Debt Consolidation Calculator
Compare combining several debts into one new loan vs continuing to pay them off separately. Shows the monthly savings and break-even.
Inputs
New monthly payment
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Monthly cash-flow change
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Lifetime interest saved
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New total interest
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Current path payoff time
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About Debt Consolidation Calculator
When consolidation makes sense
New rate is meaningfully lower (3+ points), you can avoid heavy fees, and you commit to not running up the original cards again. Otherwise it just delays the problem.
Personal loan vs balance transfer
Balance transfer cards offer 0% intro APR for 12-21 months — great if you can pay off in that window. Personal loans give fixed rates and structure for longer-term consolidation.
Risk: longer term
Stretching $25k over 7 years at 11% can cost more total interest than paying it off in 4 years at 19%. Always compare lifetime interest, not just monthly payment.