🔗 Consolidation Loan Calculator

Calculate potential savings from consolidating multiple debts into a single loan with simplified payments

Enter your loan information to calculate payments

Loan Amount ($)

Annual Interest Rate (%)

Loan Term (Years)

Extra Monthly Payment ($)

• Make extra principal payments to reduce total interest

• Consider bi-weekly payments instead of monthly

• Shop around for the best interest rates

• Improve your credit score before applying

• Results are estimates for comparison purposes

• Actual rates may vary based on credit and lender

• Consider additional costs like insurance and taxes

• Consult with financial advisors for major decisions

1. Enter details of all current debts

2. Input consolidation loan terms

3. Compare total monthly payments

4. Analyze interest rate savings

5. Review simplified payment structure

6. Calculate total cost benefits

✓ Multiple debt aggregation

✓ Payment simplification analysis

✓ Interest rate comparison

✓ Total cost savings calculation

✓ Cash flow improvement tracking

✓ Debt management optimization