Free Debt Consolidation Calculator
Compare your current combined debts to a new consolidation loan — see the difference in payment, interest, and payoff time.
Estimates only, not financial advice.
Current debts (combined)
New consolidation loan
Current debts
Consolidation loan
Frequently Asked Questions
How is my current payoff estimated?
It simulates your combined balance at a blended interest rate, applying your current total monthly payment each month, the same way a single fixed payment pays down any loan — interest first, then whatever's left reduces the balance.
What if consolidating doesn't actually save money?
It only helps if the new loan's rate is meaningfully lower than your current blended rate, after accounting for any origination fee — this calculator shows both sides so you can check before committing, and it will tell you plainly if the new loan costs more.
What's an origination fee?
An upfront fee some lenders charge to issue a loan, often a percentage of the amount borrowed. It's commonly rolled into the loan balance rather than paid separately, which is how this calculator handles it.
Does consolidating affect my credit score?
It can, in the short term — applying for a new loan and closing old accounts both affect your credit profile. This calculator only compares the payment math, not credit-score impact.
Is this financial advice?
No — this is an estimate for planning purposes only, not financial advice. Compare real loan offers before deciding.