Debt Consolidation Savings Calculator

How to use the result

Copy balances, APRs, payments, loan term, and fees from current statements and a written quote. This model is for fixed-rate debt and a fixed-rate replacement loan. It does not model promotional or variable rates, daily credit-card interest, payment allocation, debt settlement, secured borrowing risk, approval, credit-score effects, or a recommendation.

When to use this calculator

• Answering the specific debt consolidation savings question with your own inputs
• Testing how one entered assumption changes the result
• Preparing a documented planning scenario before checking current quotes, contracts, rules, or nonfinancial tradeoffs

Tips for better estimates

• Replace every sample value with a current amount that uses the same unit and time period as the field label.
• Change one assumption at a time so the effect on the result remains clear.
• Confirm contracts, quotes, policies, eligibility, safety limits, and nonfinancial tradeoffs outside the arithmetic.

How this calculator is reviewed

This page is checked for inputs, formulas, examples, assumptions, topic fit, and related links. For this calculator, the review also covers the entered values and units, calculation method, final rounding, status boundary, omitted costs or benefits, current quotes or contracts, eligibility or legal limits, and nonfinancial tradeoffs.

The sample result is covered by automated tests, and the page links to related calculators and, where available, supporting guides so readers can check the assumptions before acting. If a formula, label, or assumption looks off, send the page URL and your inputs through the contact page.

Worked example

Example inputs: Debt 1 balance: $6000; Debt 1 fixed APR: 24.99 %; Debt 1 planned monthly payment: $200; Debt 2 balance: $4000; Debt 2 fixed APR: 18.99 %; Debt 2 planned monthly payment: $150; Debt 3 balance: $0; Debt 3 fixed APR: 0 %; Debt 3 planned monthly payment: $0; Debt 4 balance: $0; Debt 4 fixed APR: 0 %; Debt 4 planned monthly payment: $0; Quoted fixed consolidation APR: 12 %; Quoted consolidation term: 36 months; Quoted origination fee: $300; How the origination fee is paid: Financed in the new loan. With those values, the calculator returns Save $2,432.81 in modeled interest and fees with consolidation. The separately paid current debts estimate $4,748.64 of interest over 4 years. The consolidation loan estimates $2,015.83 of interest plus a $300.00 fee over 3 years. A lower payment can still cost more when the term is longer.

Example scenarios

• Use Save $2,432.81 in modeled interest and fees with consolidation as the sample result under the displayed inputs, not as a universal benchmark.
• Replace the sample values with one internally consistent scenario, then change one input at a time to see what drives the result.
• Apply the stated boundary carefully: Copy balances, APRs, payments, loan term, and fees from current statements and a written quote. This model is for fixed-rate debt and a fixed-rate replacement loan. It does not model promotional or variable rates, daily credit-card interest, payment allocation, debt settlement, secured borrowing risk, approval, credit-score effects, or a recommendation.

Quick reference chart

Common planning mistakes

Mixing units or time periods, leaving sample values unchanged, omitting required fees or costs, rounding before the final result, and treating an entered planning scenario as a quote, approval, legal determination, or guarantee.