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Debt Consolidation Calculator: Estimate Your Monthly Savings

Use our free debt consolidation calculator to see whether combining your credit cards, loans, and other debts into one mortgage payment could reduce what you pay each month. Explore your options before speaking to an advisor.

30 sec to complete

See Your Savings in Under 2 Minutes

Three Simple Steps to Calculate Your Savings

We’ve kept things simple with three super easy steps. Here’s what happens when you use our debt consolidation calculator:

Mortgage Details

Enter some basic details about your current mortgage and any debts you’re paying off so we can see what you’re paying each month now.

Calculation Runs

The calculator models a scenario using your details and current market data.

View Your Results

You’ll get an instant estimate showing how much you could potentially save each month with a debt consolidation remortgage.

What is a Debt Consolidation Calculator?

A debt consolidation calculator is a tool that helps you compare what you're currently paying across multiple debts, such as credit cards, personal loans, car finance, and overdrafts, with what a single monthly mortgage payment might look like if you were to consolidate them.

By entering your current mortgage details alongside your outstanding debts, you can get a quick estimate of whether consolidating could lower your monthly outgoings. It's designed as a starting point rather than formal advice, giving you the information to decide whether it's worth having a conversation with a mortgage advisor.

Learn more about debt consolidation mortgages →

Ready to see what you could save?

Start your calculation and get an estimate of your monthly savings with our debt consolidation calculator.

See Your Estimated Savings

What Debts Can I Include in the Calculation?

You can include most debts such as: credit cards, store cards, personal loans, car loans and secured (2nd and 3rd charge) loans.

When using the calculator, enter an estimate of your overall balance across these debts and what you pay out each month servicing these debts. Our experienced advisors will then help you decide which debts make sense to consider consolidating during the process.

Credit Cards and Store Cards

Personal Loans

Car Loans & Hire Purchase Agreements

Secured Homeowner Loans

How the Debt Consolidation Calculator Works

The calculator takes your property value, current mortgage balance, interest rate, and remaining term. It then factors in each debt you want to consolidate to estimate what your new combined mortgage payment could be.

It works by calculating what a new mortgage would look like if the total of your debts were added to your existing mortgage balance, spread across your chosen mortgage term at a typical consolidation rate. The result shows your estimated new monthly payment alongside your current combined outgoings, so you can see the potential difference at a glance.

Bear in mind that this is an illustrative estimate. The actual rate and terms you're offered will depend on your individual circumstances, the lender, and their criteria. Our advisors can provide a personalised illustration once they've reviewed your situation.

A guide on combining multiple debts into one →

You could potentially save with our bespoke Debt Consolidation Calculator

We have helped hundreds of happy clients to achieve their goals by streamlining their finances into one simple manageable mortgage payment.

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What the Calculator Can't Tell You

While this tool is handy, there are some things it can’t do:

Confirm whether a lender will approve your debt consolidation mortgage
Check your credit
Confirm final rates or fees, it can only provide estimates
Assess your suitability or advise if consolidation is the best option for your situation

All of the above is why we always recommend speaking to an advisor after you’ve got your results. They can help you interpret the results and guide you on what may be the best option for you.

Some Things to Keep in Mind

As with any mortgage, it's important to consider any potential drawbacks along with the positives.

LTV Increase

Taking out a higher mortgage means your Loan-to-Value (LTV) will increase. This can have implications for your next remortgage and the types of rates and deals that are available to you.

Overall Cost of Borrowing

Be aware that you may be stretching the repayment of these debts over a longer term, which may work out more costly in the long run.

Assess all Options

It's important to work closely with your mortgage or financial advisor to assess all of the available options before committing to a debt consoldation remortgage

All of the above is why we always recommend speaking to an advisor after you’ve got your results, as they can help you interpret the results and guide you on what may be the best option for you.

You've Got Your Results - What's Next?

Calculating your possible savings is just the first step. Once you’ve understood them and noted down any estimated savings, we would recommend talking to one of our mortgage advisors to see if a consolidation mortgage is suitable for you.

Our mortgage experts will help you compare options and check what different lenders will offer you.

For more information, check out our guide on how to consolidate debt into a mortgage.

How To Consolidate Debt Into a Mortgage

Frequently Asked Questions

Yes, the calculator can show whether you might save money on a monthly basis as it compares what you’re currently paying with an estimated new mortgage payment.

No, using the calculator won’t affect your credit score at all as it doesn’t run a credit check or share your details with lenders.

No, it’s purely an estimate based on the information you enter. For proper financial advice, get in touch with one of our mortgage advisors.

They’re a good guide or starting point, but real mortgage offers can differ depending on things like your circumstances, credit profile, and lender criteria.

Think carefully before securing other debts against your home. If you are thinking of consolidating existing borrowing you should be aware that you may be extending the terms of the debt and increasing the total amount you repay. Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it. You may have to pay an early repayment charge to your existing lender if you remortgage.