Debt Consolidation Calculator
Analyze your current debts and compare consolidation options to see how much you could save. Calculate payments, interest costs, and payoff timelines for different strategies.
Consolidation can simplify your finances and potentially save thousands in interest. Use this calculator to find the best strategy for your situation.
Debt Consolidation Analysis
Your Current Debts
Current Debt Summary
Consolidation Options Comparison
Personal Loan
Unsecured fixed-rate loan to pay off multiple debts
Balance Transfer Card
0% APR promotional period to transfer credit card balances
Home Equity Loan
Secured loan using home equity as collateral
Debt Management Plan
Credit counseling agency negotiates with creditors
Personal Loan Analysis
Pros
Cons
Smart Consolidation Strategies
High-Interest Focus
Prioritize consolidating high-interest debt (typically credit cards) first. Keep low-interest loans separate if consolidation would increase their rates.
Balance Transfer Strategy
Use 0% APR balance transfer cards for short-term savings, but have a plan to pay off before the promotional rate ends.
Secured Loan Advantage
Home equity loans offer the lowest rates but use your home as collateral. Only use if you're confident in your ability to repay.
Credit Counseling
Debt management plans through credit counseling can reduce rates and provide guidance, but may impact credit scores temporarily.
Frequently Asked Questions
Ready to Take Control of Your Debt?
Get a personalized debt payoff plan from Warren AI that considers all your options and helps you save the most money while reaching financial freedom faster.