Financial calculators
Debt Consolidation Comparison
Compare existing debt payments with a new fixed-rate consolidation estimate.
Calculator & Result
Illustrative estimate only. This is not tax, legal, lending, or investment advice; verify rules and terms that apply to you.
How to Use This Calculator
- Review the default values and replace them with your own Debt A balance, Debt A APR (%), Debt B balance.
- Keep units, dates, percentages, and time periods consistent with the labels shown beside each field.
- Read the primary result first, then compare the supporting results and assumptions below it.
- Change one assumption at a time to see how sensitive the estimate is before using it in a real decision.
Detailed Breakdown
Balances and the stated fee are combined into a new principal, then a fixed-rate payment formula estimates the new monthly payment. The old-debt comparison shows first-month interest from the supplied balances and APRs, not their full payoff schedules.
This page reports Consolidation payment, Consolidation total paid, Current first-month interest. The first value is the headline estimate; the other values help you understand the calculation rather than acting as separate guarantees. Use the result as a comparison starting point, and test a conservative and an optimistic input set when the decision has financial, health, safety, or construction consequences.
Examples
Using the sample inputs (Debt A balance: 8,000; Debt A APR (%): 19; Debt B balance: 5,000), the consolidation payment is $337.32. Change the inputs above to try your own values.
Assumptions and Limitations
- Balances and the stated fee are combined into a new principal, then a fixed-rate payment formula estimates the new monthly payment. The old-debt comparison shows first-month interest from the supplied balances and APRs, not their full payoff schedules.
- Small changes in the inputs can materially change the output. Rounded values, missing fees, unusual cases, and local rules may not be represented.
- Illustrative estimate only. This is not tax, legal, lending, or investment advice; verify rules and terms that apply to you.
- Verify important results against an authoritative source or qualified professional before acting.
Frequently Asked Questions
What does the Debt Consolidation Comparison calculate?
Compare existing debt payments with a new fixed-rate consolidation estimate. Balances and the stated fee are combined into a new principal, then a fixed-rate payment formula estimates the new monthly payment. The old-debt comparison shows first-month interest from the supplied balances and APRs, not their full payoff schedules.
How should I use the result?
Use it to compare scenarios and identify the inputs that matter most. Recalculate after changing assumptions, and do not treat an estimate as a quote, diagnosis, approval, or guarantee.
Why might my real-world result be different?
Actual results can differ because of fees, taxes, rounding, timing, eligibility rules, measurement error, market changes, or local requirements that are not included in this simplified model.
Can I rely on this estimate as a final decision?
No. Review the displayed assumptions and verify important results with an appropriate professional or authoritative source before acting.