Debt Consolidation Calculator

Our debt consolidation calculator compares your current debt repayments against a single consolidated loan. Always check whether a longer term means paying more total interest overall.

Enter up to three existing debts with their balances, APRs, and minimum monthly payments. Then enter the terms of the consolidation loan being considered. The calculator shows total interest you would pay continuing as-is versus total interest on the consolidation loan. Consolidation is only worthwhile if the total interest saving exceeds any arrangement fees and early repayment charges on existing debts. Check that the consolidation loan APR is actually lower than your existing debt rates — this is not always the case, particularly for secured debts or 0% credit card balances. After consolidation, avoid using the cleared credit cards to avoid creating new debt on top of the consolidation loan.