🔗 Debt Consolidation Calculator

Enter up to 3 current debts and compare them against a single consolidation loan — see exact interest saved and true net benefit after origination fees.

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Inputs
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Current Debts
$
%
$
%
$
%
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Consolidation Loan
%
mo
%
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Results
New Monthly Payment
—
—
Total Debt Consolidated—
Current Est. Monthly (min)—
New Monthly Payment—
Monthly Savings—
Old Total Interest—
New Total Interest—
Total Interest Saved—
Origination Fee—
Net Savings (after fee)—
Consolidation PMT = P × [r(1+r)ⁿ] / [(1+r)ⁿ − 1]
Net Savings = Old Interest − New Interest − Origination Fee

Current minimum payments are estimated at 2% of balance. Old total interest is simulated assuming minimum payments only — one of the most costly repayment strategies. A consolidation loan at a lower rate with fixed payments almost always wins mathematically.