Debt Consolidation Calculator | Analyze Savings & Fees
Use this debt consolidation calculator to calculate savings by consolidating multiple cards or loans into one personal loan. Model rate drops, origination fees, and monthly cash flow.
Net Lifetime Savings
$6,640
✓ Favorable: Consolidating saves you money!
Monthly Payment Delta-$63/mo
Interest Savings$7,040
Payoff Months Diff20 Months
Current Debts Portfolio
Card A
$8,000 @ 24% APR | Pmt: $240
Card B
$12,000 @ 19% APR | Pmt: $360
Add Debt Entry
Proposed Loan Terms
Cost Structure Comparison Chart
Repayment Trajectory Warnings
Analysis SummaryThe current weighted portfolio APR is 21% compared to the proposed 10.5%. Total out-of-pocket costs on current path is $30,510 vs. consolidated path of $23,870.
Detailed Path Matrix
| Repayment Metrics | Current Path | Consolidated Path | Repayment Advantage |
|---|---|---|---|
| Principal / Outstanding Amount | $20,000 | $20,400 | Additional Bal |
| Annual Interest Rate (APR) | 21% (Weighted) | 10.5% | +10.50% drop |
| Monthly Payment Outflow | $600 | $663 | $63/mo extra |
| Total Repayment Timeline | 56 Months | 36 Months | 20 mos faster |
| Origination processing Fees | $0.00 | $400 | -$$400 |
| Aggregate Interest Accrued | $10,510 | $3,470 | $7,040 saved |
| Aggregate Lifetime Costs | $30,510 | $23,870 | $6,640 saved |