Debt Consolidation Payment Estimator

Calculate Monthly Payment for Debt Consolidation Loan

Input Fields

Total Consolidated Debt

D

$

Total amount of all debts to be consolidated

Annual Interest Rate

r

%

Interest rate for the new consolidated loan

Loan Term (Months)

n

Number of months to repay the consolidated loan

CalculateReset

Calculate automaticallyIf enabled, the result will update automatically when you change any value.

Your Results

Monthly Payment

Total Payment Over Loan Term

Total Interest Paid

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Debt Consolidation Monthly Payment Formula

$$\text{Monthly Payment} = \frac{D \times r}{1 – (1 + r)^{-n}}$$

Where:

• D – total consolidated debt
• r – monthly interest rate (annual rate ÷ 12, in decimal form)
• n – total number of monthly payments (loan term in months)

This formula calculates the fixed monthly payment needed to repay the loan completely over time with interest.

Debt consolidation combines multiple debts into a single loan with one monthly payment, often at a lower interest rate. This calculator makes it easy to estimate your monthly payments and assess how much you’ll pay over time. It’s ideal for budgeting, refinancing, or comparing consolidation options. The result can help guide decisions on whether consolidating debt is a financially sound move.