Debt Consolidation Calculator

Compare consolidating multiple debts into a single loan.

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Total Current Debt

Current Total Monthly Payment

Consolidation Loan Rate

Consolidation Term

$$M \;=\; D_{\text{total}}\cdot\frac{r\,(1+r)^{n}}{(1+r)^{n}-1}$$

Where

Mmonthly payment

D_totalcombined debt

rconsolidation monthly rate

nterm in months