Debt Consolidation Calculator
See if consolidating your debts into one loan lowers your payment or interest. This free online financial calculator runs entirely in your browser — no signup, no data sent anywhere.
Inputs
Results
Interactive Chart
Drag to pan, scroll to zoom, shift+drag to box-zoom. Combined view of balance, principal paid, interest paid, and total paid.
Amortization Schedule
| Period | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| Click Calculate to generate the schedule. | ||||
How It Works (Formula & Method)
This calculator takes Total Debt ($), Consolidation Rate (%), Term (years), and Extra Monthly ($) as input and computes Monthly Payment, Total Interest, Total Paid, and Payoff Time. The math runs entirely in your browser the moment you change a value — nothing is sent to a server, and your inputs are never stored.
The formula used is the standard financial calculation for this metric. For a full step-by-step derivation with the default values, see the Worked Example section below.
Worked Example
Below is a worked example using the calculator's default values. The same numbers are pre-filled in the form above so you can press Calculate and see the result without typing anything.
Inputs used:
- Total Debt ($): 25000
- Consolidation Rate (%): 9
- Term (years): 5
- Extra Monthly ($): 0
With these inputs, the calculator computes the metrics shown in the Results panel. Change any value and press Calculate again to see how the result responds — the live widget and the chart both update instantly.
Frequently Asked Questions
What does the Debt Consolidation Calculator compute?
The Debt Consolidation Calculator takes 4 input values and returns 4 results. See if consolidating your debts into one loan lowers your payment or interest.
Is my data sent to a server?
No. The Debt Consolidation Calculator runs entirely in your browser using static JavaScript. Your inputs are never transmitted to CalculatorHive or any third party, and nothing is stored after you close the page.
Is this calculator free to use?
Yes. Every calculator on CalculatorHive is completely free. There is no signup, no paywall, and no usage limit. The site is supported by display advertising and affiliate partnerships, which are clearly labeled.
Can I rely on this result for tax or financial decisions?
Results are estimates intended for educational use. Tax brackets, interest rates, and program rules change frequently and vary by jurisdiction. Always consult a licensed CPA, financial advisor, or attorney before acting on the figures.
Reviewed against: IRS publications, Consumer Financial Protection Bureau (consumerfinance.gov), and current published market data. Results are estimates for educational use only — not financial, tax, or legal advice.