💳 Debt Consolidation Calculator
Add all your debts, enter a consolidation loan rate, and see how much you could save by combining them into one single loan.
📝 Your Debts
Step 1 — Add Your Existing Debts
Step 2 — Consolidation Loan Details
📊 Your Results
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Add your debts and click Calculate Savings to see your estimate.
Total Interest Saved
$0
by consolidating your debts
Before vs After Consolidation
Before
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combined repayments
—
estimated total interest
After
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single repayment
—
estimated total interest
Your Debts Summary
Total Debt—
New Repayment—
Monthly Saving—
Total Interest Saved—
Weighted Avg Rate Before—
💡 Tips for Debt Consolidation
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Lower Rate Is Key
Consolidation usually saves money when the new rate is lower than your current weighted average rate.
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Cut Up the Cards
After consolidating credit card debt, reduce limits so you do not build up new balances again.
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Avoid Very Long Terms
A longer term can reduce repayments but may increase total interest.
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Watch for Fees
Application fees, monthly fees, or early repayment fees can reduce your savings.
⚠️ Disclaimer: This calculator is for illustrative purposes only and does not constitute financial advice.
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