Personal Debt Consolidation Calculator

Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loan balances by clicking on the "Enter Data" button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the "View Report" button for detailed results.

Javascript is required for this calculator. If you are using Internet Explorer, you may need to select to 'Allow Blocked Content' to view this calculator.

For more information about these these financial calculators please visit: Financial Calculators from KJE Computer Solutions, Inc.

By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.

Financial Calculators from
Dinkytown.net

KJEFontHeading KJETitleExtra

*This entry is Required. indicates required.

Credit card debt:

Press spacebar to show inputs

Minimum Payments:

Use credit card minimum for payments

Credit Card Balance #1:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #2:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #3:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #4:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #5:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #6:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #7:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #8:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #9:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Credit Card Balance #10:*This entry is Required.Enter an amount between $0 and $100,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:

Auto loan debt:

Press spacebar to show inputs

Other loans & installment debt:

Press spacebar to show inputs

Personal Loan:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

Real-Estate Loan:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

Other Loan 1:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

Other Loan 2:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

Other Loan 3:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

Other Loan 4:*This entry is Required.Enter an amount between $0 and $10,000,000

Interest rate:*This entry is Required.Enter an amount between 0% and 30%

Payment:*This entry is Required.Enter an amount between $0 and $100,000

Payments remaining:

New consolidated loan:

Press spacebar to hide inputs

Loan balance:*This entry is Required.Enter an amount between $0 and $10,000,000

Payment:*This entry is Required.Enter an amount between $0.00 and $100,000.00

Interest rate:*This entry is Required.Enter an amount between 0% and 25%

Term:*This entry is Required.

**FIG_GRAPHTITLE** Column Graph: Please view the report to see detailed calculation results in tabular form.

Monthly Payment Comparison

press spacebar to hide graph

**FIG_GRAPHTITLE** Column Graph: Please view the report to see detailed calculation results in tabular form.

Time to Pay Off Debt

press spacebar to show graph

Definitions

New loan balance

The amount for your new consolidation loan. The default amount will be the total of all of your debts. You can increase or decrease this amount if you need to change the total amount of the loan.

New loan payment

The monthly payment for your new consolidation loan.

New loan interest rate

The Annual Percentage Rate (APR) that you will pay on your new consolidation loan.

New loan term

The term, in months, for your new consolidation loan.

Use minimum payment

If you checked the "use credit card minimum payments" box, your monthly payment is calculated as 4% of your current outstanding balance. With the "use credit card minimum payments" box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full.

(We calculate your minimum monthly payment as 4% of your current outstanding balance. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.)

Credit Card Balance

Your total current balance for this credit card.

Credit Card Interest rate

The annual percentage rate you pay for this credit card. The rate you enter is used to calculate the interest on all future credit card payments. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only good for a short period of time.

Credit Card Payment

This is your initial monthly payment. If you checked the "use credit card minimum payments" box, your monthly payment is calculated as 4% of your current outstanding balance. With the "use credit card minimum payments" box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full.

Loan balance

Your total current balance for an installment loan.

Loan interest rates

The annual percentage rate you pay for this loan. Enter the current interest rate for this loan. This calculator assumes your rate will remain the same for the entire repayment period. We use this to calculate the interest you will pay on this loan and the number of payments that are remaining.

Loan payment

This is your monthly payment. Enter the actual monthly payment for your loan. We use this to determine your payment totals and to calculate the remaining payments.

Remaining loan payments

This is the calculated number of payments remaining for this loan. It is based on your current balance, payment and interest rate.

Public Employees Credit Union
306 E 10th St PO Box 2205
Austin, TX

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.