Debt Consolidation Calculator


This calculator will show you how consolidating your high interest debt into one lower interest loan can reduce your monthly payments and provide you with income tax savings at the same time. Learn more about debt consolidation and debt management and get a free counseling session with an experienced and certified debt counselor by filling out the form to the right.
Enter each one of the debts that you would like to pay off, along with their corresponding principal balances, interest rates, and monthly payment amounts. Once you have all your debts entered, make any desired changes to the “New Loan Information” default entries and then click on the “Calculate New” button.
Payment
Description		Principal
Balance		Interest
Rate		Payment
Amount		Payments
Left		Interest
Left
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Credit Card Auto Loan Student Loan Other     
Totals >>>   
New Loan Information
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Enter Amount Here		Interest
Rate		Number
of Years		Estimated
Closing Costs		Fed & St.
Tax Rate
  5 Years 10 Years 15 Years 20 Years 25 Years  
 
ResultsCurrentNew Loan
Total Principal Balance:  
Effective Rate Before Taxes:  
Effective Rate After Taxes:  
Total of Monthly Payments:  
Monthly Tax Savings: 
Monthly Payment Reduction: 
Total Monthly Savings: