Debt Consolidation Calculator

Will consolidating my debt into a new loan be beneficial?

Consolidating some of your credit card and personal debt into a new loan—such as a home-equity loan—can help lower your monthly payments, since these loans are often amortized over 10 or 15 years. Use our Debt Consolidation Calculator to see how quickly you could pay off your debt and how much interest you could save.

Consolidated Loan Information

Annual percentage rate (0% to 40%)

Amortization (Months or years)

Number of Amortization Periods (1 to 360)

Current Debt Information

Debt	Balance ($)	Monthly Payment ($)	Yearly Rate (0% to 40%)
Credit card 1	Credit card 1 Balance	Credit card 1 Monthly Payment	Credit card 1 Yearly Rate
Credit card 2	Credit card 2 Balance	Credit card 2 Monthly Payment	Credit card 2 Yearly Rate
Credit card 3	Credit card 3 Balance	Credit card 3 Monthly Payment	Credit card 3 Yearly Rate
Credit card 4	Credit card 4 Balance	Credit card 4 Monthly Payment	Credit card 4 Yearly Rate
Auto loan 1	Auto loan 1 Balance	Auto loan 1 Monthly Payment	Auto loan 1 Yearly Rate
Auto loan 2	Auto loan 2 Balance	Auto loan 2 Monthly Payment	Auto loan 2 Yearly Rate
Boat/RV loan	Boat/RV loan Balance	Boat/RV loan Monthly Payment	Boat/RV loan Yearly Rate
Other loan 1	Other loan 1 Balance	Other loan 1 Monthly Payment	Other loan 1 Yearly Rate
Other loan 2	Other loan 2 Balance	Other loan 2 Monthly Payment	Other loan 2 Yearly Rate
Other loan 3	Other loan 3 Balance	Other loan 3 Monthly Payment	Other loan 3 Yearly Rate

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Income - Single	Income - Head of Household	Income - Married Filing Jointly	Income - Married Filing Separately	Federal Tax Rate
$0 - $11,600	$0 - $16,550	$0 - $23,200	$0 - $11,600	10%
$11,601 - $47,150	$16,551 - $63,100	$23,201 - $94,300	$11,601 - $47,150	12%
$47,151 - $100,525	$63,101 - $100,500	$94,301 - $201,150	$47,151 - $100,525	22%
$100,526 - $191,950	$100,501 - $191,950	$201,151 - $383,900	$100,526 - $191,950	24%
$191,951 - $243,725	$191,951 - $243,700	$383,901 - $487,450	$191,951 - $243,725	32%
$243,726 - $609,350	$243,701 - $609,350	$487,451 - $731,200	$243,726 - $365,600	35%
$609,351+	$609,351+	$731,201	$365,601	37%

Type	Residence	Tuition & Fees	With Room & Board
Public 4yr	Residence: In-state	Tuition & Fees: $11,260	With Room & Board: $24,030
Public 4yr	Residence: Out-of-State	Tuition & Fees: $29,150	With Room & Board: $41,920
Public 2yr	Residence: In-State	Tuition & Fees: $3,990	With Room & Board: $13,960
Private 4yr	Residence: N/A	Tuition & Fees: $41,540	With Room & Board: $56,190

Inflation		2.9%
U.S. Treasury Bills		3.3%
Long-Term Government Bonds		5.1%
U.S. Large-Company Stocks		10.3%
U.S. Small-Company Stocks		11.8%

Year	Inflation Rate
2014		1.6%
2015		0.1%
2016		1.3%
2017		2.1%
2018		2.4%
2019		1.8%
2020		1.2%
2021		4.7%
2022		8.0%
2023		4.1%