Debt Consolidation Calculator
Compare your current debts with a consolidation loan option and see how much you could save.
Managing multiple debts with different interest rates and payment dates can be overwhelming and expensive. Debt consolidation combines all your debts into a single loan, potentially lowering your interest rate and simplifying your financial life. Our calculator helps you compare your current debt situation with potential consolidation options, showing you total interest savings, monthly payment changes, and payoff timelines. Make an informed decision about whether debt consolidation is right for your situation.
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Consolidation Loan Options
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Consolidation Analysis
💡 Consolidation Tips
- • Only consolidate if you get a lower interest rate
- • Consider the total cost, not just monthly payments
- • Don't run up new debt after consolidating
- • Shop around for the best consolidation rates
- • Consider balance transfer cards for short-term savings
- • Make sure you can afford the new payment