Compare three existing debts with a consolidation loan using the same monthly budget, financed or upfront fees, total interest and modeled debt-free months. Use the example values or enter your own numbers to explore an estimate.
Currency formatting only—not an exchange-rate conversion. No country-specific tax or government rules are applied.
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The PDF includes active input values and option labels, results, sources, model assumptions, and the schedule when available. Schedule periods follow the model: years, months, or actual payments.
Links include eligible rate, term or frequency assumptions only. Dollar amounts are never included. Recipients must enter their own amounts; the link will not reproduce your full financial scenario.
Accrue monthly interest at nominal annual rate/12 on each existing debt, pay its entered fixed payment and roll freed budget to the highest-rate balance. Compare a consolidation loan using that same total budget, subject to its contractual minimum. Track total interest and fees, payoff months and the first cumulative borrowing-cost crossover.
Source/rule review year: Not applicable — general mathematical model.
This fictional scenario uses the calculator's example assumptions: $8,000 at 20% with a $250 fixed payment, $4,000 at 15% with a $150 payment, a third debt at zero, and a proposed 9% five-year consolidation loan with $300 of fees paid upfront.
| Part | Item | Value |
|---|---|---|
| Input | Debt 1 balance | USD 8,000.00 |
| Input | Debt 1 annual interest rate | 20 % |
| Input | Debt 1 fixed monthly payment | USD 250.00 |
| Input | Debt 2 balance | USD 4,000.00 |
| Input | Debt 2 annual interest rate | 15 % |
| Input | Debt 2 fixed monthly payment | USD 150.00 |
| Input | Debt 3 balance | USD 0.00 |
| Input | Debt 3 annual interest rate | 0 % |
| Input | Debt 3 fixed monthly payment | USD 0.00 |
| Input | Consolidation annual interest rate | 9 % |
| Input | New loan contractual term | 5 years |
| Input | All consolidation loan fees | USD 300.00 |
| Input | Fee treatment | Paid upfront |
| Input | First payment month (1–12) | 11 |
| Input | First payment year | 2026 |
| Result | Lifetime borrowing-cost savings after fees | US$2,335.41 |
| Result | Common monthly payment budget | US$400.00 |
| Result | Required new-loan minimum payment | US$249.10 |
| Result | Existing strategy payoff time | 3 yr 5 mo |
| Result | Consolidation payoff time at common budget | 2 yr 11 mo |
| Result | Existing strategy total interest | US$4,280.73 |
| Result | Consolidation total interest | US$1,645.32 |
| Result | Loan fees | US$300.00 |
| Result | Existing total repayments | US$16,280.73 |
| Result | Consolidation repayments plus upfront fees | US$13,945.32 |
| Result | First modeled cost crossover | 4 months |
The model keeps the existing debt strategy and consolidation option on the same monthly budget, reallocating freed payments and including fees in borrowing cost. A lower required payment is not necessarily lower total cost; check the calculated cost comparison and debt-free timing together.
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