Debt Consolidation Calculator

Entry Columns Calculated Columns Payment Desc. Balance Interest Payment Int. Cost # Pmts Totals Consolidation Loan Terms Enter the Consolidating Loan's Annual Interest Rate (APR): Enter the Consolidating Loan's term (number of years): Enter total of any Consolidation Loan Fees: Results Without Consolidating With Consolidating Difference Total of Monthly Payment(s): Months until debts are paid off: Total Cost (Interest Charges and Loan Fees): Summary Instructions: Starting with the first line of entry fields, enter each one of your debts, along with their corresponding principal balances, interest rates and monthly payment amounts (the last two columns will be filled in by the calculator). Once you have entered all of the debts you wish to consolidate, click on the "Compute Current Debt Cost" button. Next, enter the consolidating loan's interest rate, term and any origination fees that might apply and click the "Compute Consolidation Loan Costs" button. IMPORTANT: In order for the this calculator to work, each debt must have the four left-hand fields filled in (for interest-free debts enter .001 just to satisfy the required interest-rate entry). Also, be sure to enter only numbers and decimal points in the numeric entry fields. Dollar signs, percent signs, commas and spaces will cause an error.