Iterative Debt Consolidation Savings Calculator
See exactly how much interest and time you could save by consolidating your credit cards and loans into a single consolidation loan, based on real amortization math.
About this calculator
Compare paying off multiple debts separately versus consolidating them into a single loan, with a month-by-month amortization projection of interest and payoff time.
Frequently Asked Questions
How does this calculator estimate payoff time?
It runs a month-by-month amortization simulation for your current debts at your existing payment amount, and compares it against a fully amortized consolidation loan at your new rate and term.
Will consolidation always save me money?
Not necessarily. If the new loan term is much longer than your current payoff timeline, you could pay more in total interest even at a lower rate. Compare both the interest and months saved figures.
What if my current monthly payment is too low to cover interest?
If your payment doesn't exceed your monthly interest charge, the balance will never be paid off — the calculator will flag this by showing the maximum simulated months.