Should I Consolidate Debt?

Lower payments sound great. But consolidation only wins if the numbers actually work in your favor. Enter your current debts and see your new monthly payment, total interest, and whether you're actually coming out ahead.

Debt Consolidation Calculator — LoanSome Dough
Debt Consolidation Calculator

Enter your current debts — balance, APR, and monthly payment. Then set your consolidation loan terms to compare.

Debt 1
Debt 2
Debt 3 (optional)
Debt 4 (optional)
Debt 5 (optional)
Consolidation Loan
New Loan Terms

Current payoff estimates assume balances are paid down with the monthly payments entered and no new charges are added.

Monthly Payment Change
$0
new minus current monthly payments
Current Debts
Total monthly payments$0
Estimated payoff time—
Remaining interest$0
Consolidation Loan
New loan amount$0
New monthly payment$0
Total interest over term$0

Consolidation can lower payments but may increase total interest if the term is extended. Always compare both numbers.

This calculator provides estimates for informational purposes only and does not constitute a loan commitment or a pre-approval. Actual qualificiation depends on credit score, lender guidelines and full underwriting review.

Roxy Miles
NMLS#2464939

Complex Loans. Fun Lender.
Self-employed, retired and high-net-worth borrowers who don't fit traditional lending. Bank statement loans, asset depletion, reverse mortgages, jumbo financing and first lien HELOC strategy.