Debt consolidation calculator
Compare paying your current debts as they are with a consolidation loan, including fees, to see if you really save.
Input
How to use this tool
- Enter your values or choose a local file. Replace the example data with your own.
- Review options, units and assumptions, then run the tool.
- Check the result before copying or downloading it. Keep an original copy of important files.
Method & assumptions
Compare paying your current debts as they are with a consolidation loan, including fees, to see if you really save.
saving = interest(current plan) − interest(new loan) − feesWorked example
Total debt to consolidate: 18,000 Current average APR %: 19.5 Current total monthly payment: 550 Consolidation loan APR %: 9.9 Loan term (months): 48 Fees (% of loan): 2 → Current plan: months to pay off: 48 → Current plan: total interest: 7,894.26 → Consolidation loan payment: 464.78 → Consolidation: interest + fees: 4,309.24 → Estimated saving: 3,585.02 → Monthly payment change: -85.22
Limits & important notes
Basic release. Review the result before relying on it. File limits, supported cases and processing requirements are shown above.
Content updated:
Privacy & Free to use
Are my inputs stored?
Your inputs stay in this tab. We do not receive your files, pasted text or calculation values.
Is this tool free?
Yes. No signup or payment is required.
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