Debt Consolidation Calculator

Compare current minimum payments to a single consolidation loan payment.

Debt Consolidation Calculator helps you compare current minimum payments to a single consolidation loan payment. Enter total debt, current average apr, current monthly payment, new loan apr, and new loan term, review the breakdown, and use the guidance below to understand what the number means — and what it does not. What the Debt Consolidation calculator does Debt Consolidation Calculator is built for money decisions — loans, savings, payments, and taxes. Compare current minimum payments to a single consolidation loan payment. You enter total debt, current average apr, current monthly payment, new loan apr, and new loan term, then Simple Calculators computes the result instantly. Rates, fees, and tax rules vary by lender and country, so treat results as planning numbers, not a contract. How the math works Enter your Total debt, Current average APR (yearly rate), Current monthly payment, New loan APR and New loan term in years. The current path is worked out month by month: interest = balance × APR ÷ 12, then your payment is taken off, until the debt is gone. The new loan payment uses the standard loan formula, and the two are compared on monthly payment, months to payoff and total…