United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies.
Input Parameters
Results
Current vs Consolidated
- Current$450 (53%)
- Consolidated$400 (47%)
Choose a chart point to read its values.
View chart data table
Debt Distribution
- Debt 1$10,000 (56%)
- Debt 2$8,000 (44%)
Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the inputs provided and standard financial formulas. Consult a qualified financial advisor before making financial decisions.
About This Calculator
The Debt Consolidation Calculator see if consolidating your debts saves money. It's built for anyone working with loans & debt who wants fast, accurate numbers without building a spreadsheet.
Sources & Model Limits
United States · USD. This page uses a shared calculation model and may include US-specific assumptions. Selecting a country changes formatting, not local tax, eligibility or contribution rules. Amounts are not converted between currencies. Read our methods and correction policy.
How It Works
Enter your debt 1 balance, debt 1 min payment, debt 2 balance, debt 2 min payment, consolidation rate (%), new loan term (years), and the calculator instantly computes your new monthly payment, total debt, current min payment, monthly savings, new total interest. For example, with Debt 1 Balance: $10,000, Debt 1 Min Payment: $250, Debt 2 Balance: $8,000, Debt 2 Min Payment: $200, Consolidation Rate (%): 12%, New Loan Term (Years): 5, the new monthly payment comes out to $400.
Key Benefits
- 1See your new monthly payment update instantly as you adjust any input
- 2Compare different scenarios side by side before making a decision
- 3Visualize the breakdown with a chart instead of raw numbers alone
- 4Export your results as a PDF report or CSV file for your records
Practical Tips
- →Shop multiple lenders — even a small rate difference saves real money over the loan term
- →Always compare the APR, not just the headline interest rate
- →Extra payments toward principal shorten your payoff time and cut total interest
- →Avoid extending loan terms just to lower the monthly payment — it usually costs more overall