Juggling multiple balances at different interest rates makes it hard to see your real payoff timeline at a glance. Enter your current balances and rates alongside a potential debt consolidation loan offer, and this debt consolidation calculator compares your total interest cost under both scenarios, so you can see whether consolidating actually saves money or just repackages the same debt.
Debt Consolidation Calculator
Compare your current debts against a consolidated personal loan to analyze potential savings.
Total Debt Balance Trajectory
Consolidation only makes financial sense if the new rate is meaningfully lower than the blended rate you’re currently paying across your accounts. If a lender’s consolidation offer isn’t clearly better once you run the numbers, sticking with your existing payments — or targeting the highest-interest balance first — may end up cheaper in the long run.
If a personal loan is the consolidation option you’re considering, our personal loan calculator can estimate the new payment directly. And if student loans make up a significant part of your balance, our student loan calculator can help you compare consolidation against your current repayment plan.