Debt Consolidation and Refinance Break-Even Calculator
Use the Debt Consolidation and Refinance Break-Even Calculator
Compare current debts with a consolidated loan, including payment savings, total interest, fees, lifetime savings, break-even timing, and both payoff schedules.
- Before-and-after payoff schedules
- Fee-aware break-even
- Monthly and lifetime savings
Use current payoff balances and contractual rates from recent statements. Compare total cost as well as the new monthly payment; a lower payment can still cost more when the term is extended.
What this calculator covers
Inputs you can model
- Currency
- Debts to consolidate
- Consolidated annual interest rate %
- Consolidated term
- Proposed monthly payment
- Origination fee
- Other closing costs
- Finance fees into the consolidated loan
- First consolidated payment date
Results you can review
- Lifetime savings
- Monthly payment savings
- Break-even
- Current balances
- Current combined payment
- Current total interest
- Consolidated principal
- Consolidated payment
- Consolidated interest
- Upfront fees
Method, policy basis, and limitations
How the estimate is built
Each current debt is amortized from its balance, annual rate, and payment. The proposed loan is modeled separately with its selected term, rate, fee treatment, and optional payment before costs are compared. First-year cash-flow savings compares the first 12 modeled current-schedule payments with the first 12 consolidated payments, then subtracts fees paid in cash; it is not monthly savings multiplied by 12.
Important limitation
This is not credit advice or a lender quote. Variable rates, promotional-rate expiry, prepayment charges, fees, insurance, taxes, missed payments, and credit-score effects may change the outcome.
Your inputs
Enter the values you know. Required fields should be completed first, and optional fields can be left blank if they do not apply to your situation.
Run the calculator to see the planning signal, key measures, reconciliation detail, and any schedules or stress scenarios returned for these inputs.
Your results
The top cards show the most important answers first. Detailed schedules, scenario tables, and supporting notes appear underneath for deeper review.
Inputs changed. Run the calculator again to refresh these results; copy, print, PDF, and Excel actions are unavailable until then.
This is not credit advice or a lender quote. Variable rates, promotional-rate expiry, prepayment charges, fees, insurance, taxes, missed payments, and credit-score effects may change the outcome.