Debt Consolidation Calculator
Calculate if consolidating multiple debts into one loan saves you money
Current Debts
Consolidation Loan
Results
Current Total Monthly Payment
$450
Consolidated Monthly Payment
$480
Monthly Savings/Loss
-$30
Total Interest Savings
$2,150
| Comparison | Current Debts | Consolidated | Difference |
|---|---|---|---|
| Total Debt | $15,000 | $15,300 | +$300 |
| Monthly Payment | $450 | $480 | +$30 |
| Payoff Time | 42 months | 36 months | -6 months |
| Total Interest | $3,900 | $1,750 | -$2,150 |