✦ Updated  ·  Free Debt Consolidation Calculator — See Your Exact Savings Instantly
🧮 Debt Consolidation Calculator —

Debt Consolidation
Savings Calculator

Enter your debts below and see exactly how much you save by consolidating — in seconds. Free. No email required. Then apply free in 2 minutes if the savings make sense.

✓ Free calculator  ·  ✓ Instant results  ·  ✓ Bad credit OK  ·  ✓ Same-day deposit
🧮 Free Calculator
⚡ Instant Results
💵 See Real Savings
🔒 No Email Needed
✅ Bad Credit OK
Home › Debt Consolidation › Calculator
Last updated: · Reviewed by Money247 Editorial Team
Most people making minimum payments have no idea what their debt is actually costing them. This calculator shows you the true cost of your current debts — and exactly how much you save by consolidating into one personal loan. Enter your debts below, enter a consolidation loan rate, and see your savings instantly. Then apply free at Money247.com if consolidation makes sense for your situation.

🧮 Enter Your Debts

Add each credit card, loan, or debt — balance, APR, and minimum payment

💳 Your Current Debts
Debt #1
Debt #2
🏦 Consolidation Loan Terms
💡 Bad credit borrowers typically see 29%–36% APR. Good credit: 12%–20%. Not sure? Use 29% as a starting estimate — your actual rate may be lower after applying.
💵 Your Debt Consolidation Savings
$0
Total interest saved by consolidating
✗ Current Path $0/mo Payoff in years Interest: $0
✓ After Consolidation $0/mo Payoff in months Interest: $0
DebtBalanceAPRSavings
Apply for My Consolidation Loan — Free →
Key Facts — Debt Consolidation
11+ YrsAvg payoff on $10K at minimums only
3 YrsPayoff with 36-month consolidation loan
500+Min score for consolidation — bad credit OK
Same DayDeposit — cards paid off today
Frequently Asked Questions
How accurate is this debt consolidation calculator?+
This calculator uses standard amortization formulas. For minimum payments it estimates 2% of outstanding balance as the minimum payment if you enter a minimum. Results are estimates — your actual savings depend on your exact current minimum payment structure and the consolidation rate you qualify for. Apply free at Money247.com to see your actual rate.
What APR should I enter for the consolidation loan?+
Bad credit borrowers (500–579) typically see 29%–36% APR. Fair credit (580–669) typically sees 20%–29%. Good credit (670+) typically sees 12%–20%. Use 29% as a conservative starting estimate. Your actual rate may be lower after applying — apply free at Money247.com with soft check only to see your real competing offers.
Is debt consolidation worth it?+
Consolidation is worth it when the new fixed rate is lower than your combined credit card average, when you want a specific payoff date, and when the lower monthly payment provides real budget relief. The calculator above shows your exact savings — if the number is significant, consolidation is worth it. Apply free at Money247.com to see real competing offers.
Can I consolidate debt with bad credit?+
Yes. Money247.com connects bad credit borrowers with 300+ consolidation lenders accepting scores from 500. The fact that your score dropped because of high credit card utilization does not prevent consolidation. Bad credit lenders weight income heavily alongside your score.

Ready to Consolidate? — Apply Free in 2 Minutes

300+ lenders competing. Bad credit from 500. Soft check only. Same-day deposit. All cards paid off today. Free to apply.

Apply for Consolidation Loan — Free →
🔄
Debt Consolidation Loans
→
💳
Credit Card Debt Relief
→
💡
Debt Consolidation — Bad Credit
→
🧮
Personal Loan Calculator
→
⚡
How to Get Out of Debt Fast
→
Disclaimer: Calculator results are estimates for illustrative purposes. Money247.com is a loan matching service, not a direct lender. Loan approval is not guaranteed.

See Your Savings? —
Apply Free in 2 Minutes

300+ lenders competing for your consolidation. Bad credit OK. Soft check only. Same-day deposit. All cards paid off today. Free to apply right now.

Apply for Consolidation — Free →
By clicking you agree to our Terms of Use and Privacy Policy. Money247.com is a loan matching service, not a direct lender. Loan approval is not guaranteed.