Personal Debt Consolidation Calculator

Determine if consolidating your debts into a single personal loan makes financial sense.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Current Debts

Debt 1

$
%
$

Debt 2

$
%
$

Debt 3

$
%
$

Consolidation Loan

%
48 months
$

Consolidation Analysis

Keep Current Debts

Total Monthly Payment$300
Payoff Time54
Total Interest$5,005

Consolidation Loan

Loan Amount (with fees)$10,300
Monthly Payment$261
Total Interest$2,239
Monthly Savings$39
Total Savings$2,466
Recommendation0
How it works›

Model and assumptions. Compares the existing debt payments and interest with the entered consolidation loan and its fees. Extending repayment can lower payments while increasing cost. Student-loan benefit loss, underwriting and tax eligibility are not resolved by this cost comparison; secured borrowing also changes collateral risk.CFPB: money and debt worksheetsOpenStax: annuity formulas