This calculator is intended for consolidation loans only, and not mortgage refinancing.

The calculation is based on the accuracy and completeness of the data you have provided; is for illustrative and general information purposes only; and is not intended to provide specific financial or other advice and should not be relied upon in that regard.

Our calculator can help you work out if debt consolidation is a realistic option for you.

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Debt consolidation loans aren't always a bad idea but it's really important to do your homework before taking one out.

We speak to lots of people who have tried to ease their finances with debt consolidation but ended up deeper in debt.Royal Bank of Canada does not make any express or implied warranties or representations with respect to any information or results in connection with the calculator.Royal Bank of Canada will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.Note: Once you've selected your city, state and country of residence, we'll make sure you return to the appropriate regional information on our site in the future by generating a cookie.This will save you the time of specifying your location each time you access our site.The calculation assumes a constant interest rate throughout the amortization period and the total interest cost is averaged over the life of the loan rounded to the nearest dollar.