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Debt Consolidation Calculator

  • 30 sec to complete
Use our free debt consolidation calculator to get an idea of whether rolling your existing debts into your mortgage could save you money each month. If you’re juggling credit cards, loans, or other unsecured debts, this tool lets you compare what you’re paying now with a potential single mortgage payment.

It’s not designed to give you advice, we developed it to help you decide if debt consolidation is feasible for you. That way, you can explore your options before speaking to a mortgage advisor.
  • Quick and easy to use
  • See what you could save
  • Consolidate loans and credit cards
  • Updated with the latest rates
See your Personalised Savings below
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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.

What is a debt consolidation calculator?

A debt consolidation calculator is a useful tool to help you understand the potential financial impacts of combining multiple debts into one payment.

By entering a few details about your current mortgage and debts, it estimates what your monthly outgoings might look like if those debts were combined into your mortgage.

Our calculator focuses on mortgage debt consolidation to help homeowners understand possible outcomes.
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How the debt consolidation calculator works

We’ve kept things simple with three super easy steps. Here’s what happens when you use the calculator:
1
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.
2
Calculation Runs
The calculator models a scenario using your details and current market data.
3
View Your Results
You’ll get an instant estimate showing how much you could potentially save each month with a debt consolidation remortgage.
Let's Start!

What debts can I include in the calculation?

You can use it for most common unsecured debts, such as:
Credit Cards and Store Cards
Personal Loans
Hire Purchase Agreements
Secured Homeowner Loans
If you’re unsure whether something can be included, speak to one of our advisors.
Speak to an Advisor

You could potentially save £££ per month 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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“Absolutely fantastic service. Found me a re-mortgage releasing equity to clear some debts. I will definitely be back when I’m next looking for a mortgage.
Kerrie, 8th May 2024

What do the results tell me?

Your results show a possible monthly repayment if your debts were rolled into your mortgage. It’s important to note that any savings shown are an estimate, not a guarantee.
Some key points to keep in mind:
1
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.
2
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.
3
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
Learn more about Debt Consolidation

Important things 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, as they can help you interpret the results and guide you on what may be the best option for you.
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What to do with your results

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.

Perks of working with Proper Advice

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Weekly review of your interest rate
During your application we review your rate weekly to make sure you complete on the best interest rate possible.

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