Debt Calculators

Debt Consolidation

This calculator will show you how consolidating all of your debts into one lower interest loan can reduce your monthly payments.

Enter each one of the debts you would like to pay off, along with their corresponding principal balances, interest rates, and monthly payment amounts. Once you entered all of your debts, make any desired changes to the "New Loan Information" default entries and then click on the "Calculate New" button.

Balance Payment Interest
Additional Cash?
New Loan Information
Enter data about your planned New Loan (change any of the proposed numbers below).
Proposed interest rate (%):
Loan term:
Estimated closing costs ($):
Federal & state tax rate (%):
Results Current New Loan
Total debts:
Effective rate before taxes:
Effective rate after taxes:
Total monthly payment:
Monthly savings:
Annual savings:
Five year savings:
Ultimate Savings Report
What if you were to pay the same OLD payments instead of your NEW LOWER PAYMENTS... (which is your choice every month)... your monthly SAVINGS will reduce the loan principal each month, SHORTENING the loan itself... without ANY more costs than you used to pay.
Total years SAVED if same OLD payments are made on NEW loan:
Total years until "FREE & CLEAR" if savings are paid to principal:
TOTAL INTEREST SAVED over life of loan if savings are applied to principal: