Should I consolidate?
Compare paying minimums vs. one consolidation loan, and see what it saves.
Your current debts
List each balance you’d fold into one loan — balance, rate, and the minimum you pay today.
Keep paying minimums
interest over 4 years, 8 months
Consolidate ($254.40/mo)
interest over 3 years
Consolidating saves
in interest
| Path | Total interest | Time |
|---|---|---|
| Keep paying minimums | $5,000.92 | 56 mo |
| Consolidate | $1,158.32 | 36 mo |
How this is calculated
The keep paying minimums figure simulates your debts month by month: each balance accrues interest (balance × APR ÷ 12) and takes its minimum payment, until every balance clears. The consolidate figure rolls all the balances into one loan at the rate and term you enter, using the standard amortized payment.
Interest savedis the difference between the two. A real offer may add fees or a balance-transfer charge this doesn’t model, and consolidation backfires if you keep spending on the old cards. If a minimum is at or below the monthly interest, that balance never shrinks on its own — we flag it rather than run forever.
Runs entirely in your browser — nothing you enter is sent anywhere.