Debt consolidation calculator.
Use this free debt consolidation calculator to compare your current debts against a single new loan — see the new payment, total interest, payoff time, and real APR, and whether consolidating actually saves you money.
Use the Personal Loan Calculator.
Results update automatically as you type. No account is required.
Enter your debts and the new loan
Your current debts
Enter each unsecured debt — credit cards, personal loans, medical bills. Leave rows blank if unused. Don’t include a mortgage or car loan here.
New consolidation loan
The single loan that pays off the debts above — its rate, term, and any origination fee or points.
Consolidating $16,000 of debt into a 5y 0m loan at 10.5% means one payment of $354.22/mo (real APR 11.79%) versus $420 now across 3 debts. That is Save $66/mo and $5,542 saved in interest. Verdict: Likely saves money.
What you pay
Principal vs. interest vs. fees.
Balance over time
How your loan balance falls as you repay.
Amortization schedule
Every payment split into principal and interest, with your balance falling to zero. Switch between the month-by-month view and a yearly summary.
| # | Date | Payment | Principal | Interest | Balance |
|---|---|---|---|---|---|
| 1 | Jun 2026 | $354.22 | $210.02 | $144.20 | $16,269.98 |
| 2 | Jul 2026 | $354.22 | $211.86 | $142.36 | $16,058.12 |
| 3 | Aug 2026 | $354.22 | $213.71 | $140.51 | $15,844.41 |
| 4 | Sep 2026 | $354.22 | $215.58 | $138.64 | $15,628.83 |
| 5 | Oct 2026 | $354.22 | $217.47 | $136.75 | $15,411.36 |
| 6 | Nov 2026 | $354.22 | $219.37 | $134.85 | $15,191.99 |
| 7 | Dec 2026 | $354.22 | $221.29 | $132.93 | $14,970.70 |
| 8 | Jan 2027 | $354.22 | $223.23 | $130.99 | $14,747.48 |
| 9 | Feb 2027 | $354.22 | $225.18 | $129.04 | $14,522.30 |
| 10 | Mar 2027 | $354.22 | $227.15 | $127.07 | $14,295.15 |
| 11 | Apr 2027 | $354.22 | $229.14 | $125.08 | $14,066.01 |
| 12 | May 2027 | $354.22 | $231.14 | $123.08 | $13,834.87 |
| 13 | Jun 2027 | $354.22 | $233.16 | $121.06 | $13,601.71 |
| 14 | Jul 2027 | $354.22 | $235.20 | $119.01 | $13,366.50 |
| 15 | Aug 2027 | $354.22 | $237.26 | $116.96 | $13,129.24 |
| 16 | Sep 2027 | $354.22 | $239.34 | $114.88 | $12,889.90 |
| 17 | Oct 2027 | $354.22 | $241.43 | $112.79 | $12,648.47 |
| 18 | Nov 2027 | $354.22 | $243.55 | $110.67 | $12,404.92 |
| 19 | Dec 2027 | $354.22 | $245.68 | $108.54 | $12,159.25 |
| 20 | Jan 2028 | $354.22 | $247.83 | $106.39 | $11,911.42 |
| 21 | Feb 2028 | $354.22 | $249.99 | $104.22 | $11,661.43 |
| 22 | Mar 2028 | $354.22 | $252.18 | $102.04 | $11,409.24 |
| 23 | Apr 2028 | $354.22 | $254.39 | $99.83 | $11,154.86 |
| 24 | May 2028 | $354.22 | $256.61 | $97.60 | $10,898.24 |
| 25 | Jun 2028 | $354.22 | $258.86 | $95.36 | $10,639.38 |
| 26 | Jul 2028 | $354.22 | $261.12 | $93.09 | $10,378.26 |
| 27 | Aug 2028 | $354.22 | $263.41 | $90.81 | $10,114.85 |
| 28 | Sep 2028 | $354.22 | $265.71 | $88.50 | $9,849.13 |
| 29 | Oct 2028 | $354.22 | $268.04 | $86.18 | $9,581.09 |
| 30 | Nov 2028 | $354.22 | $270.38 | $83.83 | $9,310.71 |
| 31 | Dec 2028 | $354.22 | $272.75 | $81.47 | $9,037.96 |
| 32 | Jan 2029 | $354.22 | $275.14 | $79.08 | $8,762.82 |
| 33 | Feb 2029 | $354.22 | $277.54 | $76.67 | $8,485.28 |
| 34 | Mar 2029 | $354.22 | $279.97 | $74.25 | $8,205.30 |
| 35 | Apr 2029 | $354.22 | $282.42 | $71.80 | $7,922.88 |
| 36 | May 2029 | $354.22 | $284.89 | $69.33 | $7,637.98 |
| 37 | Jun 2029 | $354.22 | $287.39 | $66.83 | $7,350.60 |
| 38 | Jul 2029 | $354.22 | $289.90 | $64.32 | $7,060.70 |
| 39 | Aug 2029 | $354.22 | $292.44 | $61.78 | $6,768.26 |
| 40 | Sep 2029 | $354.22 | $295.00 | $59.22 | $6,473.26 |
| 41 | Oct 2029 | $354.22 | $297.58 | $56.64 | $6,175.68 |
| 42 | Nov 2029 | $354.22 | $300.18 | $54.04 | $5,875.50 |
| 43 | Dec 2029 | $354.22 | $302.81 | $51.41 | $5,572.69 |
| 44 | Jan 2030 | $354.22 | $305.46 | $48.76 | $5,267.23 |
| 45 | Feb 2030 | $354.22 | $308.13 | $46.09 | $4,959.10 |
| 46 | Mar 2030 | $354.22 | $310.83 | $43.39 | $4,648.27 |
| 47 | Apr 2030 | $354.22 | $313.55 | $40.67 | $4,334.73 |
| 48 | May 2030 | $354.22 | $316.29 | $37.93 | $4,018.44 |
| 49 | Jun 2030 | $354.22 | $319.06 | $35.16 | $3,699.38 |
| 50 | Jul 2030 | $354.22 | $321.85 | $32.37 | $3,377.53 |
| 51 | Aug 2030 | $354.22 | $324.67 | $29.55 | $3,052.86 |
| 52 | Sep 2030 | $354.22 | $327.51 | $26.71 | $2,725.35 |
| 53 | Oct 2030 | $354.22 | $330.37 | $23.85 | $2,394.98 |
| 54 | Nov 2030 | $354.22 | $333.26 | $20.96 | $2,061.72 |
| 55 | Dec 2030 | $354.22 | $336.18 | $18.04 | $1,725.54 |
| 56 | Jan 2031 | $354.22 | $339.12 | $15.10 | $1,386.42 |
| 57 | Feb 2031 | $354.22 | $342.09 | $12.13 | $1,044.33 |
| 58 | Mar 2031 | $354.22 | $345.08 | $9.14 | $699.25 |
| 59 | Apr 2031 | $354.22 | $348.10 | $6.12 | $351.15 |
| 60 | May 2031 | $354.22 | $351.15 | $3.07 | $0.00 |
About the Debt Consolidation Calculator
This debt consolidation calculator compares what you are paying now across several debts with a single new loan that would pay them off. Enter each debt’s balance, interest rate, and monthly payment, then the rate, term, and fee of the consolidation loan. The tool shows your new monthly payment, total interest, payoff date, and the loan’s real APR side by side with your current numbers, and tells you whether consolidating is likely to save money.
How to read the comparison
Consolidation can lower your monthly payment, your total interest, or both — but not always. A lower payment sometimes just comes from a longer term, which can mean more interest overall. The calculator separates these effects: compare the current vs. new monthly payment, the current average APR vs. the new real APR, and the current vs. new total interest and payoff time. The clearest win is when the new real APR is below your current average APR.
Why fees and real APR matter
Most consolidation loans charge an origination fee or points. Because the goal is to lower borrowing costs, a large fee can cancel the benefit. The real APR folds the fee into the rate so you compare like with like: at a modest fee, consolidating the example debts is clearly worthwhile, but a heavy fee can push the real APR above your current average rate and make it a poor deal — which is exactly what the verdict flags.
Ways to consolidate
Common options include a personal loan (unsecured, fixed rate and term), a balance-transfer card (often 0% for a promotional window — watch the transfer fee and the post-promo rate), and a home equity loan or HELOC (lower rates because they are secured by your home, but your home is at risk if you cannot pay). Whatever the method, consolidation only helps if you avoid running the old balances back up.
Important disclaimer
⚠ Disclaimer: This debt consolidation calculator is for general education and planning only and is not financial advice. It assumes fixed rates and level payments, estimates each current debt’s payoff from the payment you enter, and approximates real APR from the fee. Actual offers, rates, fees, and payoff times depend on your credit and lender. Consolidating does not reduce debt by itself and may extend how long you pay. Consider speaking with a nonprofit credit counselor.
Related calculators
Personal Loan Calculator · Repayment Calculator · Debt-to-Income Calculator · Amortization Calculator
Debt Consolidation Calculator FAQ
How does the debt consolidation calculator work?
Enter each current debt’s balance, rate, and monthly payment, plus the new loan’s rate, term, and fee. The tool estimates how long your current debts take to clear and their total interest, then compares that with a single consolidation loan’s payment, interest, payoff time, and real APR.
What is the current average APR?
It is the balance-weighted average of the interest rates on the debts you entered — larger balances count more. Comparing it to the consolidation loan’s real APR is the cleanest test of whether consolidating lowers your borrowing cost.
Why does the loan fee matter so much?
Origination fees and points add to the cost of the new loan. The calculator converts them into the real APR, so a loan with a low rate but a high fee may actually cost more than your current debts — in which case the verdict warns you.
Will consolidating lower my payment or my total interest?
It can do either or both. A lower rate reduces total interest; a longer term lowers the monthly payment but can increase total interest. The side-by-side comparison shows exactly which effect applies to your numbers.
Which debts should I include?
Include unsecured debts such as credit cards, personal loans, and medical bills. Leave out a mortgage or car loan — those are secured and usually better handled with refinancing.
Does consolidating debt hurt my credit?
Applying creates a temporary hard inquiry, but paying off cards can lower your credit-utilization ratio, which often helps over time — as long as you make on-time payments and don’t rebuild the old balances.
Is this debt consolidation calculator free?
Yes. It is free, requires no sign-up, and runs entirely in your browser.