Debt Consolidation Calculator
These tools are to be used for illustration purposes only, and we do not save the information you enter into them. Likewise, we do not make any guarantees as to the accuracy of the results when you use these tools.
Will consolidating my debt into a new loan be beneficial?
With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan - perhaps a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years. Use this debt consolidation calculator to determine how quickly you could get out of debt and how much interest you might save.