Tools
Debt consolidation calculator
Compare your current payments against one consolidation loan to see what you could save each month.
Estimated new monthly payment
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Monthly savings
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Total interest saved
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Total interest — staying put
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Total interest — new loan
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Estimates are illustrative only — real terms vary by lender.
Frequently asked questions
What is debt consolidation?+
Consolidation combines several debts into a single loan, often at a lower interest rate, which simplifies your payments and can reduce your total monthly payment.
Does this calculator include fees?+
No. It estimates the payment and interest from the rate and term you enter. Any origination fees, insurance, or prepayment penalties are not included.
Is a lower monthly payment always better?+
Not necessarily. A longer term lowers the monthly payment but can increase the total interest you pay. Always compare the total cost, not just the monthly payment.
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