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Debt Consolidation Calculator

Compare current debt obligations with a consolidation loan, including financed fees, the new payment and repayment-term effects.

Currency: USD

Enter all amounts in USD. Changing currency keeps numbers unchanged; no exchange rate is applied.

Your inputs

One debt per line. Payments and interest are monthly; no new purchases.

Calculations run in your browser. No account needed.

EXAMPLE RESULTCalculated locally
Regular monthly payment
$329.33
Loan amount
$15,500.00
Total interest
$4,259.75
Total payments
$19,759.75
Payoff time
60 months
Current total minimum payments
$400.00
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Loan balance over time

USD
Balance
03.8K7.6K11.5K15.3K13060
Payment 60
Balance$0.00

Loan payment breakdown

USD

Principal and interest over the loan term.

Total$19,759.75
  • Principal$15,500.0078.4%
  • Interest$4,259.7521.6%

Detailed breakdown

All 60 rows

The complete calculation, row by row. Amounts in USD.

Swipe or scroll horizontally for more columns.
Detailed breakdown · All 60 rows
PaymentMonthPayment amount (USD)Principal (USD)Interest (USD)Balance (USD)
12026-11329.33200.16129.1715,299.84
22026-12329.33201.83127.5015,098.01
32027-01329.33203.51125.8214,894.49
42027-02329.33205.21124.1214,689.29
52027-03329.33206.92122.4114,482.37
62027-04329.33208.64120.6914,273.72
72027-05329.33210.38118.9514,063.34
82027-06329.33212.13117.1913,851.21
92027-07329.33213.90115.4313,637.31
102027-08329.33215.68113.6413,421.62
112027-09329.33217.48111.8513,204.14
122027-10329.33219.29110.0312,984.84
132027-11329.33221.12108.2112,763.72
142027-12329.33222.96106.3612,540.76
152028-01329.33224.82104.5112,315.93
162028-02329.33226.70102.6312,089.24
172028-03329.33228.59100.7411,860.65
182028-04329.33230.4998.8411,630.16
192028-05329.33232.4196.9211,397.75
202028-06329.33234.3594.9811,163.40
212028-07329.33236.3093.0310,927.10
222028-08329.33238.2791.0610,688.83
232028-09329.33240.2689.0710,448.58
242028-10329.33242.2687.0710,206.32
252028-11329.33244.2885.059,962.04
262028-12329.33246.3183.029,715.73
272029-01329.33248.3680.969,467.37
282029-02329.33250.4378.899,216.93
292029-03329.33252.5276.818,964.41
302029-04329.33254.6374.708,709.78
312029-05329.33256.7572.588,453.04
322029-06329.33258.8970.448,194.15
332029-07329.33261.0468.287,933.10
342029-08329.33263.2266.117,669.88
352029-09329.33265.4163.927,404.47
362029-10329.33267.6361.707,136.85
372029-11329.33269.8659.476,866.99
382029-12329.33272.1057.226,594.89
392030-01329.33274.3754.966,320.51
402030-02329.33276.6652.676,043.86
412030-03329.33278.9650.375,764.89
422030-04329.33281.2948.045,483.60
432030-05329.33283.6345.705,199.97
442030-06329.33286.0043.334,913.97
452030-07329.33288.3840.954,625.60
462030-08329.33290.7838.554,334.81
472030-09329.33293.2136.124,041.61
482030-10329.33295.6533.683,745.96
492030-11329.33298.1131.223,447.84
502030-12329.33300.6028.733,147.25
512031-01329.33303.1026.232,844.15
522031-02329.33305.6323.702,538.52
532031-03329.33308.1721.152,230.34
542031-04329.33310.7418.591,919.60
552031-05329.33313.3316.001,606.27
562031-06329.33315.9413.391,290.32
572031-07329.33318.5810.75971.75
582031-08329.33321.238.10650.52
592031-09329.33323.915.42326.61
602031-10329.33326.612.720.00

How it works

A useful distinction

A deducted fee needs grossing up

To receive 10,000 after a financed fee equal to 5% of the gross note, the note must be 10,526.32. Simply adding 500 leaves only 9,975 after the fee is deducted.

Checking whether consolidation reduces total cost

Consolidation replaces several payment streams with a new borrowing arrangement. Compare the new term, fees, and total repayment with the existing debts, not just the first monthly payment. A longer term may make the payment smaller while keeping debt outstanding for longer. Use the fee-adjusted comparison to see how supported upfront charges affect the apparent savings.

Consolidation comparison: formula and assumptions

New principal = sum of balances + financed fees. Compare the amortizing new payment with current payment obligations.

A lower monthly payment can increase total interest when it extends the repayment term.

Consolidation with fee-adjusted comparison: formula and assumptions

New total cash = installments + upfront fee. Savings = old total cash − new total cash.

Compare the full repayment cost with existing fixed minimums. Percentage fees may apply to debt principal or a gross note; a financed gross-note fee is solved by dividing debt by one minus the fee rate.

Worked example

Reference example currency: USD. These fixed examples do not change with your calculator preferences.

Using the Consolidation comparison example:

Inputs
Debts: balance, APR %, minimum monthly payment
5000, 22, 150 10000, 12, 250
New loan annual rate (%)
10
New loan term
5
Financed consolidation fees ($)
500
Method

New principal = sum of balances + financed fees. Compare the amortizing new payment with current payment obligations.

Result

Example result

Regular monthly payment: $329.33

Loan amount: $15,500.00

Total interest: $4,259.75

Total payments: $19,759.75

Payoff time: 60 months

Current total minimum payments: $400.00

These are illustrative inputs. Change the values to explore a different scenario.

Formula references

References explain the underlying methods; they do not imply endorsement or individual professional review of Finflo.

Common questions

Are consolidation fees added to the new loan?

The modeled financed fees are added to the combined debt balance before calculating the new loan payment.

Is a lower monthly payment necessarily a cheaper consolidation?

No. A longer repayment term can reduce payments while increasing total interest. Compare fees, interest and time in debt together.

Prepared by Finflo. See our methodology and editorial policy. Read the relevant professional-advice limitations.