Simple Debt Consolidation
Calculator
BizCalcs.com
Title
Creditor Balance
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An empty line will be added automatically as you fill in the last loan.
Balance Total
Borrow Additional
Consolidation Loan Amount
Interest Rate %
Length of Loan
Additional Principal Each Month
Monthly Payment
Total Interest
Total Paid
Payoff Time
Number of Payments
Annual Cost
All calculators are made available as self-help tools for your independent use with results based on information provided by the user. All examples are hypothetical and are for illustrative purposes only. Calculated results are believed to be accurate but results are not guaranteed. Debt calculators are intended only to provide comparisons that may assist you with making decisions regarding how to handle your debt. All debt obligations need to paid each month by their individual due dates. Check all statements from creditors carefully to make sure you pay at least the minimum stated on each. If you have serious debt problems, please seek the advice of a qualified professional who is fully aware of your individual circumstances.
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A title for these calculator results that will help you identify it if you have printed out several versions of the calculator.
The name of the loan's lender or credit card issuer.
Your current outstanding balance on this loan or credit card.
Add down the 'Balance' column.
Any additional amount (over 'Balance Total') you plan to borrow with this consolidation loan.
The amount you plan to borrow.
The annual percentage rate you will pay for this loan.
How long you will pay on this loan. Also choose whether 'Length of Loan' is years or months.
The additional amount you will pay each month (over the required 'Monthly Payment' amount) to pay down the principal on your loan.
Principal + Interest + Additional Principal (where applicable) to be paid each month.
Total amount of interest you will pay over 'Length of Loan'.
Total amount of principal + interest you will pay over 'Length of Loan'.
Amount of time until the loan is paid off.
The number of payments you will make to pay off the loan.
The amount of money you will pay each year for this loan.
When checked, a section will appear below the calculator showing the complete amortization table.