This calculator will show you how consolidating your all of your debts into one lower interest loan can reduce your monthly payments.

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.

Credit Type	Balance	Payment	Interest Rate	Annual Fees
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
MortgageCredit CardAuto LoanStudent LoanOther
Additional Cash?		Purpose...Pay personal IOU'sImprove homeVacationSupport familySelf-employment businessCombination of uses
New Loan Information
Enter data about your planned New Loan with us (change any of the proposed numbers below).
Porposed interest rate (%):
Loan term:				5 Years10 Years15 Years20 Years25 Years30 Years
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: