Debt Management
Debt Consolidation Calculator
Compare today’s combined debt payment with a potential consolidation loan.
Debt Consolidation Calculator
Adjust the figures to update your estimate.
- Payment
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- Total interest
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- Total repayment
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- Additional estimate
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Amortization schedule
| Payment | Principal | Interest | Balance |
|---|
How this calculator works
Enter realistic numbers for your situation. The calculator updates immediately to give you an estimate you can use for planning and comparing options.
Formula explained
Savings is the difference between your current monthly payment and the new amortized payment.
Example calculation
Consolidating higher-rate balances can reduce interest, but a longer term may increase total cost.
Factors that affect your result
- New rate and loan term
- Fees added to the new loan
- Whether you avoid taking on new balances
Frequently asked questions
Is the Debt Consolidation Calculator free to use?
Yes. This calculator is free, requires no sign-up, and gives an estimate instantly.
Are the results a loan offer?
No. Results are educational estimates. A lender's rates, fees, underwriting and payment terms may differ.
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Continue learning
Read our guides on working capital loans and business debt consolidation.