Debt Consolidation Calculator

Debt Consolidation

Debt Consolidation Calculator

See how much you could save each month by rolling high-interest debt into a private mortgage.

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Estimated Loan-to-Value After Consolidating57%
Current Monthly Interest
$550
On your existing debt
New Monthly Payment
$258
Interest-only, consolidated
Estimated Monthly Savings
$292
Plus one payment instead of several
Total Mortgage Amount$34,375

The new mortgage is grossed up to cover your fees, so the full amount above pays off your debt.

Illustrative Rate (New 2nd Mortgage)8.99%

Starting rate shown for your selections — not guaranteed. Your actual rate depends on location, property type, condition and the full details of your file.

Lender Fee (2%)$688
Broker Fee (2%)$688
Estimated Legal Fees (Lender)$2,500
Estimated Appraisal Fee$500
Total Estimated Fees$4,375

Your own independent legal representation is a separate cost and is not included above.

Get an exact quote

A NOW Mortgage specialist will review your file and confirm real numbers — no obligation.

Please enter your first name, a valid phone number, and confirm consent to continue.

Illustration only, not a commitment to lend. Rates, fees, terms, maximum LTV and loan amounts vary by lender, borrower, credit profile, property, location and file details. Financing is subject to lender approval, property assessment and final documentation. OAC.