Financial / Browser calculator

Debt Consolidation Calculator

Debt Consolidation Calculator works from the inputs you provide and returns existing monthly payment, consolidated monthly payment, total-payment savings. Use the calculation panel to explore a scenario, then check the formula and limitations before applying the result.

Your inputs

Minimum: 0 · Maximum: 1000000000000
Minimum: 0 · Maximum: 100
Minimum: 0 · Maximum: 100
Minimum: 0.08333333333333333 · Maximum: 100
Minimum: 0

Your results

Enter your values and calculate to see the result.

This estimate is for information and comparison, not financial, investment or tax advice.

Formula and calculation method

Compare equal-term amortization on original balance and on balance plus consolidation fee.

Weighted average APR approximation. Individual debt minimum-payment rules and early payoff charges are excluded.

How to use debt consolidation calculator

  1. Set Principal / amount. The example below uses 100000.
  2. Set Existing average APR (%). The example below uses 18.
  3. Set Annual interest rate (%). The example below uses 6.
  4. Set Term (years). The example below uses 10.
  5. Set Consolidation fee. The example below uses 1000.
  6. Select Calculate to update the result. Reset restores the illustrated inputs. Copy, print or download your own result if you need a record.

Worked example

Example inputs
Principal / amount
100000
Existing average APR (%)
18
Annual interest rate (%)
6
Term (years)
10
Consolidation fee
1000
Existing monthly payment
1,801.85199041
Consolidated monthly payment
1,121.30706961
Total-payment savings
81,665.39049592

Factors affecting your result

Weighted average APR approximation. Individual debt minimum-payment rules and early payoff charges are excluded.

Changing principal / amount changes the scenario being evaluated. Adjust one input at a time when comparing results, keep a copy of the assumptions, and compare values using the same unit and period. A precise arithmetic result does not make an uncertain assumption precise.

Frequently asked questions

How does the debt consolidation calculator work?

Compare equal-term amortization on original balance and on balance plus consolidation fee.

What inputs does Debt Consolidation Calculator need?

Enter principal / amount, existing average apr (%), annual interest rate (%), term (years), consolidation fee. Read the unit labels; percentages are entered as ordinary percentages, not decimal fractions.

How should I interpret the debt consolidation calculator result?

Weighted average APR approximation. Individual debt minimum-payment rules and early payoff charges are excluded.

Are my debt consolidation calculator inputs uploaded?

No. The calculation runs in this browser. Favorites, recent tool names, theme and formatting preferences may be saved locally, but calculation inputs are not sent to a calculation server or stored by this website. Shared links do not include entered values.

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