Debt Consolidation Calculator

Compare your current debt payments with a consolidated loan to see potential savings.

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Important Financial Disclaimer

This calculator provides estimates based on standard financial formulas from verified references. Results are for informational and educational purposes only and should not be considered as professional financial, investment, or tax advice.

For important financial decisions such as loans, investments, mortgages, retirement planning, or tax matters, please consult with qualified financial advisors, certified financial planners, or licensed tax professionals who can review your specific situation.

Calculations may not account for all variables specific to your circumstances, local regulations, or current market conditions. Always verify results and consult professionals before making financial commitments.

Not a substitute for professional financial advice

Current Debts

Debt 1
$
%
$
Debt 2
$
%
$
Debt 3
$
%
$

Consolidation Loan Terms

%
months

Monthly Savings

$175.58

per month with consolidation

Total Debt
$16,000.00
Interest Savings
$2,284.66

Current vs Consolidated

Current Monthly Payment$500.00
Consolidated Payment$324.42
Monthly Savings$175.58

Interest Comparison

Current Avg Rate16.44%
Current Total Interest$5,750.00
Consolidated Interest$3,465.34
Total Savings$2,284.66

Payoff Timeline

Current Payoff Time52 months
Consolidated Term60 months
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sources

  • Reserve Bank of India (RBI) — Financial regulations, lending rates, and monetary policy guidelines. rbi.org.in
  • Consumer Financial Protection Bureau (CFPB) — Consumer finance guidelines, mortgage and loan disclosure standards. consumerfinance.gov
  • Securities and Exchange Board of India (SEBI) — Investment and securities market regulations. sebi.gov.in
  • Investopedia — Financial formulas, definitions, and educational content. investopedia.com

For a complete list of all references used across the site, visit our full sources page.

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Editorial Note

MyCalcBuddy Editorial Team

This page is maintained as an educational calculator reference.

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Formula Source: Fundamentals of Financial Management

by Brigham & Houston

🔄Last reviewed: May 2026
✓Formula checks are based on standard references and internal QA review.