Free calculator

Debt Consolidation Calculator

If credit-card balances and other debts are piling up, a consolidation loan can drop your blended rate and your monthly payment. This calculator shows what you'd save versus paying each debt off separately.

Credit card balance

Total balance across all cards you'd consolidate.

Credit card APR

Blended average APR across the cards.

Other debt balance

Other unsecured debt: BNPL, store cards, payday loans.

Other debt APR

Consolidation loan APR

The APR the consolidation lender quoted you.

Consolidation term (months)

New monthly payment

$444

Monthly savings

$28

Interest under consolidation

$4,289

Lifetime interest saved

$7,019

Blended current APR

22.24%

Total debt consolidated

$17,000

One caveat. Consolidation only pays off if you stop running new balances on the paid-down cards. A lower payment with old cards refilled is how borrowers end up with more debt than they started.

This calculator provides general loan projections only and is not individualized financial advice or a loan offer. Confirm actual APR, fees, and terms with your lender before borrowing.