Borrowing & Debt
Debt Consolidation Calculator
Compare what you pay today across several debts with what a single consolidated balance would look like, including the case where the payment falls but the total cost rises.
Your estimate
Current combined payment
$1,020.00
Proposed payment
$659.78
Monthly difference
$360.22
Lower each month
Combined balance
$30,000
Estimated current interest
$10,939
Proposed interest
$9,587
Current total repayment
$40,939
Proposed total repayment
$40,487
Includes the fee.
Longest current payoff
4 years
Proposed payoff
5 years
In this scenario the proposed structure reduces the total repaid by $452 compared with continuing the current payments. Actual results depend on the terms an independent provider offers.
This calculator is an educational estimator. Results are illustrations based only on the values you enter. Kennify is not a bank, lender or financial adviser, does not make financing decisions, and does not guarantee approval, rates, terms or eligibility. Financing, if available, is provided by independent third-party providers under their own criteria.
How this works
For each current debt you enter a balance, an annual rate and the monthly payment you are making. The tool estimates how long each one takes to clear at that payment and what interest accrues along the way.
The proposed side uses the consolidation amount, rate, term and fee you enter, calculated with standard amortization math.
Both sides are then compared on monthly payment, total interest and total repayment.
What your result means
A lower monthly payment is not the same as a cheaper outcome. Stretching a balance over a longer term often increases total interest even at a lower rate.
When that happens the tool flags it explicitly so the tradeoff is visible rather than hidden.
Consolidation also changes behavior, not just math. Freed up revolving capacity that gets used again is the most common reason a consolidation does not deliver the expected relief.
Keep reading on Kennify
Debt Consolidation Calculator FAQ
Explore your financing options
When you have the numbers you need, you can review educational program pages on Kennify or begin a funding request through Kennify's financing partner.