What this calculator tells you
The Debt Consolidation Calculator helps translate amount, APR, term, payment, or debt inputs into a planning estimate. Use the output to compare scenarios, not as a lender quote.
Limitations
Calculator results do not include every lender fee, state rule, underwriting condition, payment timing variation, optional product, or final disclosure. Actual terms come only from the lender or partner reviewing a request.
Compare next
| If the result shows | Compare next |
|---|---|
| Payment looks high | Try a smaller amount, lower APR assumption, or longer term while checking total cost. |
| Total interest looks high | Compare a shorter term or extra-payment strategy. |
| Debt ratio looks tight | Review affordability before adding another payment. |
| Two offers look close | Compare APR, fees, net proceeds, due date, and total repayment. |
Quick answer: Compare current monthly debt payments with an estimated consolidation loan payment. Results are educational and do not promise savings or approval.
Published: September 29, 2026 | Last updated: October 29, 2026 | Written by: Borrow Your Loan Editorial Team
Estimated consolidation payment
Enter values to compare.
Does a lower payment mean lower total cost?
This calculator compares a new payment with your current monthly payments. It does not compute the remaining repayment schedule of each existing account, include an origination fee or prove savings. Use the 216 original debt consolidation cost scenarios to see how financed withheld fees and term changes affect future repayment. A 3% fee deducted from a $12,000 gross loan leaves $11,640; compare sufficient net proceeds as well as the monthly payment.
The debt consolidation decision guide separates loans, balance transfers, counseling and settlement. Check the actual disclosed APR, fee treatment and payoff amounts before interpreting this estimate.
Methodology
The estimate uses the fixed-payment formula with the balance, annual note interest rate and term entered above. It assumes zero fees, so this note rate equals APR only in that fee-free model. Do not substitute a fee-inclusive lender APR and separately add the same fees. This is a monthly-payment comparison, not an interest-savings or existing-debt payoff model. It excludes lender-specific fees, payoff timing, balance changes, and whether old accounts are reused after payoff.
Illustrative consolidation scenario
Illustrative example - not an offer - actual terms vary. This scenario compares $12,000 of current balances with $450 in combined monthly payments against a hypothetical 48-month consolidation payment at a fee-free 18% annual note interest rate. It does not promise savings or approval.
| Debt balance | Current payments | Fee-free note rate | Term | Estimated new payment | Monthly payment difference | Estimated interest | Estimated total repayment |
|---|---|---|---|---|---|---|---|
| $12,000.00 | $450.00 | 18% | 48 months | $352.50 | $-97.50 | $4,920.00 | $16,920.00 |
A lower monthly payment can still increase total cost if the term is longer or fees apply. Compare payoff timing, fees, and whether old accounts will stay paid down.