Before building Debt Consolidation Calculator, we checked calculator.net's debt consolidation calculator directly — it's thorough, correctly folding loan fees and points into a "real APR" comparison, and supports up to 20 existing debts.
Debt consolidation vs avalanche, a comparison it never runs
What it compares consolidation against is your current plan — presumably minimum payments on each debt. It never checks the free alternative: simply directing any extra money toward the highest-rate debt first (the avalanche method), which often beats consolidation without taking out a new loan or paying any fees at all.
Should i consolidate my debt calculator, with the real alternative included
This tool runs the avalanche strategy on your actual current debts and compares its total interest against the consolidation loan's total interest plus fees — the comparison that actually tells you whether a new loan is worth it, or whether reordering your existing payments gets you there for free.
Consolidation loan fees calculator, rolled into the real cost
Points and origination fees on a consolidation loan are a real cost, easy to overlook when you're only looking at the advertised rate. Enter a fee percentage and it's added to the loan amount you'd actually finance before the comparison runs.
