Debt Consolidation Calculator
A debt consolidation calculator compares your current debts with a single new loan. It shows the new monthly payment, the total interest on each path, and whether consolidating saves you money.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
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How this calculator works
Debt consolidation replaces several debts with one loan. The goal is usually a lower rate, a single payment, or a shorter payoff.
The calculator compares two paths:
- Current debts: total balance B, average APR, and the total you pay each month. Payoff time is n = -ln(1 - r * B / M) / ln(1 + r).
- New loan: payment M = P * r * (1 + r)^n / ((1 + r)^n - 1), with total interest M * n - P.
If your current payment does not cover the monthly interest, the current path never pays off and the calculator says so instead of guessing.
Enter your own rates. Consolidation loans are priced on credit history and the lender's terms, so the result is an estimate.