LoanMath

Debt Consolidation Loan Calculator

Merge high-rate debts into one lower payment.

Your figures stay on your computer — no server, no tracking, no registration
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Try: Current balance=15000, Old APR=18, New APR=9, Term=4 → $15,000, 18%, 9%, $441, $373, $67, $3,233

How to use

Consolidation replaces several debts with one loan at a lower rate. Enter your current balance, the old blended rate and the new rate to see the monthly and lifetime savings.

Formula

Compare PMT(old) vs PMT(new) on the same balance.

FAQ

Always saves money?

Only if the new rate and fees beat your current weighted rate.

Watch the term

A longer term can lower the payment but raise total interest.

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