Current path
Two schedules
Debt Consolidation Calculator
Compare two current debts with a proposed consolidation loan using balances, rates, payments, fees and term.
Current path and consolidation comparison
Merge the two current schedules only after the fee, new term and complete repayment cost are visible.
Enter your figures, then press “Compare the consolidation offer” to calculate your result.
No result yetComplete the fields and use the calculation button.
How to test a consolidation offer
The calculator models each current debt using its own payment and rate, then compares their combined interest and payoff time with an amortizing consolidation loan whose principal includes the entered fee.
- The consolidation fee is included in the new principal.
- A lower payment can still cost more over a longer term.
- Secured and unsecured obligations can carry different consequences.
Compare total repayment, not only the new payment
A longer term can create a lower monthly payment while increasing total interest. The result keeps term and total financing cost beside the payment so cash-flow relief is not mistaken for savings.
Use the proposed effective rate and every compulsory fee. Optional products should be evaluated separately rather than hidden inside the principal.
Check what changes when debts are combined
Consolidation can replace several due dates with one, but it can also convert unsecured debt into secured borrowing or introduce a variable rate. Those consequences are not captured by arithmetic alone.
Confirm settlement amounts, early-payment charges, account closure treatment and whether the new facility restricts future payments. Keep written quotations on equivalent dates.
A lower payment is not the same as lower cost
Term, fee and security must remain visible beside monthly cash-flow relief.
New principal
Includes fee
Term
Controls total cost
Prevent the old balances from returning
If paid cards or credit lines remain available, a new balance can grow beside the consolidation loan. Build ordinary spending and annual costs into cash flow before completing the transaction.
Choose the offer only when the complete terms improve the plan or when documented cash-flow relief prevents a more serious failure. A lower advertised rate by itself is not enough.
- Fee-adjusted principal
- New monthly payment
- Total modeled interest
- Difference from current path
Common questions about this calculator
Is a lower consolidation payment always better?
No. A longer term can lower the payment but increase total cost. Compare fees, term, total interest, security and rate conditions together.
What happens to the old credit accounts?
That depends on each agreement and your decision. Prevent new balances by controlling spending and understanding whether the old facilities remain open after settlement.