Find out exactly how much you could save per month and in total interest by consolidating your existing debts.
Debt Consolidation Calculator
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How to Use This Calculator
Enter the balance and interest rates of two current debts, then enter the terms of the new consolidation loan.
Frequently Asked Questions
Is debt consolidation a good idea?
It is excellent if it lowers your overall interest rate and you do not accumulate new debt.
How does the Debt Consolidation Calculator save me money?
The Debt Consolidation Calculator shows how blending multiple high-interest cards into one lower-interest loan reduces your total interest paid.
Does the Debt Consolidation Calculator factor in origination fees?
Many consolidation loans have fees. You should factor these into your balance before using the Debt Consolidation Calculator.
When is the Debt Consolidation Calculator warning me against a loan?
If the Debt Consolidation Calculator shows a lower monthly payment but higher total interest, it means the loan term is dangerously stretched out.
Will the Debt Consolidation Calculator hurt my credit?
The Debt Consolidation Calculator only does math. However, actually opening a new consolidation loan will cause a temporary hard inquiry on your credit.