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Debt Consolidation Calculator
Compare separate high-interest debt payments with a consolidated loan
Consolidation Formula: $M = P \frac{r(1+r)^n}{(1+r)^n - 1}$, comparing your current monthly payments and estimated payoff interest with a new lower-rate loan. Enter your debt details below.
Debt Consolidation Parameters Input
Calculation Results
⚠️ Extending your loan term through consolidation can lower monthly payments but may increase total lifetime interest paid!