Debt Consolidation Calculator
Consolidation trades multiple rates for one — sometimes lower, sometimes just longer. Compare total cost honestly before moving.
Monthly payment change
−$38.34
- New fixed payment
- $461.66
- New total interest
- $2,619.91
- Old path interest
- $5,500.00
- Interest difference
- $2,880.09
Positive difference = consolidation lowers the payment.
How the Debt Consolidation Calculator works
The calculation follows the standard method used across the US — no shortcuts, no hidden assumptions. Here is exactly what happens behind the scenes:
Frequently Asked Questions
Does consolidation hurt credit?
The application triggers one hard inquiry; closing paid-off cards afterwards can raise utilization and dip scores temporarily. Long-run, on-time single payments help.
When is consolidation a win?
When the new APR meaningfully undercuts the weighted old rate AND the term isn't stretched so far that lifetime interest grows despite cheaper months.
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