Debt Consolidation Savings Calculator

A low-interest debt consolidation loan may help you save money by consolidating all of your debts into a single, reduced monthly payment. Enter your account balances, interest rates, monthly payment amounts and "New Loan Information." Then click on the "Calculate Now" button to see how much you can save each month.

Account Type Balance Monthly Payment Interest Rate (%) Annual Fees
Additional Cash?
New Loan Information

Enter data about your planned New Loan
Proposed interest rate (%):
Loan term:
Estimated closing costs ($):
Federal & state tax rate (%):
Results Current New Loan
Total debts:
Effective rate before taxes:
Effective rate after taxes:
Total monthly payment:
Monthly savings:
Annual savings:
Five year savings:
Ultimate Savings Report

What if you were to pay the same OLD payments instead of your NEW LOWER PAYMENTS... (which is your choice every month)... your monthly SAVINGS will reduce the loan principal each month, SHORTENING the loan itself... without ANY more costs than you used to pay.
Total years SAVED if same OLD payments are made on NEW loan:
Total years until "FREE & CLEAR" if savings are paid to principal:
TOTAL INTEREST SAVED over life of loan if savings are applied to principal: