Refinance & Debt Consolidation Calculator

Rolling several debts into one new loan — a refinance or "compra de cartera"? Compare keeping your debts exactly as they are against one consolidated loan with a new rate and term, and see whether it actually saves you money.

Your Current Debts

Balance

Rate (% APR)

Monthly payment

Pays off in 34 mo on its own

Balance

Rate (% APR)

Monthly payment

Pays off in 36 mo on its own

New Consolidated Loan

The terms your bank is offering to refinance everything into one loan.

New interest rate (% APR)

New term (months)

Closing / origination fee

Added to the new loan amount.

Keep current debts

Roll freed-up payments into the next debt (snowball)Keeps your total monthly outlay constant: when one debt is cleared, its payment attacks the next. The realistic best case for keeping your debts.

Monthly payment: $570
Time to debt-free: 36 mo
Total interest & fees: $4,611
Total you still pay: $19,611

Refinance into one loan

Monthly payment: $410
Time to debt-free: 48 mo
Total interest & fees: $4,675
Total you still pay: $19,675

Total cost compared

Keep current debts$19,611

Refinance into one loan$19,675

Verdict$64 more overall· $160/mo lower monthly payment

Refinancing lowers your monthly payment, but you pay more in total because the term is longer. Useful for cash-flow relief — costly in the long run.

Plan your monthly budget with the 50/30/20 rule →Prefer to attack these debts without refinancing? Try the debt snowball →

Estimates for education only. Current debts are assumed to keep their fixed payment until paid off; the new loan uses standard monthly amortization. Confirm exact terms with your lender.