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Debt Consolidation Calculator

Bills Bottom Line
  • Calculate your real cost of debt
  • Find ways to save money
  • Compare student loans, credit card debt, auto loans and mortgage debt over time

Below, check out the awesome new debt consolidation calculator that lets you compare interest, cost and options in evaluating your own debts.

What do all your loans cost you? When you make a plan to pay off your debts, do you consider the total cost you will pay over time?'s new debt consolidation calculator helps you calculate your real cost of debt and find ways to save money.

Very few of us pay for our major purchases in cash. The only way most of us can afford to buy a home or car or to pay for college educations is to borrow money. How we borrow money and the manner that we pay it back determines how much our purchases cost us over time.

Don’t get caught in a trap where you only think about your ability to afford your monthly payments. Think strategically. Examine how much you pay in total interest over the life of any purchase you finance.

When you borrow money, whether in a mortgage, car loan, student loan or on a credit card, you’re paying interest. If you have a $150,000 30-year mortgage at 5% interest, you’re going to pay over $140,000 in total interest over the life of the loan. A 1% reduction in interest will save you over $32,000, cutting your total interest almost 25%!

The average credit card interest rate is about 17%. With interest rates so high, you need an effective strategy to pay down any credit card debt you carry.

Use the debt consolidation calculator to understand how small changes with your mortgage, auto loan, credit cards, and student loans can lead to big savings. Our free tool also connects you with solutions that will save you money and improve your financial health.

The more money you can save, the faster you can pay off your debt and the more money you can put towards building up your retirement fund and long-term savings.

Recent Best
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  • KP
    Jan, 2013
    Summit City, CA
    I liked using this tool, but it would be easier to use if the dollar amounts on the credit card balances were able to be adjusted in smaller increments. Thanks!
    1 Votes

  • JC
    Nov, 2012
    Boston, MA
    This debt consolidation calculator tool is the first that I have ever seen that doesn't just focus on one type of debt, but includes my auto loans, credit cards, mortgage and student loans. Scary, but also really helpful... now if you just had a little magical tool to get rid of my debts I would be really happy! Thank you.
    8 Votes

    • ED
      May, 2014
      Provo, UT
      This is a really nifty calculator! As Jason said, I haven't really seen a tool where you could calculate all these different debts in one place.
      0 Votes

    • 35x35
      Apr, 2015

      Yes, agreed.

      0 Votes

  • SS
    Nov, 2012
    Redwood City, CA
    Hello. This is great. It really drove home the point of how much financing my debt is going to cost me. It motivates me to work hard to pay down my debt faster, to cut my interest costs.
    5 Votes

    • BA
      Nov, 2012
      Hello to you Sophia. Thank you for checking out our new calculator. We're pleased that you found it enlightening.
      6 Votes