Financial Tools
Debt Consolidation Calculator
See if combining debts can reduce your payments. Your current balances paid at their minimums against one loan with a rate, a term and a fee.
Consolidation Loan Offer
Interest Rate (% APR)
Term
Origination Fee (% of the loan, 0 to 8% is common)
Debts to Consolidate
Values shown are examples. Enter the offer you actually received, Banrox does not quote consolidation rates here.
Keep Paying vs Consolidate
| Total Interest Difference | n/a |
| Monthly Payment Difference | n/a |
| Total Debt | $0 |
| Weighted Average APR Today | 0% |
| Current Payments per Month | $0 |
| Interest Left at Current Payments | $0 |
| Time Left at Current Payments | n/a |
| Consolidation Loan (incl. fee) | $0 |
| Origination Fee | $0 |
| New Monthly Payment | $0 |
| Interest Over the New Loan | $0 |
| New Loan Term | n/a |
For illustration only, not financial advice. Results are estimates based on the numbers you enter and do not constitute an offer, rate quote or approval.
A consolidation loan is only worth it at the right rate.
Compare published personal loan APRs and fees before you move the balances.
Questions people ask
How does the page compare keeping my debts with consolidating them?
It pays each current debt at the monthly payment you enter until it is gone and adds up the interest. It then puts the total balance plus the origination fee into one loan at the new rate and term, and compares payments and total cost.
Is the origination fee included?
Yes. The fee is a percentage of the total debt, it is added to the consolidation loan amount, and Total Interest Difference counts it alongside the new interest.
Can a lower monthly payment cost more in total?
Yes. A longer term can lower the payment while adding interest over more months. The page shows a note when consolidation costs more in total, so compare both lines.
Does Banrox offer the consolidation rate?
No. Banrox does not quote consolidation rates on this page. Enter the rate, term and fee from an offer you received.
