🔗 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.