Debt Consolidation Calculator
See what a single consolidation loan would cost if you rolled your credit cards and other balances into one fixed payment. Enter the total amount you'd consolidate, the loan's APR and the term to get the monthly payment, total interest and a full payoff schedule.
How to use it
Add up the balances you want to combine and enter the total as the amount. Put in the APR of the consolidation loan and the term. The calculator shows one fixed monthly payment and the total interest you'd pay — compare that against the blended rate and minimums you're paying now.
Consolidation usually helps when the new rate is lower than the average rate on your current debt, and when a fixed term keeps you from carrying balances indefinitely. A longer term lowers the payment but can raise total interest, so check both numbers before committing.
Frequently asked questions
What should I enter as the amount?
The combined total of every balance you plan to roll into the new loan — credit cards, store cards, medical bills, other personal loans. That sum becomes the principal of your single consolidation loan.
Will consolidating save me money?
It can, if the consolidation rate is below the weighted-average rate on your current debts and you don't stretch the term so far that the extra months wipe out the rate savings. Compare the total interest here against what you'd pay on your current path.
Does this affect my credit score?
Applying triggers a hard inquiry and a new account, which can dip your score briefly. Paying balances down to zero and making on-time fixed payments generally helps over time. This tool estimates cost only, not score impact.
BriskToolbox provides estimates for general information only and is not financial advice.