Advanced Debt Consolidation Calculator II

This advanced debt consolidation calculator will tell you the total monthly savings you will make when you consolidate all of your high interest rate credit card debt into 1 single low debt consolidation loan. You can enter 5 types of debts including Mortgage Debt, Credit Card Debt, Auto Loans, Student Loans or Other. You enter the current principal balances owing, what interest rate you are paying as well as the monthly payment amount, and how many more months of payments are left. Then, enter the debt consolidation loan information in the "New Loan Information" section. Enter the interest rate you will be paying on your loan, estimate of closing costs and expected Federal & State tax rates as well as the Loan Term. After, click on the "Calculate New" button and you will see your savings and reductions in your monthly payments as well as any tax savings.

Balance Payment Interest
Additional Cash?
New Loan Information
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: