Roll multiple high-APR balances into a single fixed-rate loan and see what your new payment, total interest, and payoff date would look like.
Estimates are for illustration only and assume a fixed-rate, fully-amortizing loan. Actual APR, fees, and payments depend on your lender, credit profile, and state. Kreditify is a loan comparison service, not a lender.
We use the standard amortization formula M = P × r / (1 − (1 + r)^−n), where P is the loan amount, r is your monthly rate (APR ÷ 12) and n is the number of monthly payments. A $15,000 debt consolidation at 11% APR over 48 months works out to roughly $388 per month.
APR bundles the interest rate with most lender fees, so it is the fairest number to compare offers with. Debt Consolidation APRs on Kreditify typically fall between 5% and 30%, driven mainly by your credit profile, income stability, and the term you pick.
Stretching the term lowers the monthly payment but raises the total interest, because you owe the balance for longer. Run the same amount at 12 and 84 months to see both sides of that trade before you commit.
Origination fees deducted at funding, late fees, insurance add-ons, escrow, and taxes are excluded. Treat the result as a planning estimate, then confirm the exact figures on your lender's disclosure before signing.
Next step: compare consolidation offers against the APR you are paying today.
Compare Debt Consolidation Loans$1,000–$50,000 · soft-pull rate check, no credit score impactLocal APR bands, lender availability, and payment examples for the states where debt consolidation demand is highest.