Debt Consolidation Calculator

Compare the payoff cost of existing debt with a proposed consolidation loan, including origination fees.

Debt & Loan Inputs

Current Total Debt ($)Current Weighted Average APR (%)Current Monthly Payment ($)Consolidation Loan APR (%)New Loan Term (Months)Origination Fee (% Added to Loan)

Consolidation Comparison

New Loan Amount Including Fee: $20,600.00

New Monthly Payment: $532.42

Total New Loan Payments: $25,556.05

New Interest Plus Origination Fee: $5,556.05

Current Debt Payoff Time: 52 months

Current Debt Remaining Interest: $11,192.20

Estimated Cost Difference (Current Minus New): $5,636.15

Assumes all existing debts share one weighted-average APR, no additional borrowing, fixed payments and rates, and the loan fee is financed. A lower monthly payment may still cost more overall if the term is longer.