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Debt Consolidation Savings Calculator

See how combining multiple debts into one loan could change your repayments.

Our Debt Consolidation Calculator helps you compare your current debts with a consolidated loan scenario. Enter your balances, interest rates and repayments to get an estimate of how your overall repayment position may change.

It can help you understand whether combining eligible debts into one loan may be worth reviewing.

What is debt consolidation?

Debt consolidation involves combining multiple debts into a single loan.

This may include eligible personal loans, car loans or credit card balances. Some borrowers also consider consolidating eligible debts into their home loan.

The aim is usually to simplify repayments and review the overall cost of the debt.

A lower repayment does not always mean a lower total cost. Extending short-term debt over a longer loan term can increase the amount of interest paid over time.

What does the debt consolidation calculator compare?

The calculator can help you review:

  • your current debt balances
  • current interest rates
  • existing repayments
  • your combined monthly repayments
  • an estimated consolidated repayment
  • the potential difference in repayments
  • the estimated interest cost over the selected loan term

The result is an estimate only. Your actual options will depend on your financial circumstances and lender requirements.

Which debts may be consolidated?

Depending on the lender and your circumstances, debt consolidation may include eligible:

  • credit card balances
  • personal loans
  • car loans
  • store finance
  • other consumer debts

Not every debt can or should be consolidated.

The interest rate, remaining term, fees and total cost of each debt should be considered before making changes.

Can debt be consolidated into a home loan?

Some homeowners may be able to consolidate eligible debts into their home loan.

This can reduce the interest rate applied to some debts and may lower the immediate monthly repayment.

There can also be important trade-offs.

A credit card or personal loan that would otherwise be repaid over a few years could remain outstanding for much longer when added to a mortgage. This can increase the total interest paid even where the home loan rate is lower.

Property equity, borrowing capacity, lender criteria and the purpose of the debt can also affect the options available.

Why use a debt consolidation calculator?

A debt consolidation calculator can help you see the difference between your current repayment structure and a proposed consolidated loan.

It may help you compare:

  • monthly cash flow
  • total repayments
  • loan terms
  • interest costs
  • the effect of spreading debt over a longer period

This can give you a clearer starting point before reviewing your options with a mortgage broker.

Check your debt consolidation scenario

Enter your existing debts and a proposed loan structure to compare the estimated repayments and overall loan position.

A mortgage broker can review the figures in more detail and explain which lending options may be available based on your circumstances.

Important Note: The calculators and tools provided are for general information purposes only. They are designed to illustrate possible scenarios and should not be relied upon as financial, legal, or taxation advice. The results are based on the information you enter and certain assumptions, which may not reflect your personal circumstances. You should consider obtaining professional advice before making any financial decisions. While every effort is made to ensure the information is accurate and up to date, no guarantee is given as to its completeness or reliability.

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FABIAN RESTAINO (Credit Representative Number 382599) and Finance Industries Australia Pty Ltd (ABN: 81 619 871 788 with Credit Representative Number 500181) are authorised Credit Representatives under Australian Credit Licence 387025.

The information provided is on the understanding that it is for illustrative and discussion purposes only. Whilst all care and attention is taken in its preparation any party seeking to rely on its content or otherwise should make their own enquiries and research to ensure its relevance to your specific personal and business requirements and circumstances. Terms, conditions, fees and charges may apply. Normal lending criteria apply. Rates subject to change. Approved applicants only.
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Luke Shrewsbury

Finance Broker
Luke has over 15 years experience in Financial Services and has developed a deep understanding of the importance of working with clients to achieve their goals, and ensuring the right frameworks are in place to aid this.
After obtaining a job in credit card defaults and collections in his early 20’s while finishing his studies - Luke felt he could make a real difference to those around him, simply to better understand money, cut through the jargon and make better decisions, so he dedicated himself to learning and practising this throughout his career.

Having worked in a range of roles, this expertise gained and a thorough understanding of the industry and an ability to convey these in a simple, plain English manner, have ensured clients receive first class experience and feel confident in their future.

Luke is committed to his ongoing education, and this ensures clients are kept up to date with industry rules, taxation, and other changes that often occur.
Luke has previously provided financial commentary to News Limited publications such as the Courier Mail, Daily Telegraph and News.com.au.
Outside of work, Luke can be found out and about with his wife, and young daughters, on the water – boating or surfing, or generally keeping active and enjoying everything Queensland has to offer.
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George Hawi

Broker
George Hawi is a dedicated finance professional with over 10 years of experience in the finance industry, bringing deep expertise, strategic insight, and a client-first approach to his role at Finance Industries Australia (FIA). Throughout his career, George has worked closely with individuals, families, and businesses to deliver tailored financial solutions that support long-term success.
At FIA, George plays an active role in driving strategic initiatives, strengthening industry partnerships, and enhancing the value delivered to clients and stakeholders. He is passionate about helping clients achieve their goals and is committed to providing clear guidance, structured solutions, and ongoing support throughout their financial journey.
Beyond his professional work, George is actively involved in the community through charity initiatives and fundraising efforts, reflecting his strong belief in giving back and making a meaningful impact.
Outside of work, George enjoys spending quality time with his family, travelling, and staying active in the community. He is a passionate Rugby League fan and a loyal Manly supporter, and on weekends, you’ll often find him watching the UFC with friends.
George Hawi is a Credit Representative 573339 authorised under Australian Credit Licence 387025.
Giuliana Restaino

Giuliana Restaino

Client Support Manager
Giuliana has been in the front line of Management in Client and Customer Liaison for over 25 years.

Working with large corporations and companies, directly in Administration and Customer Service, this is her passion and she is always happy to go over and above for her clients everyday.

As a mother of three beautiful children, life is busy, and time management is of high priority. Giuliana has learnt to prioritise what’s most important and always ensures that the company and people she works with, directly or indirectly, are a big part of her day! You will always know you’re taken care of and have been made a priority with the service that Giuliana projects.
Anne-Marie Tonkin

Anne-Marie Tonkin

Head Broker
As a mother with a mortgage and young family, Anne-Marie connects personally with her clients. Together with her industry knowledge, she understands and appreciates many of her clients’ concerns, ensuring that every step of their financial journey, is as seamless and stress-free as possible.

Anne-Marie is dedicated to breaking old models of thinking, and helping her clients discover many positive possibilities, which they may not have been aware of.

Credit Representative 502467 is authorised under Australian Credit Licence 387025
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Fabian Restaino

Principal & Finance Manager
Fabian’s passion for the finance industry spans decades. He has accrued a vast wealth of experience, which he applies today, at Finance Industries Australia. The company’s service offerings have diversified since inception, to provide a comprehensive portfolio of financial advice, enabling clients to save both time, and money.

When not in the office, Fabian can be found actively involved in local community work. He is Chairperson of the Board at Varsity Lakes Community Limited, where many fundraising events are hosted, to build local businesses, charities, as well as support numerous youth education programs.

With Fabian at its helm, FIA is very much dedicated towards providing access to quality financial advice, regardless of age or financial position.

Credit Representative 382599 is authorised under Australian Credit Licence 387025