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Debt Consolidation Calculator
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This calculator will show you how consolidating your all of your debts into one lower interest loan can reduce your monthly payments.
- Step 1. Enter each one of the debts that you would like to pay off, along with their balances, monthly payment amounts, yearly interest rates, and annual fees.
- Step 2. Enter the details for the debt consolidation loan you are considering.
- Step 3. Click on the Calculate button and compare the numbers.
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Credit
Type |
Balance |
Payment |
Interest
Rate |
Annual
Fees |
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| Additional Cash?
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New Loan Information
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Enter data about your planned New Loan with us
(change any of the proposed numbers below).
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Proposed interest rate (%):
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Loan term:
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Estimated closing costs ($):
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Federal & state tax rate (%):
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| Results |
Current |
New Loan |
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Total debts:
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Effective rate before taxes:
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Effective rate after taxes:
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Total monthly payment:
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Monthly savings:
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Annual savings:
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Five year savings:
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| Ultimate Savings Report |
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Total years SAVED if same OLD payments are made on NEW loan:
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Total years until "FREE & CLEAR" if savings are paid to principal:
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TOTAL INTEREST SAVED over life of loan if savings are applied to principal:
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