Free calculator
Debt Consolidation Calculator
A consolidation calculator sets your existing debts beside one new loan. It shows the replacement payment, the interest on both routes, and whether merging the balances pays off.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
Enter your numbers and press Calculate. Nothing you type leaves your browser.
The lowest rates are only available to the most qualified applicants.
Advertising disclosure: Loancalculated may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. Read the full disclosure.
How this calculator works
Consolidation swaps several debts for one loan, usually hoping for a lower rate, one payment, or a faster finish.
The tool compares two routes:
- Where you are now: a total balance B, an average APR, and the amount you pay each month. Payoff time is n = −ln(1 − i × B ÷ M) ÷ ln(1 + i).
- The new loan: Payment = P × i ÷ (1 − (1 + i)−n), with total interest = payment × n − P.
If your present payment does not cover the monthly interest, that route never clears and the tool says so rather than forcing a number.
Rates are yours to enter; consolidation pricing follows credit history and the lender's terms.