Debt Consolidation Calculator

Debt consolidation analysis

Consolidation can simplify payments or reduce interest, but fees and longer terms can erase savings. This calculator compares the current debt payoff path with a new fixed consolidation loan.

Worked example

If current debts require $650 per month and a consolidation loan offers a lower APR with a $500 fee, the tool compares payment, payoff time, total interest and how many months it takes for payment savings to offset fees.

Methodology

Current debts are simulated using their balances, APRs and payments. The new loan amortizes the combined balance plus fees over the selected term.

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Sources and review

Last reviewed: August 16, 2026.

See the calculator methodology and data sources pages.

Frequently asked questions

What is break-even?

Break-even is the estimated time for monthly payment savings to offset consolidation fees.

Can consolidation cost more?

Yes. A lower payment over a much longer term can increase total interest.

Does this affect credit score?

The calculator does not estimate credit score impact. Applications, utilization and account changes can matter.