FreeByte

Debt consolidation calculator

One loan instead of several balances.

Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
22%
$
14%
9.5%

New monthly payment

$376.85

Blended rate now

17.20%

With these inputs, new monthly payment comes to $376.85 over 4 years. Blended rate now works out to 17.20%. The result assumes rate 1 stays at 22%.

Total consolidated
$15,000
Total interest on new loan
$3,089

Over time · by new term (years)

What moves the number · New monthly payment

Input−10%Now+10%
Balance 1$361.77$376.85$391.92
Balance 2$354.24$376.85$399.46
Consolidation rate$370.08$376.85$383.69
New term (years)$411.33$376.85$348.7

Solve for an input

Whatmakesequal

Compare scenarios

Save this set of inputs, change something, then save again to compare the outcomes side by side.

One loan instead of several balances.

A worked example

Starting figures

Balance 1
$6,000
Rate 1
22%
Balance 2
$9,000
Rate 2
14%
Consolidation rate
9.5%
New term (years)
4

What it returns

New monthly payment
$376.85
Blended rate now
17.20%
Total consolidated
$15,000
Total interest on new loan
$3,089

How to read the results

With the defaults above, new monthly payment works out at $376.85.

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