The loan saves $2,529 in interest.
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The side-by-side and the rate to beat, so you can check any offer you get.
How it works
- Your debts keep their own rates and payments on the “as they are” side.
- The loan side adds the balances into one, at the rate and term you enter.
- The rate to beat is the highest rate the new loan can have and still cost less interest.
- Fees on the new loan are added to its balance.
Watch the term
A longer term lowers the payment but can cost more in total. Compare the total interest, not just the monthly number.
lower payment isn’t always cheaper.
Turn the answer into a plan
In pinchd, every payment lands in the paycheck that pays it, and you tick it off as you go. No bank login, ever.
Questions
What is a good consolidation rate?
One below the rate to beat this calculator shows. Above it, you’d pay more interest than keeping your debts as they are.
Does consolidating hurt my credit?
A new loan can dip your score for a while. Paying it down steadily usually helps over time. We can’t see your credit, so check with the lender.
How accurate is this?
It’s an estimate from the numbers you enter. Real statements and rates vary a little.
Is this calculator free?
Yes. No sign-up. It’s in the pinchd app too, where the answer fits into your actual paychecks.