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Debt & Loans

Debt Consolidation Calculator

Compare current blended debt payments with a proposed consolidation loan and fee break-even.

Best for: Compare current blended debt costs with a proposed consolidation loan, including fees and break-even.

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Your result

Debt Consolidation estimate

Estimated total savings
$5,803.61
New monthly payment
$776.10
Current comparable payment
$897.00
Monthly payment difference
$120.91

How to use this debt consolidation calculator

Use this debt consolidation calculator to compare the current blended borrowing cost with a proposed replacement loan. A lower payment should be evaluated with fees, the new term, and total repayment, not treated as automatic savings.

  1. 1

    Combine debts on a consistent basis

    Enter the balance being consolidated and a reasonable blended current rate for those same debts.

  2. 2

    Enter the complete new offer

    Use the proposed rate, full term, and consolidation fees, including origination charges.

  3. 3

    Compare break-even and total cost

    Review the payment difference, total interest, fees, and the time required to recover costs.

Worked planning example

Example: lower rate with a longer repayment term

Set up

Model the current blended debt balance and rate, then enter a lower-rate consolidation offer with fees.

Compare

Extend the new term and observe whether the payment falls while total repayment rises.

Takeaway

Consolidation simplifies debt structure; it only reduces cost when rate, fees, term, and repayment behavior work together.

Consolidation changes the debt, it does not erase it

The strategy is strongest when the new terms reduce cost and the repaid accounts do not accumulate new balances.

  • Compare APR and net loan proceeds after origination fees.
  • Avoid extending the term solely to create a lower payment.
  • Make a plan for the accounts whose balances are paid off.

Calculation methodology and assumptions

For this debt consolidation estimate, Silvia uses total debt to consolidate, current blended interest rate, consolidation loan rate, new loan term, consolidation fees. Compare current blended debt payments with a proposed consolidation loan and fee break-even. Results are estimates, not quotes, tax advice, or investment recommendations.

Primary references

Frequently asked questions

When does debt consolidation save money?

It can reduce cost when the lower rate and repayment plan outweigh fees without extending the balance for so long that interest increases.

What is the consolidation break-even point?

It estimates how long payment savings take to recover entered consolidation fees. It should be considered with total interest and term.

Does consolidation improve a credit score?

The calculator does not estimate credit effects. New applications, utilization, account changes, and payment history can affect credit differently.

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