Personal Debt Consolidation

Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you. Enter your credit cards, auto loans and other installment loans balances. Change the loan amount, term or rate to create a loan that will work within your budget.

Debt Consolidation

Your consolidated payment is NEW_LOAN_PAYMENT which is MONTHLY_PAYMENT_SAVINGS per month.

With a new consolidated loan of NEW_LOAN_BALANCE your monthly payment is NEW_LOAN_PAYMENT. This is MONTHLY_PAYMENT_SAVINGS than your currently monthly payment of MONTHLY_PAYMENT. The total interest for the new consolidated loan would be INTEREST_NEW. With the new consolidated loan you pay MSG_NEW_INTEREST_SAVINGS in interest.

Consolidation Loan
Loan amount NEW_LOAN_BALANCE
Monthly payment NEW_LOAN_PAYMENT
Interest rate NEW_LOAN_RATE
Term NEW_PAYOFF
Total interest INTEREST_NEW

Current Loans and Credit Cards

The total of all current loan payments is MONTHLY_PAYMENT. This is based on the loans and payment information shown below.

Current Loans
  Amount OwedMonthly PaymentInterest Rate
Credit cardsCC_OUTSTANDING_BALANCECC_MONTHLY_PAYMENTCC_AVERAGE_RATE
Auto loansAUTO_OUTSTANDING_BALANCEAUTO_MONTHLY_PAYMENTAUTO_AVERAGE_RATE
Other loansOTHER_OUTSTANDING_BALANCEOTHER_MONTHLY_PAYMENTOTHER_AVERAGE_RATE
TotalsOUTSTANDING_BALANCEMONTHLY_PAYMENTAVERAGE_RATE

New Loan Payment Schedule

**REPEATING GROUP**

Information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.