This debt consolidation calculator takes multiple debts or payments and combines them into one to illustrate the impact of only having one payment to make. By combining multiple debts into a single, larger loan, you may be able to obtain better payoff terms, such as a lower interest rate and/or lower monthly payments. The goal is to pay down your debts sooner by having fewer payments consolidated at a lower interest rate.
Debt Consolidation Calculator
Discover how consolidating your debt using a lower interest rate can reduce interest costs.
Managing debt can be very stressful. The best way to consolidate your debt will depend on the amount you need to pay off and your ability to repay it. It’s good to know that there are different options for a debt consolidation strategy can help you manage debt better.
The Debt Consolidation calculator is one tool to help to manage debt as part of a holistic financial plan helping to ensure a healthy financial future. For other resources on debt, see these related calculators:
• Loan Calculator
• Mortgage Affordability
• Pay Down Debt or Invest
Debt Consolidation Calculator
Companion Infographic
The consolidated loans infographic outlines how one loan can replace a number of loans with one larger one in addition to best practices going forward. This companion infographic works well with the Debt Consolidation calculator to illustrate the concept of how high interest debt can be paid out with a lower interest rate.
Features
Consumer-facing
These consumer-facing financial calculators can be embedded in your web site quickly and easily.
Responsive
Calculators are easy-to-use and fully responsive on any device – phone, tablet, laptop or desktop.
Full Branding
Calculators can be fully branded according to your branding style guide. You’ll be up and running with a quick turnaround.
The calculator can be viewed for free up to five (5) times.
To use the full-featured versions of these calculators in FreshPlan, please contact us.