Debt Consolidation Calculator

See if consolidating your debts into a single loan could save you money on interest and simplify payments

You Could Save
$7,413
in interest charges
Current Debts
$25,000
avg 16.6% APR
Current Payment
$625
/month combined
New Payment
$517
/month consolidated
Current Debts
Consolidation Loan Terms
8%
%
5 years
yrs
2% ($500)
%
Balance Comparison
Current Debts
Consolidated Loan
Side-by-Side Comparison
Current
Consolidated
Monthly Payment
$625
$517
Total Interest
$12,936
$5,523
Payoff Time
6y 1m
5y 0m
Number of Payments
3 separate
1 payment
Consolidation could save you money

By consolidating at 8% APR, you could save $7,413 in interest and pay off your debt 13 months sooner.