Debt Consolidation Calculator
See if consolidating your debts into one loan saves money.
Result
Results are estimates for general information only and are not professional advice.
Consolidating debt
Debt consolidation combines several debts into a single loan, ideally with a lower payment. This calculator compares your new monthly payment against your current payments and shows the potential monthly saving and total interest.
Frequently Asked Questions
What is the Debt Consolidation Calculator?
See if consolidating your debts into one loan saves money. It runs instantly in your browser and is completely free to use.
What do I need to enter to use the Debt Consolidation Calculator?
The Debt Consolidation Calculator asks for the following values (4): Total debt, Current monthly payments, New loan rate (%), New term (years). Fill them in and the result appears immediately — the calculation runs on your own device, so nothing you type is sent to a server.
How accurate is the Debt Consolidation Calculator?
The Debt Consolidation Calculator uses standard, widely-accepted formulas, so its figures are reliable estimates for everyday planning. They are not a substitute for advice from a qualified professional.
Is the Debt Consolidation Calculator free, and do I need an account?
Yes. The Debt Consolidation Calculator — and every other calculator on Calculatis — is completely free, with no registration, no download and no limit on how often you use it.