Compare your current debt payments to a single consolidated loan. See monthly savings and total interest reduction from consolidation.
Debt Consolidation Calculator helps you make informed financial decisions using current rates and proven formulas. Adjust the inputs below to match your situation and see your personalized results update in real time.
Results are estimates only. Not financial advice.
🔒 Financial Disclaimer: These calculations are estimates for informational purposes only. Results are not financial advice. Consult a qualified financial advisor before making major financial decisions.
Calculations based on publicly available data from government agencies. Actual results may vary based on individual circumstances.
Personal loan rates — updated April 2026
| Lender | Rate | APR | Est. Payment | Action |
|---|---|---|---|---|
Fast Fund LendingBest Rate | 7.990% | 8.500% | $416/mo | Check Rate |
Direct Lender Plus | 8.490% | 9.000% | $422/mo | Check Rate |
Personal Loans Co | 9.490% | 10.100% | $434/mo | Check Rate |
Credit Builder Loan | 10.990% | 11.500% | $449/mo | Check Rate |
Rates shown are for illustrative purposes. Actual rates may vary based on credit score, loan amount, down payment, and market conditions. Contact lenders directly for personalized rate quotes.
The Debt Consolidation Calculator compares the cost of maintaining multiple debts versus consolidating them into a single loan. It calculates the total monthly payment and total interest under the current scenario (multiple debts at their respective rates) versus a consolidated loan with a new rate and term. The methodology assumes the same total debt amount is being compared and calculates the weighted average interest rate for the current scenario. This calculator helps determine whether consolidation is beneficial by showing monthly payment differences and total interest savings or costs. It accounts for the fact that extending the loan term during consolidation may reduce monthly payments but increase total interest paid over time. The calculator is valuable for evaluating balance transfer credit card offers, personal loan consolidation options, and home equity refinancing for debt consolidation. It does not account for balance transfer fees, origination costs, or the impact of closing old accounts.
Result: Current Monthly Payment: ~$584. New Monthly Payment: $507. Monthly Savings: $77. Total Interest Savings: $4,620.
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