Multiple Debt Calculator
Add every debt you owe to get a quick snapshot: total balance, blended interest rate, combined minimum payment, and each debt's share of the total.
Your Debts
Why combine multiple debts into one snapshot?
When you're juggling several credit cards, loans, and bills, it's easy to lose sight of the big picture. This calculator adds up every balance you enter and produces a single, easy-to-digest snapshot: your total debt, a blended (weighted-average) interest rate across everything you owe, and your combined minimum payment. It's the fastest way to answer "how bad is it, really?" before diving into a detailed strategy.
This is intentionally a quick aggregate tool, not a full payoff simulator. If you want an exact month-by-month plan — including which debt gets paid off first and precisely when you'll be debt-free — use the Debt Payoff Calculator, which runs a true snowball or avalanche simulation and reorders your payments dynamically as each debt closes. That level of detail typically produces a faster, cheaper payoff than the simplified blended-rate estimate shown here, because in reality each debt accrues interest independently rather than as one lump balance.
Total balance = Σ(Balance) · Combined minimum payment = Σ(Min. Payment)
Estimated payoff = Total balance amortized at the blended APR and combined minimum payment
How to use your snapshot
- Total balance tells you exactly how much debt you're carrying across every account.
- Blended APR is useful for comparing against a single consolidation loan offer — see the Debt Consolidation Calculator.
- Combined minimum payment is your true monthly floor — also check the Debt-to-Income Calculator to see how that compares to your income.
- Balance breakdown shows which debts are dragging down your total the most, so you know where a strategy should focus first.
Frequently Asked Questions
A blended (or weighted-average) interest rate combines multiple debts' individual rates into a single number, weighted by each balance's share of your total debt. It gives you a quick way to compare your overall debt cost against a single consolidation loan offer.
This calculator gives a fast aggregate snapshot — total balance, blended rate, and a rough payoff estimate. The Debt Payoff Calculator runs a full month-by-month snowball or avalanche simulation, showing exactly which debt gets paid off and when, which is more accurate for building an actual payoff plan.
Add any revolving or installment debt — credit cards, personal loans, auto loans, medical bills, student loans. Most people exclude their primary mortgage since it's typically analyzed separately, but you're welcome to include it if you want a full financial picture.
This calculator treats all your debt as one combined balance at one blended rate, which is a simplification. In reality, each debt accrues interest separately and a strategy like the snowball or avalanche method reorders payments as debts close, which usually pays off faster than the blended estimate shown here.