Debt Consolidation Calculator

Find out if you can save money by consolidating your debts by using the equity in your home. Enter all your debts below. If you do not know the rate on your credit cards the program will assume that the rate is 18%.

Credit Type Balance Payment Interest Rate Annual Fees
Additional Cash?
     Enter Information about your expected new loan.
     You may change any of the default values.
Proposed interest rate (%): Loan term:
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:
Savings Report
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: