This calculator determines the advantage or disadvantage of consolidating various loans and credit card debt. Click the "Add" button to enter up to 10 different loans and accounts.
Loans Account
Account
Remaining Amount
Payment
Remaining Term
Mo
Yrs
Credit Cards
Account
Remaining Amount
Rate
Consolidated Loan
Loan type
Interest rate
Loan term
Fees
Points
Savings rate
Tax rate
Statement and table goes here
Calculator tips
This calculator uses "exact days" compounding to approximate how much your credit card payments are. Your credit card company may compute a different payment amount based on their own computational method.
The "Equivalent rate" is not necessarily the same as an APR. It does not include the effects of points and fees. The "Equivalent rate" is the combined interest rate of one or more loans (points and fees excluded).
