Debt Consolidation Calculator
Calculate if debt consolidation saves money. Compare current debt payments with a consolidated loan to see monthly savings and total cost.
New Monthly Payment
$556.11
Monthly Savings
$43.89
Total Savings
$33,633.33
Inputs
years
Comparison
Current Total Cost
$67,000
Consolidation Total Cost
$33,366.67
Interest Savings
$33,633.33
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Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n - 1]Related Calculators
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