Debt consolidation calculator
A debt consolidation calculator compares your current high-rate debt against a single consolidation loan at the same monthly payment, so you see exactly how much interest and time you’d save. It only reports a saving when the new rate genuinely beats your current debt — consolidating into a higher rate never helps.
You could save
$7,202
How this estimate is calculated
We amortize a consolidation loan for your combined balance (plus any origination fee) at the loan’s APR and term. To compare fairly, we then pay your existing debt at that same monthly amount and compare total interest and payoff time. The saving is the interest you avoid by moving to the lower rate — not from stretching the term or borrowing more.
See our full methodology for assumptions, limits and the 2026 data used.
Sources
- Federal Reserve G.19 (Consumer Credit) (as of 2026-02-28)
- Written by
- Colson — Founder & consumer-finance researcher, ColsonSuperApps LLC
- Verified
- Every figure checked against its cited primary source
- Last updated
- June 14, 2026
- Standards
- Editorial policy
These results are educational estimates based on the figures you enter and standard financial math, not financial advice or an offer of credit. Your actual rate, payment and terms depend on your credit, lender and other factors. Verify any number with the lender before you act.
Frequently asked questions
Does debt consolidation actually save money?
Only if the consolidation loan’s APR is meaningfully below your current average rate and you don’t re-run up the paid-off cards. This calculator compares at the same monthly payment, so it isolates the saving from the lower rate alone.
Is consolidation the same as debt settlement?
No. Consolidation replaces several debts with one lower-rate loan you repay in full. Debt settlement tries to pay creditors less than you owe and can damage your credit. Fynliko only points to reputable consolidation options, never settlement.