Debt Consolidation Calculator
List your current debts and a new consolidation rate to see your blended interest rate today, your single new payment, and how much interest you'd save each month.
Monthly interest saved
Debt consolidation makes sense when your new rate is meaningfully lower than the blended rate you're paying across your existing debts. Credit cards routinely charge 19.99% or more, so rolling those balances into a secured loan at single-digit rates can save hundreds of dollars in interest every month.
The cheapest consolidation options are usually secured against your home — a mortgage refinance or a HELOC — because they carry the lowest rates. Just weigh any prepayment penalty to break your current mortgage term against the interest you'll save.
The key is discipline: consolidation only works if you stop adding new high-interest debt. Use the single lower payment to clear the balance faster, not to free up room to borrow again.
Related tools & guides
HELOC Calculator
See how much equity you could draw to pay off high-interest debt.
Refinance Calculator
Compare refinancing your mortgage to consolidate debt at a low rate.
Penalty Calculator
Check the cost of breaking your term before you refinance.
Mortgage Calculator
Model a new mortgage that absorbs your consolidated debt.
Affordability Calculator
See how lower debt payments improve what you can borrow.
Mortgage Glossary
Understand APR, secured debt, and blended rates.
Related guides
Find the Cheapest Way to Consolidate
Compare a HELOC against a full refinance to clear your debt for less.