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Utilnivo

Debt Consolidation Calculator

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Compare current multi-debt costs to a single consolidation loan.

  • 100% Free
  • No signup
  • Private & secure
  • Instant results
  • On your device

Private on your device

Your information stays on your device and is not uploaded.

Related tools

Estimate total interest and payments on existing debts versus rolling them into one consolidation loan with a new rate and term.

Consolidation lowers rate and simplifies bills but does not fix overspending. Without behavior change, cards refilled after payoff recreate the cycle.

Secured home equity consolidation risks foreclosure if payments fail—compare unsecured personal loan options.

Origination fees and prepayment penalties on consolidation loans belong in total cost comparisons.

How to use this tool

Add each debt's balance, APR, and minimum payment. Enter the consolidation APR and term, and optionally an origination fee as dollars or a percent of total balance.

Worked example

Consolidating several high-APR debts totaling $8,000 into a 10% 48-month loan with a 2% origination fee often lowers the monthly payment; check whether lifetime interest plus the fee is still a win.

When to use this

  • Evaluating a personal loan payoff offer for credit cards.
  • Seeing if a lower single payment fits cash flow better than snowball.
  • Quantifying interest savings before balance transfer promotions expire.

Common mistakes

  • Extending term so much that total interest rises despite lower APR.
  • Consolidating then running card balances up again.
  • Ignoring teaser rates that jump after promotional periods.

How it works

Compares continuing to pay your existing debts versus rolling them into one consolidation loan with a new rate and term. Optional origination fees (percent or fixed dollars) are added to the consolidated principal.

Limitations

Estimates only for educational purposes. Not financial, tax, or legal advice. Verify figures with your lender, advisor, or official IRS/SSA sources before making decisions.

Privacy and file handling

Your data stays on your device and is not uploaded.

FAQ

Frequently asked questions

Does a lower payment always mean savings?

Not always. A longer term can raise total interest even if the monthly payment drops.

How many debts can I enter?

This version compares two existing debts against one consolidation loan.

Is Debt Consolidation Calculator free to use?

Yes. Utilnivo tools are free to use and do not require an account.

Related pages

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