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