Debt Consolidation Calculator
Combine two existing debts and see the new monthly payment if consolidated into one loan.
Calculate
Enter your values below.
Result
Formula used
The two balances are combined, and their weighted-average rate is compared against the new consolidated loan's monthly payment.
How to use this calculator
- Enter Debt A balance, Debt A rate (%), Debt B balance, Debt B rate (%), New consolidated loan rate (%), New loan term (months).
- Press Calculate to see your result instantly.
FAQ
Frequently asked questions
What is the 'blended rate'?
The weighted average of your current debts' interest rates, based on their balances — useful to compare against the new consolidated rate.
Is consolidation always cheaper?
Only if the new rate is meaningfully lower than your blended rate, and the new term doesn't stretch out the payoff so much that total interest rises.
Can I consolidate more than two debts?
This tool handles two for simplicity — add more balances into 'Debt A' or 'Debt B' by summing them together if needed.
Does this account for fees?
No — check for any origination or balance-transfer fees on your new consolidated loan separately.