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Debt Consolidation ROI Calculator
See if consolidating multiple debts into one loan will save you money or cost you more.
Your Current Debts
Debt 1
$
$
Payoff Time:48 months
Debt 2
$
$
Payoff Time:44 months
Current Situation
Total Debt
$8,000.00
Monthly Payment
$250.00
Payoff Timeline
48 months
Total Interest
$3,600.00
Consolidation Loan Offer
$
New Monthly Payment:
$166.03
New Payoff Timeline:
60 months
Total Interest + Fees:
$2,461.68
Current Loan
Current Multiple Debts
Monthly Payment $250
Total Interest $3,600
Total Cost $11,600
Consolidated Loan
Single payment, simpler management
Monthly Payment $166
Total Interest $2,462
Total Cost $10,462
+$1,138 savings
← Drag the slider to compare →
✅
Consolidation Recommended
You could save $1,138.32 in total interest by consolidating. Your monthly payment would decrease by $83.97.
Monthly Savings
+$83.97
Total Interest Savings
+$1,138.32
Time Difference
+12 months
Debt Payoff Timeline Comparison
Current Debts (48 months)$11,600.00 total
48mo
Consolidated Loan (60 months)$10,461.68 total
60mo
Disclaimer: This calculator is provided as-is for educational purposes. Results are estimates based on the information you provide. Actual loan terms, rates, and savings may vary. Consolidation may affect your credit score. Always consult with a financial advisor before consolidating debt.
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