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DDebtBloom

Debt Consolidation Calculator

One payment, ideally one lower rate. Enter your current debts to see your payoff cost, then compare it against a consolidation loan offer.

Your debts

Add each balance, its APR, and the monthly minimum (or let us estimate it). Everything is calculated in your browser — your numbers never leave your device.

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Plan by

The single biggest lever on your payoff date.

Payoff strategy

Avalanche: highest APR first — least interest paid.

One-time extra payments

Throwing a tax refund or bonus at your debt? Add it here to see how much faster it gets you to $0.

Your payoff plan

Debt-free in
2 years, 6 months
Debt-free date
2028-12
Total interest paid
$4,094
Interest saved vs. minimums
$8,466
That's about 4 years, 9 months sooner and $8,466 less interest than paying only the minimums.

Snowball vs. avalanche, side by side

Same debts, same budget. Pick the one you'll actually stick with — tap a card to see its full schedule below.

Payoff order

  1. 1Store card— paid off in 6 months (2026-12)
  2. 2Visa— paid off in 1 year, 8 months (2028-02)
  3. 3Personal loan— paid off in 2 years, 6 months (2028-12)

What if you paid a little more?

+$50/mo

Save $361 and finish 2 months sooner.

+$100/mo

Save $659 and finish 4 months sooner.

+$250/mo

Save $1,312 and finish 9 months sooner.

Month-by-month schedule

Month-by-month payoff schedule: amount paid, interest, and remaining balance.
MonthPaidInterestRemaining balance
1$729.00$277.98$17,049
2$729.00$268.89$16,589
3$729.00$259.60$16,119
4$729.00$250.12$15,641
5$729.00$240.43$15,152
6$729.00$230.53$14,654
7$729.00$220.88$14,145
8$729.00$211.46$13,628
9$729.00$201.85$13,101
10$729.00$192.06$12,564
11$729.00$182.08$12,017
12$729.00$171.90$11,460

Totals: you'll pay $21,594 over the life of the plan, including $4,094 in interest. Estimates only — actual minimums and interest vary by lender. See our methodology.

How to compare

First, enter your real debts above and note the total interest paid and weighted APR. Then compare a consolidation offer: if its APR is lower and the term isn't much longer, it likely saves money and simplifies life into one payment.

When consolidation makes sense

  • Your credit qualifies you for a rate well below your current cards.
  • You won't run the cards back up after consolidating.
  • You want one predictable fixed payment.

When it doesn't

If the only offers you can get are at similar or higher rates, focus on the avalanche method instead. If you genuinely can't keep up with $10k+ of unsecured debt, consolidation may not be enough — the calculator will surface other options.

Frequently asked questions

Does debt consolidation save money?
Only if the new loan APR is meaningfully lower than your current weighted APR and you do not stretch the term so long that you pay more interest overall. Compare the total-interest figures.
Consolidation loan vs. balance transfer?
A 0% balance transfer card is cheapest if you can clear the balance before the promo ends. A fixed-rate consolidation loan suits larger balances you need more time to repay.
Is consolidation the same as debt relief?
No. Consolidation is a new loan that pays off existing debts — you still repay in full. Debt relief/settlement negotiates to pay less than owed and carries credit and tax consequences.