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Debt Consolidation Calculator

Use this debt consolidation calculator to compare payment, payoff, or borrowing scenarios for debt consolidation.

Primary answer
Current payoff time
Inputs to verify
Total debt to consolidate, Current blended annual rate, and Current monthly payment
Use type
Use as an estimate that depends on assumptions.
Keyword intent
debt consolidation calculator

Calculator

Debt Consolidation Calculator

Calculates current payoff time from total debt to consolidate, current blended annual rate, current monthly payment. Defaults are filled in so you can review a working example before changing inputs.

USD

Current total balance across the debts being compared.

%

User-entered weighted or approximate annual rate for the current debts.

USD

Total amount currently paid each month toward the debts.

%

User-entered rate for the proposed consolidation loan.

months

Whole number of monthly payments for the proposed loan.

%

User-entered fee added to the new amount financed. Enter 0 if there is no fee.

Result

Result reflects the current submitted inputs.

  • Risk B
  • Reviewed 2026-05-26
  • 4 sources
Current payoff time40 months
Current total interest7,627.51 USD
Consolidation monthly payment611.38 USD
Consolidation total interest3,469.51 USD
Estimated interest savings4,158.01 USD
Monthly payment change-38.62 USD
Payoff time change-4 months
Consolidation amount financed18,540 USD
Origination fee amount540 USD
Current total paid25,627.51 USD
Consolidation total paid22,009.51 USD

Breakdown

Current first month interest
337.5 USD
Consolidation term
36 months
  • All rates, fees, and payments are user-entered; no current lender, issuer, or legal terms are looked up.
  • Current debt is simplified to one blended annual rate and one fixed monthly payment.
  • The proposed consolidation loan is a fixed-rate, fully amortizing monthly loan.
  • Origination fee is added to the new amount financed and not treated as tax or legal APR disclosure.
  • Credit score effects, approval odds, balance-transfer rules, prepayment penalties, and behavioral spending changes are excluded.
  • This is an educational comparison, not financial advice, legal advice, underwriting, or a debt-relief recommendation.

Accuracy notes

Risk level
B
Reviewed
2026-05-26
Sources
4
Primary result
Current payoff time

Formula logic is kept in a pure calculator module with fixtures, source notes, and page-visible assumptions.

Categories

What the result means

Use Current payoff time as the headline answer for debt consolidation. Estimated months to pay off current debt using the current monthly payment. Read the payment or payoff number first, then compare interest, balance, and timing outputs before changing a loan decision. Use current total interest, consolidation monthly payment, and consolidation total interest to explain why current payoff time moved when an input changed. Run at least one conservative and one optimistic scenario before comparing with a real quote or statement.

Current payoff timeEstimated months to pay off current debt using the current monthly payment.
Current total interestInterest estimated for the current-debt scenario.
Consolidation monthly paymentFixed payment for the proposed consolidation loan.
Consolidation total interestInterest paid on the proposed consolidation loan, excluding the fee as interest.

Use the result this way

  1. Start with Current payoff time, then use supporting outputs only to explain the primary answer.
  2. Verify total debt to consolidate, current blended annual rate, and current monthly payment before copying the result.
  3. Keep units consistent with the labels shown in the form, stay within the documented minimum and maximum ranges, and enter percentages as whole percents, such as 6.5 for 6.5%, unless a field says otherwise.
  4. Run at least one conservative and one optimistic scenario before comparing with a real quote or statement.

User job

How to use this calculator

Use Debt Consolidation Calculator when you need current payoff time, then use current total interest and consolidation monthly payment to check the context for planning conversations, quote comparisons, payment checks, and scenario review.

Best for

  • Comparing one financial scenario with another
  • Preparing questions for a lender, advisor, or statement review
  • Reviewing a default example before entering your own total debt to consolidate and current blended annual rate.

Check before relying

  • Verify rates, fees, timing, taxes, and local rules against official documents before acting.
  • All rates, fees, and payments are user-entered; no current lender, issuer, or legal terms are looked up.
  • Current debt is simplified to one blended annual rate and one fixed monthly payment.
  • Source context: Consumer Financial Protection Bureau, reviewed 2026-05-26.

Next useful step

Formula

The current-debt scenario simulates repayment with a fixed monthly payment and monthly rate. The consolidation scenario adds a user-entered origination fee to the balance and uses the fixed amortized-loan payment formula. Key assumptions: All rates, fees, and payments are user-entered; no current lender, issuer, or legal terms are looked up. Current debt is simplified to one blended annual rate and one fixed monthly payment. The proposed consolidation loan is a fixed-rate, fully amortizing monthly loan.

  • The current-debt scenario simulates repayment with a fixed monthly payment and monthly rate.
  • All rates, fees, and payments are user-entered; no current lender, issuer, or legal terms are looked up.
  • Current debt is simplified to one blended annual rate and one fixed monthly payment.
  • Primary source context: Consumer Financial Protection Bureau.

Inputs

Enter total debt to consolidate, current blended annual rate, current monthly payment, and consolidation loan annual rate for planning conversations, scenario checks, and lender or statement comparison. Before calculating, keep units consistent with the labels shown in the form, stay within the documented minimum and maximum ranges, and enter percentages as whole percents, such as 6.5 for 6.5%, unless a field says otherwise. Total debt to consolidate: Current total balance across the debts being compared. Current blended annual rate: User-entered weighted or approximate annual rate for the current debts. Current monthly payment: Total amount currently paid each month toward the debts.

Total debt to consolidateCurrent total balance across the debts being compared.
Current blended annual rateUser-entered weighted or approximate annual rate for the current debts.
Current monthly paymentTotal amount currently paid each month toward the debts.
Consolidation loan annual rateUser-entered rate for the proposed consolidation loan.
Consolidation loan termWhole number of monthly payments for the proposed loan.
Origination feeUser-entered fee added to the new amount financed. Enter 0 if there is no fee.

Example

Using the default inputs, Debt Consolidation Calculator returns current payoff time of 40. Adjust total debt to consolidate, current blended annual rate, current monthly payment, and consolidation loan annual rate to match your own scenario.

FAQ

How is current payoff time calculated here?

The current-debt scenario simulates repayment with a fixed monthly payment and monthly rate. The consolidation scenario adds a user-entered origination fee to the balance and uses the fixed amortized-loan payment formula. The first assumption to check is: All rates, fees, and payments are user-entered; no current lender, issuer, or legal terms are looked up.

What does Current payoff time mean for debt consolidation?

Read the payment or payoff number first, then compare interest, balance, and timing outputs before changing a loan decision. Secondary values such as current total interest, consolidation monthly payment, and consolidation total interest are there to explain the primary answer, not to replace it.

What should I enter for Total debt to consolidate?

Current total balance across the debts being compared. Use USD for this field. Keep units consistent with the labels shown in the form, stay within the documented minimum and maximum ranges, and enter percentages as whole percents, such as 6.5 for 6.5%, unless a field says otherwise.

How does Current blended annual rate change current payoff time?

User-entered weighted or approximate annual rate for the current debts. Changing it can alter current payoff time because the formula uses the submitted inputs together. Also compare APR period, compounding, fees, payment timing, taxes, insurance, and extra-payment assumptions.

Why does the debt consolidation example show 40 for current payoff time?

The default inputs produce 40 for current payoff time. Treat that as a format and scale check, then replace every default value with your own inputs.

What should I compare before using the debt consolidation payment result?

Compare the rate period, payment timing, fees, taxes, escrow items, payoff assumptions, and the actual quote or statement that governs the decision.

Sources

Last reviewed: 2026-05-26

  • Reviewed 2026-05-26
    What do I need to know about consolidating my credit card debt?Consumer Financial Protection Bureau. Debt consolidation limitations, teaser-rate caution, fee caution, and no-advice framing.
    Scope
    U.S. consumer guidance for credit-card debt consolidation; page last reviewed by CFPB on August 28, 2023.
    Supports
    Debt consolidation limitations, teaser-rate caution, fee caution, and no-advice framing.
  • Reviewed 2026-05-26
    What is the difference between credit counseling and debt settlement, debt consolidation, or credit repair?Consumer Financial Protection Bureau. Definition of consolidation loan as borrowing to repay separate loans, and warning that fees, term length, and costs can make total cost higher.
    Scope
    U.S. consumer explanation of debt consolidation loans and related alternatives; page last reviewed by CFPB on May 15, 2024.
    Supports
    Definition of consolidation loan as borrowing to repay separate loans, and warning that fees, term length, and costs can make total cost higher.
  • Reviewed 2026-05-26
    PMT functionMicrosoft Support. Fixed monthly payment formula for the proposed consolidation loan.
    Scope
    Financial function documentation for fixed payments under constant interest rate.
    Supports
    Fixed monthly payment formula for the proposed consolidation loan.
  • Reviewed 2026-05-26
    NPer functionMicrosoft Learn. Current-debt payoff period simulation assumptions.
    Scope
    Financial function documentation for fixed-payment payoff periods.
    Supports
    Current-debt payoff period simulation assumptions.

Disclaimer

This borrowing calculator is for educational payment and payoff estimates only. It is not a lender quote, credit approval, legal disclosure, tax advice, or a substitute for reviewing contracts, fees, escrow items, and local rules.