Secured borrowing comparison

Debt Consolidation Mortgage Calculator

Compare your current mortgage and unsecured-debt payments with an illustrative mortgage that includes selected debts and any product fee added to the loan.

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A lower payment is not necessarily a saving Extending short-term debts over a mortgage term can reduce the monthly payment but increase the total amount repaid.
Important considerations
  • Unsecured debts become secured against your home.
  • Mortgage fees can increase the amount borrowed.
  • A higher mortgage balance can change the available LTV.

Compare before and after consolidation

Enter your current mortgage, select the debts to include and provide the indicative rate, term and fee for the new mortgage.

Current mortgage and property

Unsecured debts to consider

Illustrative new mortgage

Enter the annual interest rate as a %.

Enter the term in years.

Illustrative comparison

These figures compare monthly cash flow and the illustrative new repayment mortgage. They do not establish suitability or overall savings.

Payments before consolidation £0 Mortgage plus every debt payment entered
Payments after consolidation £0 New mortgage plus debts not selected
Monthly cash-flow change £0 No change calculated
Debts consolidated £0 0 debts selected
Illustrative new mortgage £0 Fee treatment included
Illustrative new payment £0 Capital-and-interest repayment basis
New loan-to-value — New mortgage divided by property value
Mortgage interest over entered term £0 Excludes any upfront fee and future rate changes
Total mortgage repayments £0 If the entered rate applied for the entire term
Do not treat the monthly reduction as a saving. Consolidating debt into a mortgage can mean paying interest over a much longer period. It also converts unsecured borrowing into debt secured against your home. Early-repayment charges, legal costs, advice fees, valuation fees and changing interest rates have not been included unless entered as the product fee.

Want to understand whether consolidation is suitable?

A regulated mortgage adviser can compare the overall cost, risks and alternatives rather than looking only at the monthly payment.

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Think carefully before securing other debts against your home. Consolidating debt may reduce your monthly outgoings but could increase the total amount repaid. Your home may be repossessed if you do not keep up repayments on your mortgage.

Important information

Consider the overall cost before consolidating debts

This calculator provides an illustrative comparison using the figures you enter. A lower estimated monthly payment does not necessarily mean that debt consolidation will reduce the total amount you repay.

Unsecured debts may become secured against your home

When unsecured borrowing is added to a mortgage, that debt becomes secured against the property. Your home could therefore be at risk if you do not maintain the resulting mortgage repayments.

The illustration assumes that:

  • The balances and monthly payments entered accurately reflect your current mortgage and selected debts.
  • Every debt selected for consolidation is added to the illustrative new mortgage.
  • The interest rate and mortgage term remain unchanged for the period illustrated.
  • Any product fee marked as added to the mortgage is included in the amount borrowed.
  • Repayments are calculated on a capital-and-interest repayment basis using simplified monthly calculations.

What the comparison does not include

The results do not include every potential mortgage cost, such as legal fees, valuation charges, broker fees, administration costs or Early Repayment Charges on an existing mortgage.

Extending short-term borrowing over a longer mortgage term may reduce the monthly payment but could substantially increase the total interest and overall amount repaid.

The calculator does not assess affordability, credit history, lender criteria or whether debt consolidation is appropriate for your circumstances.

This calculator is for illustration only and does not constitute personalised mortgage or debt advice, a recommendation or an offer to lend.

Important information: Mortgage Bridge provides information only and acts as a mortgage introducer. We do not provide mortgage advice or make lender recommendations. We can introduce you to an FCA-regulated mortgage adviser who can provide personalised mortgage advice.