always save money?
No. It saves money when the new total cost of borrowing is lower than the debts it replaces over the same period. A longer term can make the total higher even when the monthly payment is lower.
Should I consolidate debt onto my home?
Secured consolidation usually carries a lower rate because your home is the collateral. It also means a payment problem could cost you the home. That is a genuine change in risk, not just a rate decision.
What happens to the accounts I pay off?
Many people leave them open and rebuild the balances, ending up with both the consolidation loan and new card debt. Closing the paid-off accounts, or setting a hard limit, is what makes consolidation work.
Is this calculator free to use?
Yes. Every calculator on loanwolf.ca runs in your browser and is free. Nothing you type is sent to us or stored.
Does the result guarantee what a lender will offer me?
No. The output is an estimate based on the figures you enter. Actual rates, payments and approval are decided by the lender.
The lowest rates are only available to the most qualified applicants — what does that mean?
It means the best advertised pricing is reserved for borrowers with the strongest credit profiles, income and debt-service ratios. Most borrowers are offered something different.
Sources
- Financial Consumer Agency of Canada — Government of Canada
- Criminal Code s. 347 — criminal rate of interest — Justice Laws Website
- Payday Lending Regulations SOR/2024-114 — Canada Gazette