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Debt Consolidation Calculator
This debt consolidation calculator helps you see if combining multiple debts into one loan makes financial sense. Input your current debts and interest rates, along with the new loan details and the calculator compares the new monthly payment and total interest you'd pay / save with a consolidation loan.
Debt Consolidation Calculator
This debt consolidation calculator helps you see if combining multiple debts into one loan makes financial sense. Input your current debts and interest rates, along with the new loan details and the calculator compares the new monthly payment and total interest you'd pay / save with a consolidation loan.
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Consolidation Loan
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APR:
13.31%
9.32%
Payoff Date:
Aug 2012
May 2012
Loan Fee:
$0
$879
Upfront cash flow:
$0
+$528
Payment:
$443
$382
+$61

Total Interest:
$8,319
$5,351
Total Payments:
$24,499
$22,938
+$1,561
Created with Highcharts 10.1.0Total Principal and InterestExisting DebtConsolidation LoanJul '26Jan '27Jul '27Jan '28Jul '28Jan '29Jul '29Jan '30Jul '30010k20k30k40kTotal Principal and InterestMarch 2030 Existing Debt: $33,900.61 Consolidation Loan: $32,606.15
Consolidation Loan is $87 less per month. Consolidation Loan will save you $2,219 in interest.