Debt Consolidation Calculator Each debt must have the four left-hand fields filled in (for interest-free debts enter .001 just to satisfy the required interest-rate entry). Also, be sure to enter only numbers and decimal points in the numeric entry fields. Dollar signs, percent signs, commas and spaces will cause a JavaScript error. Debt payments are for pricipal & interest only and do not include taxes, insurance, etc Entry Columns Calculated Columns Payment Description Debt Balance Interest % Payment/Mo Interest Cost # of Payments Totals Consolidation Loan Terms Enter the Consolidating Loan's Annual Interest Rate Enter the Consolidating Loan's term (number of years): Enter total of any Consolidation Loan Fees: Results Without Consolidating With Consolidating Difference (minus means savings) Total of Monthly Payment(s):

 

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What Cost - Credit Card Debt?

 

Say you owe a total of $36,000 in credit card debt. Your current payment is $720. If you continue to make the minimum payments it will take you more than 30 years to payoff this debt. The total interest paid will be $118,375.