{
  "id": "debt-consolidation-calculator",
  "version": "7.0.0",
  "name": "Debt Consolidation Calculator",
  "shortName": "Debt Consolidation",
  "description": "Determine if consolidating your debts into a single loan can save you money on interest or lower your monthly payments.",
  "category": "Finance",
  "categorySlug": "finance",
  "keywords": [
    "debt",
    "consolidation"
  ],
  "status": "live",
  "workStatus": "pending",
  "reviewStatus": "pending",
  "migrationStatus": "migrated",
  "migratedDate": "2026-08-18",
  "engine": "legacy-react",
  "creator": null,
  "reviewer": null,
  "quality": {
    "availability": "live",
    "technicalReviewRecord": "/reviews/debt-consolidation-calculator.json",
    "qualifiedReview": "pending",
    "qualifiedReviewer": null,
    "qualifiedReviewDate": null,
    "formulaVersion": "7.0.0",
    "referenceCoverage": "references-pending",
    "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
    "historicalMetadataDate": "2026-08-18",
    "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
  },
  "urls": {
    "page": "/calculator/debt-consolidation-calculator/",
    "definition": "/calculator/debt-consolidation-calculator/definition.json",
    "schema": "/calculator/debt-consolidation-calculator/schema.json",
    "llms": "/calculator/debt-consolidation-calculator/llms.txt",
    "legacyDefinition": "/calculator/debt-consolidation-calculator.json"
  },
  "queryExample": "https://askcalculators.com/calculator/debt-consolidation-calculator/?currentDebt=15000&currentPayment=450&currentRate=18&newRate=10&newTerm=3&fees=0",
  "queryParameters": {
    "currentDebt": {
      "label": "Total Debt Amount",
      "type": "number",
      "required": false,
      "default": 15000
    },
    "currentPayment": {
      "label": "Total Monthly Payment",
      "type": "number",
      "required": false,
      "default": 450
    },
    "currentRate": {
      "label": "Avg Interest Rate (APR)",
      "type": "number",
      "required": false,
      "default": 18
    },
    "newRate": {
      "label": "New Interest Rate",
      "type": "number",
      "required": false,
      "default": 10
    },
    "newTerm": {
      "label": "Loan Term (Years)",
      "type": "number",
      "required": false,
      "default": 3
    },
    "fees": {
      "label": "Loan Fees / Closing Costs",
      "type": "number",
      "required": false,
      "default": 0
    }
  },
  "inputs": [
    {
      "id": "currentDebt",
      "label": "Total Debt Amount",
      "type": "number",
      "defaultValue": 15000
    },
    {
      "id": "currentPayment",
      "label": "Total Monthly Payment",
      "type": "number",
      "defaultValue": 450
    },
    {
      "id": "currentRate",
      "label": "Avg Interest Rate (APR)",
      "type": "number",
      "defaultValue": 18
    },
    {
      "id": "newRate",
      "label": "New Interest Rate",
      "type": "number",
      "defaultValue": 10
    },
    {
      "id": "newTerm",
      "label": "Loan Term (Years)",
      "type": "number",
      "defaultValue": 3
    },
    {
      "id": "fees",
      "label": "Loan Fees / Closing Costs",
      "type": "number",
      "defaultValue": 0
    }
  ],
  "outputs": [
    {
      "id": "result",
      "label": "Result",
      "format": "text",
      "primary": true
    }
  ],
  "formula": {
    "expression": "The current plan is simulated month by month. The new payment is (debt + fees) ÷ n at zero interest, otherwise (debt + fees)·r ÷ [1 − (1+r)^(−n)]. Total borrowing costs and payoff months are compared."
  },
  "examples": [
    {
      "label": "Reproducible default-input example (not a personal recommendation)",
      "inputs": {
        "currentDebt": 15000,
        "currentPayment": 450,
        "currentRate": 18,
        "newRate": 10,
        "newTerm": 3,
        "fees": 0
      }
    }
  ],
  "sources": []
}