Enter your current debts and a loan you are considering. See how the monthly payment, payoff time and total cost compare. Free, and nothing to sign up for.
Use the payment you actually make each month. Credit cards, store cards and other loans all work.
Leave the loan amount blank and we will use enough to cover your debts plus the fee. The rate, term and fee shown are placeholders. Replace them with the numbers from a real quote.
| Your debts today | Consolidation loan | |
|---|---|---|
| Total owed | – | – |
| Interest rate | – | – |
| Monthly payment | – | – |
| Time to be debt-free | – | – |
| Total interest | – | – |
| Loan fee | – | – |
| Total cost (interest + fees) | – | – |
Enter at least one debt to see the comparison.
Assumes you keep paying the same amount on each debt every month, no new charges, and a fixed rate on every debt and on the loan. Real balances, rates and minimum payments change, so treat this as an estimate.
A lower monthly payment can come from a longer term, and a longer term usually means more interest overall. Fees add to the cost too. Compare the total cost line, not just the payment.
No. It swaps several debts for one. If the cards fill back up afterward, you can end up owing both. Many people find a fixed payoff date helpful, but it only works if spending stays in check.
It can be, but it is secured by your home, so missing payments puts the home at risk. Our HELOC vs personal loan vs cash-out refinance calculator compares the options.
It is an estimate based only on what you enter. Your approved rate, fees and term depend on your credit and the lender. The lender's offer is the number that counts.
This calculator is for education only and is not an offer of credit or financial advice. Results are estimates and are not guaranteed. We are not a lender, broker or financial advisor. See our advertiser disclosure.
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