Debt Consolidation Calculator
Add each credit card balance and APR, then set a target consolidation loan APR and term to see how much monthly payment and total interest you could save.
See what one loan saves vs. your cards
Enter your card balances and APRs, then compare paying minimums forever to consolidating into one fixed-rate loan.
For example only. Card payoff time estimates assume you pay only the typical monthly minimum and never charge again. Real card minimums, APRs, and issuer terms vary. Your consolidation loan APR and term will depend on your credit profile and are set by our lending partners.
How the savings estimate works
The "current path" assumes you pay only the typical monthly minimum on each card (the greater of $25 or 1% of the balance plus that month's interest) and never charge again. Real card minimums vary by issuer. The "consolidation path" assumes you pay off every card in full on day one using a fixed-rate personal loan at the APR and term you selected.
The gap between the two — often tens of thousands of dollars over the life of the debt — is the structural cost of revolving vs. installment debt. It's why debt consolidation is one of the most frequently used and most effective uses of a personal loan.
Check your real consolidation rate → or read our full guide on how consolidation affects your credit score.