Debt Consolidation Calculator

If you’re juggling multiple loans and debt payments, debt consolidation may help you save money in the long run. Debt consolidation combines your debts into a single fixed-rate loan, which you’ll make payments on each month. Use this calculator to see if debt consolidation is right for you.

First, enter the debts you plan to consolidate into the calculator fields below. These may be personal loans, credit card balances or other types of debt. Be sure to include the balances, interest rate and monthly payments you currently make. Then click Calculate to see what your monthly payment could be with a consolidated loan. Adjust the rates and terms to find a payment plan that fits with your goals and budget. When you’re done, you can view or print a summary for your records.

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