Debt Consolidation Calculator
See the monthly payment and total interest of combining your debts into a single loan, and how extra payments shorten it.
- Free
- No sign-up
Enter the total balance, rate and term to see the payment.
Worked example
With these example inputs:
- Total balance to consolidate$25,000
- Interest rate11%
- Term5 yr
Monthly payment: $543.56
- Loan amount$25,000
- Total interest$7,614
- Total of payments$32,614
- Payoff time5 yr
Frequently asked questions
Does consolidating save money?
It can, if the new rate is lower than the average of your current debts. A longer term lowers the payment but can raise the total interest you pay.
What can I consolidate?
Typically credit cards, personal loans and other unsecured balances. Enter the combined amount and the rate the consolidation loan offers.