Consolidation offers hide true cost behind low promotional rates and origination fees.
Comparing total interest paid, fees included, shows you the real cost of a consolidation offer, not just the low promotional rate up front.
Backed by a 30-day money-back guarantee. If it is not useful, we will refund it, no questions asked.
A consolidation offer's advertised rate looks lower than what you're paying now, but the headline rate doesn't account for origination fees or a longer repayment term, both of which can quietly make the "cheaper" offer cost more overall.
List each current debt with its balance, APR, and monthly payment, and the sheet calculates your current payoff timeline and total interest using a real amortization formula, not a rough estimate. Enter the consolidation offer's APR and origination fee, and it calculates the monthly payment and total cost of consolidating over that same payoff timeline. Compare Total Interest (Current) against Total Cost (Consolidation) for the real answer.
We built this after noticing consolidation offers are marketed on the rate alone. Fees and term length change the real number, and this sheet is built to surface that number before you sign anything.
— DaveWays
Your current payoff timeline and interest are calculated with a real formula.
The consolidation comparison includes fees, not just the advertised rate.
A direct side-by-side of total interest versus total cost.
Does it recommend a specific lender?
No, you enter your own offer's rate and fees; it doesn't recommend lenders.
Does it account for variable-rate offers?
Enter the offer's current stated APR; for variable rates, use the current rate for the most accurate comparison.
How many debts can I compare?
List as many current debts as you have; each gets its own row with its own interest and cost calculation. Add up the totals yourself if you want a combined comparison across all debts.
Want the rest of the set? The Personal Finance Complete Bundle includes this product plus every other Personal Finance tool, for less than the price of buying them apart.
Debt Consolidation Comparison Calculator (Free Preview) — download a condensed version free, no purchase required, to see if it's a fit before you buy.
Debt Consolidation Comparison Calculator is $14.99 USD, one-time payment, instant delivery, no subscription. Covered by our 30-day money-back guarantee. See our refund policy and terms.
