Debt Consolidation Calculator

Use our Debt Consolidation Calculator to see whether rolling several debts into one loan would really save you money.

Enter your current debts — each balance, interest rate, and monthly payment — and the loan you have been offered: its rate, term, origination fee, and other costs, paid upfront or added to the loan.

The calculator compares keeping your debts with consolidating them: the monthly payment, how long each takes, the interest and fees, and the total you would still pay.

A lower payment is not always a saving, because a longer term can cost more. You can also find the highest interest rate at which consolidating still pays off. To pay your debts off one at a time without a new loan, use our Debt Payoff Calculator; to see what a credit counselling agency’s plan would cost instead, our Debt Management Plan Calculator.