Debt Consolidation Calculator

This Debt Consolidation Calculator will help quantify the financial change from one loan to another in terms of the variance per payment, per year, and over the lifetime of the loan at the proposed rate as well as the values if the original payment amount was continued. An example of this would be the consolidation of debts such as personal loans or credit card payments into a single loan with lower interest repayments. The calculator shows what the respective new payment for the consolidated loan would be at the new rate, and it shows you how much faster the loan can be paid back if the original repayment amount is continued. This way the payback of the new consolidated loan would be accelerated resulting in interest payment savings.