Financial
Debt Consolidation Calculator
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Using the Debt Consolidation Calculator
Debt consolidation combines multiple high-interest debts into a single, lower-interest monthly payment. This calculator helps you compare your current debts against a new consolidation loan to see if it actually saves you money over the long term.
How it Works
1
Enter the balance, interest rate, and monthly payment for all current debts.
2
Input the interest rate and term for the proposed consolidation loan.
3
Review the "Monthly Savings" and total interest difference.
4
Check the "Break-even Analysis" to see if fees are worth the switch.