Debt and savings
Debt consolidation
Rolling your debts into one payment: what it changes each month, and in total.
A consolidation backed by the home borrows at a mortgage rate; a personal loan costs more, a card more still. Enter the rates on YOUR debts: the comparison runs on your file, not on market averages.
Over how many months the consolidation loan is repaid. Sixty months — five years — is the common term. The shorter it is, the higher the payment and the less interest you pay overall.
Optional. Enter it to compare a second scenario: folding the debts into the mortgage rather than into a consolidation loan.
Rates posted by Multi-Prêts Hypothèques — collected on September 9, 2026. Some conditions apply. Subject to change without prior notice. Rates may vary according to the amount borrowed, your credit rating, guarantees offered and other factor. Please refer to your Multi-Prêts broker for more information.
Fill in the fields to see the result.
Enter the rate of the consolidation loan you are offered.
These results are provided for illustration only. They apply the Canadian mortgage rules and the Quebec schedule in force, but they are not an offer of financing nor investment advice: the actual rate, amortization and terms depend on your file and on the lender chosen, and are subject to change. For a firm answer, talk to a broker.
Does that number work for you? A broker will confirm it with a real lender. In most files our compensation comes from the lender — if it were ever otherwise, your broker tells you before anything moves.
What the number does not tell you
A consolidation secured by the home is generally the cheapest: it borrows at a mortgage rate where a card charges card rates. But it changes what the debt is attached to: what rested on nothing now rests on the house. On default, it is no longer your credit score that answers, it is the property. That is a legitimate trade-off, provided it is made with eyes open.
Beware the lighter-payment trap: spreading the same debt over sixty months instead of twenty-four lowers the month and raises the total paid. The calculation above shows both figures side by side for that reason. A successful consolidation comes with one simple rule — the cards you paid off get closed, or the balance is back within eighteen months.