Debt Consolidation Calculator

Free debt consolidation calculator

Total Current Debt

Average Current Interest Rate

Current Total Monthly Payment

New Consolidated Rate

New Loan Term

months

Formula

Savings = Total cost of current debts - Total cost of consolidated loan

How does debt consolidation work?

You combine multiple debts into a single loan with a lower interest rate, reducing total interest paid and simplifying payments.

Is debt consolidation worth it?

If the new rate is significantly lower than your average rate and you can maintain payments, consolidation saves money on interest.

Free mortgage refinance calculator. Compare your current mortgage to a new one and find your monthly savings and break-even point.

Free student loan repayment calculator. Compare repayment plans, see payoff timelines, and find how extra payments reduce your total cost.