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*Current balance loan 1:

 

*Monthly payment loan 1:

 

*Current balance loan 2:

 

*Monthly payment loan 2:

 

Current balance loan 3:

 

Monthly payment loan 3:

 

Current balance loan 4:

 

Monthly payment loan 4:

 

Current balance loan 5:

 

Monthly payment loan 5:

 

Current balance loan 6:

 

Monthly payment loan 6:

 

*Loan amount:

 

*Interest rate:

%

 

Term (in years):

10 15 20 25 30 40 50

 

 

 

 

This calculator determines how your monthly debt payments would change if you consolidate your debt into one loan. Remember that debt consolidation can lower your monthly payments, but it can also increase the cost of debt over the life of the loan, if you increase the pay-off term significantly. Therefore, it may not make sense to consolidate loans that will be paid off in the near future. Talk to a financial advisor for more information on your particular situation.

GetSmart calculators are for informational purposes only. GetSmart does not guarantee the accuracy of the calculators, or that you will receive the input rates. Consult a financial advisor for details specific to your situation.