goodcalcs
USUSDMy numbers
Loans & Credit · United States

Debt Consolidation Calculator

Updated on 22 Oct 2026 · Checked by Aotob

Rolling $18,000 into one loan at 9% saves $1,786 in interest.

One payment of $458 a month instead of $600.

Consolidating saves

$1,786

Paying now$600 a month for 3 years 10 months
New loan$458 a month for 4 years
Interest as you are$5,765
Interest and fee with the new loan$3,978

Close or put away the cards you clear, or new spending can leave you with the loan and fresh card debt.

Show the working

Now: debt 1 3,014 + debt 2 1,238 + debt 3 1,512 = 5,765
Loan of 18,400 at 9% for 48 months: 458 a month, 3,978 interest and fee

What people ask next

Which debt should I pay first?with $18,000Would a balance transfer be cheaper?with $18,000How long will my card take to pay off?with $18,000What would a personal loan cost?with $458 a month

New loan by term

MonthsMonthlyInterest and fee
248412,174
365853,064
484583,978
603824,917
842966,867

Questions people ask

Does debt consolidation save money?

Only if the new rate, after fees, is lower than the average on your debts and you don’t stretch the term much longer.

Can it cost more?

Yes. A longer term can mean more interest overall even at a lower rate, and freed-up cards can fill up again.

What affects the rate I get?

Your credit score, income and existing debt. Check eligibility with a soft search first.

Related

Debt PayoffBalance TransferCredit Card PayoffPersonal Loan

Updated 22 Oct 2026Source: Standard loan maths, checked October 2026Checked by AotobCurrent payments kept the same until each debt is cleared.Report an issue