fincalculator
Debt Consolidation Calculator
Use this free Debt Consolidation Calculator to see if combining debts will save you money. Simple, accurate, and easy to use online.
The Debt Consolidation Calculator helps you compare the cost of multiple high-interest debts against a single new consolidation loan.
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Fincalculator
INPUT VALUES
Total Debt Amount15000
Current Total Monthly Payment600
Consolidation Loan Rate (%)10
Consolidation Loan Term (Years)3
When to Use This Calculator
Use when you have multiple credit card balances or personal loans and want to see if a single personal loan with a lower rate saves you money monthly.
Example Scenario
Total Debt: $15,000. New Rate: 10%. Term: 3 Years.
New Payment: $484. Compare this to your current total monthly payments to see your savings.