Debt Consolidation Calculator

 

To find out how much money you can save with a debt consolidation loan, 

please insert your current balances and monthly payments into the calculator.
Debt Type
Current
Balance
Monthly
Payment
$ $
$ $
$ $
$ $
$ $
$ $
$ $
Totals
$ $

Loan Term = The number of months you will have to pay your loan off.

Please Enter A Loan Term
  Months

This box represents your monthly payment for a debt consolidation loan

New Loan
Monthly Payment
$

* Calculation based on a 25 year simple interest rate loan, 7.0% interest rate. APR = 8.5%, your loan may vary
Monthly Savings
$

If you would like to add additional money to your payments to shorten your payoff time and save money, please enter that amount in the box to the right.
Additional
Payments
$

This box represents the amount of money you will save by making consistent additional payments of the amount you entered in the "additional payment" box.
Additional
Payment
Savings
$

This box represents that amount of time in months that it will take you to pay off your loan by making consistent additional payments of the amount you entered in the "additional payment" box.
Revised
Term
Months