Debt Consolidation Calculator
Consolidating can lower your payment and still cost more. This compares both sides honestly, fees included.
Your numbers
Everything is calculated in your browser. Nothing you type here is sent to Verdi or stored anywhere.
Total saved by consolidating
$3,029
- New monthly payment
- $509.80
- Payment change
- −$140.20
- Payoff time now
- 4 yr 4 mo
- Payoff time consolidated
- 5 years
- Interest + fees now
- $11,617
- Interest + fees consolidated
- $8,588
How to use this calculator
A lower payment is not automatically cheaper
Consolidation often stretches the term. Paying 12% for six years can cost more than paying 21% for two. Compare the interest lines, not the payment lines.
Only helps if the cards stay clear
Consolidating moves balances off your cards. If the cards fill back up, you now have both the loan and the cards. Build the plan that stops the inflow first.
Common questions
Will consolidating hurt my credit?
A new loan typically causes a small temporary dip from the hard inquiry and new account, while lowering your card utilization can help. The bigger factor over time is consistent on-time payments.
What rate makes consolidation worthwhile?
There's no single threshold. Enter the offer you actually have and check whether the total interest and fees fall while the payoff date doesn't drift far out.
This calculator is an educational estimate based only on the figures you enter. Verdi does not provide financial, investment, tax, legal, credit or lending advice. Actual rates, fees, taxes and terms offered to you may differ.