These three calculators run in your browser and store nothing. Use the consolidation tool to see whether a new loan costs less than your current balances, the DTI tool to see how a new payment fits with your other debts, and the offer table to compare up to three written quotes.
On this page
- Debt consolidation break-even
- Debt-to-income ratio
- Compare up to three offers
- How to use the results
- Carolina budget examples
- Using the offers table
- What to do with the results
- Storm-season tip
- How the formulas work
- Practice problems
- Reading the results with caution
- Share your results
- Quick reference
- Frequently asked questions
Debt consolidation break-even
Consolidation break-even calculator
Debt-to-income ratio
Debt-to-income (DTI) calculator
Compare up to three offers
Side-by-side offer comparison
| Offer | Amount ($) | APR (%) | Months | Fee ($) | Monthly / total cost |
|---|---|---|---|---|---|
| Offer A | |||||
| Offer B | |||||
| Offer C |
How to use the results
The consolidation calculator tells you whether a new loan would cost less overall than your current balances. The DTI calculator shows how a new payment might sit alongside your other payments. Lenders look at both. Sample numbers in each calculator are placeholders, and the tools do not send your entries anywhere.
Carolina budget examples
A household in Raleigh earning $5,200 a month before taxes pays $1,550 in rent, $320 for a car and $140 in card minimums. Debts total $2,010 and the ratio is about 39 percent. A $200 new payment would take it to about 42 percent. A household in Fayetteville with $3,800 income and $1,100 in rent has less room for the same payment. Enter your own numbers to see where you stand.
Using the offers table
Enter three real offers. For each, type the amount you would receive, the number of payments and the payment amount. The table calculates total repaid and the cost over what you receive. In the Carolinas, you may see offers from credit unions, online lenders and local finance companies. If a local finance company quotes a payment that seems low, check the term; a long term can cost more in total.
What to do with the results
If the consolidation result shows a saving, confirm the numbers with a written offer. If DTI is above what you are comfortable with, reduce the amount or pay down debts first. Then use the checklist to verify lenders.
Storm-season tip
If you live where hurricanes are a risk, run a second DTI with a higher expense line for insurance deductibles and repairs. If the ratio looks tight, borrow less.
How the formulas work
The consolidation calculator estimates the time and total interest to repay your current debts using the balances, rates and payments you enter. It then compares that with a loan offer, counting the fee as part of the cost. The debt-to-income calculator divides your total monthly debt payments by your gross monthly income. The offer table subtracts the amount you receive from the total repaid for each offer. No score or credit data is used.
Practice problems
Problem 1. You owe $4,000 on a card at 25 percent with a $120 minimum, and $2,000 on another at 20 percent with a $60 minimum. A loan offer gives you $5,700 after a $300 fee and asks $230 a month for 30 months. Enter all figures and compare totals.
Problem 2. Your gross income is $4,500 a month. Rent is $1,300, a car payment is $350 and card minimums are $180. What is your ratio, and what happens if a new $250 payment is added?
Problem 3. Three offers: A receives $9,500 and repays $12,300; B receives $10,000 and repays $13,100; C receives $9,800 and repays $12,500. Which costs least over what you receive?
The numbers are illustrations to practice with. They are not offers.
Reading the results with caution
A saving of a few dollars is not worth a new account; look for a meaningful difference. A debt-to-income ratio above the high 30s or low 40s percent may make approval harder with many lenders, but each sets its own limit. Use the offers table only with written quotes. If a number looks too good, ask the lender to explain every fee.
Share your results
If a counselor or family member is helping you, you can screenshot the results to discuss. Remember that the numbers stay in your browser.
Quick reference
Gross income for DTI. Rates as percentages. Fees in dollars. Compare totals, not payments.
Frequently asked questions
Are these calculators accurate?
They apply standard payment formulas to numbers you enter. Your lender's disclosure is the final word.
Do you save what I type?
No. The calculators run in your browser.
Are these calculators accurate?
They perform standard arithmetic on the numbers you enter. Lenders may calculate interest differently, so rely on written disclosures for final numbers.
Do the calculators store my inputs?
No. They run in your browser.
Where can I learn more about DTI?
The CFPB has a plain explanation linked in our guides.
Why does the calculator ask for gross income?
Lenders measure debt-to-income against income before taxes.
Can I use the calculators on my phone?
Yes, they work in modern browsers.
What if the results look wrong?
Check that you entered the right units, such as percent for rates.
Do they include taxes?
No. They use the figures you enter.
Can I print the results?
Yes. Use your browser's print function.