Debt Consolidation Analyzer
Roll multiple debts into one loan. Does it actually save you money? This calculator accounts for the origination fee that lenders often bury.
NameBalanceAPR %Min PaymentMonths Left
$
%
$
$
%
$
$
%
$
Consolidation Loan
%
mo
%
Net Savings
$2,534
by consolidating
Monthly Payment Change
$21
lower per month
Origination Fee
$460
2% of total balance
Break-Even
6 mo
until fee is recovered
Keep Existing Debts vs. Consolidate
Keep Existing Debts
Monthly payments
$510/mo
Total interest
$9,308
Longest payoff
4 yr
Fees
$0
Total cost
$9,308
Consolidation Loan
Monthly payment
$489/mo
Total interest
$6,314
Payoff timeline
5 yr
Origination fee
$460
Total cost
$6,774