Debt Consolidation Calculator

About this calculator

Debt consolidation combines several separate debts — credit cards, personal loans, medical bills — into a single new loan, ideally at a lower blended interest rate than the weighted average of the original debts. Instead of juggling multiple due dates and minimum payments, the borrower makes one monthly payment on the new consolidation loan.

Whether consolidation actually saves money depends entirely on the new rate and term compared with the old debts: a lower rate can cut total interest paid, but stretching the payoff over a longer term can sometimes increase total interest even at a lower rate. This calculator rolls the existing debts into a single loan and shows the resulting monthly payment and total interest, so the new terms can be compared directly against what was being paid before.