Debt Consolidation Calculator

Compare the total cost of your existing debts against a single consolidated loan. See monthly payment reduction and total interest savings.

EXISTING DEBTS

CONSOLIDATED LOAN

CURRENT TOTAL EMI

$1,300/mo

NEW CONSOLIDATED EMI

$1,014/mo

Total debt: $50,000 | Monthly savings: $286

When Does Debt Consolidation Make Sense?

Debt consolidation works best when the consolidated loan rate is significantly lower than your weighted average current rate. It simplifies multiple payments into one, reduces total interest, and can lower your monthly cash outflow.

  • Best for: High-interest credit card debt (18-24%) consolidated into a personal loan (8-12%)
  • Risky if: You continue accumulating new debt after consolidating
  • Consider: Balance transfer cards with 0% intro APR for debts under $15K

Debt Consolidation Calculator FAQ

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