Debt Consolidation Calculator
Compare paying your debts as they are with a consolidation loan: payment, time, interest, fees and the real APR.
Change the values and press Calculate to work out your own figures.
Add your debts and the loan's amount, rate, term and fee.
Show the working
- loan payment = amount × i ÷ (1 − (1 + i)^−n)
- real APR repays the amount less the fee
How to use it
Add your debts and the loan's amount, rate, term and fee.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
loan payment = amount × i ÷ (1 − (1 + i)^−n); real APR = the rate at which the payments repay the amount less the fee
Worth it?
A consolidation loan helps only if its real APR, fees included, beats your debts' and you don't run the cards back up.
Questions
What is the payment on $25,000 at 10.99% over 5 years?
$543.44 a month.
Formulas
loan payment = amount × i ÷ (1 − (1 + i)^−n); real APR = the rate at which the payments repay the amount less the fee
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.