Debt Consolidation Calculator
See if consolidating debt lowers your payment.
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About the Debt Consolidation Calculator
Rolling several high-interest debts into one lower-rate loan can cut your payment and total interest. Enter your total balance, your current average rate, the consolidation loan's rate, and the term to see the new monthly payment, your monthly savings, and the interest saved over the loan. It's the quickest way to see whether consolidating is worth it.
How to use the Debt Consolidation Calculator
- 01Enter your total debt, current average rate, consolidation rate, and term.
- 02Read the result instantly — it recalculates as you type.
- 03Adjust the numbers to model different scenarios.
Frequently asked questions
Does debt consolidation save money?
It can, if the new rate is lower than your blended current rate. This tool shows the monthly and total interest saved.
What are the risks?
A longer term can raise total interest even at a lower rate, and consolidation doesn't fix overspending. Match term to what you can afford.