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Privacy Policy
Currency
$
£
€
₹
¥
A$
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Current Debts
Debt 1
×
Debt Name
?
Enter a name to identify this debt (e.g., Credit Card, Personal Loan)
Balance
?
Current outstanding balance on this debt
Interest Rate (%)
?
Annual interest rate (APR) for this debt
Monthly Payment
?
Your current monthly payment or minimum payment
Debt 2
×
Debt Name
Balance
Interest Rate (%)
Monthly Payment
Debt 3
×
Debt Name
Balance
Interest Rate (%)
Monthly Payment
+ Add Another Debt
Total Balance
$24,000
Combined Monthly Payment
$630
Weighted Average Interest Rate
18.83%
Consolidation Loan Details
- Hide Loan Options
Loan Amount
?
Total amount to borrow. This is auto-filled from your total debt balance.
Interest Rate (%)
?
Annual interest rate for the new consolidation loan. Lower rates save more money.
Loan Term (Years)
?
Number of years to repay the loan. Longer terms = lower payments but more interest.
Additional Months
?
Additional months to add to the loan term (0-11)
Loan Fee/Points (%)
?
Origination fee or points charged upfront. This affects the real APR of the loan.
Start Date
?
When the consolidation loan payments will begin
January
February
March
April
May
June
July
August
September
October
November
December
Advanced Options
+ Show Options
Extra Monthly Payment
?
Pay extra each month to reduce principal faster and save on interest
Current Payoff Strategy
?
Avalanche: Pay highest rate first (saves most). Snowball: Pay smallest balance first (quick wins).
Minimum Payments Only
Avalanche (Highest Rate First)
Snowball (Lowest Balance First)
Calculate
Reset
Consolidation Analysis
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Consolidation Recommended
You could save money by consolidating your debts.
Current Debts
$630/mo
Total Interest
$0
Total Cost
$0
Payoff Time
0 months
Weighted APR
18.83%
Consolidated Loan
$522/mo
Total Interest
$0
Total Cost
$0
Payoff Time
60 months
Real APR
12.68%
Monthly Savings
$108
Total Interest Savings
$0
Total Savings
$0
Payment Breakdown
Loan Summary
Balance Over Time Comparison
Repayment Schedule
Annual
Monthly
▦
Card
▤
Table
Individual Debt Analysis
Debt Name
Balance
Rate
Payment
Payoff
Total Interest
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