{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/calculator/debt-consolidation-calculator/schema.json",
  "title": "Debt Consolidation Calculator inputs",
  "description": "Determine if consolidating your debts into a single loan can save you money on interest or lower your monthly payments.",
  "type": "object",
  "properties": {
    "currentDebt": {
      "title": "Total Debt Amount",
      "type": "number",
      "default": 15000
    },
    "currentPayment": {
      "title": "Total Monthly Payment",
      "type": "number",
      "default": 450
    },
    "currentRate": {
      "title": "Avg Interest Rate (APR)",
      "type": "number",
      "default": 18
    },
    "newRate": {
      "title": "New Interest Rate",
      "type": "number",
      "default": 10
    },
    "newTerm": {
      "title": "Loan Term (Years)",
      "type": "number",
      "default": 3
    },
    "fees": {
      "title": "Loan Fees / Closing Costs",
      "type": "number",
      "default": 0
    }
  },
  "required": [],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "7.0.0",
    "calculatorUrl": "https://askcalculators.com/calculator/debt-consolidation-calculator/",
    "queryExample": "https://askcalculators.com/calculator/debt-consolidation-calculator/?currentDebt=15000&currentPayment=450&currentRate=18&newRate=10&newTerm=3&fees=0",
    "migrationStatus": "migrated",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "migratedDate": "2026-08-18",
    "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."
    },
    "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."
    },
    "outputs": {
      "result": {
        "title": "Result",
        "type": "string",
        "x-format": "text",
        "x-primary": true
      }
    }
  }
}