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Debt Consolidation Calculator
See if consolidating debts will save you money
Current Debts
$
%
$
$
%
$
$
%
$
Consolidation Loan Details
%
months
Monthly Savings
$132
💰
Total Interest Saved
$2,472
📊
New Payment
$308
💳
Payoff Time
60 months
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✓ Consolidation IS worth it
You'll save $132/month and $2,472 total
Comparison
Understanding Debt Consolidation
Pros
- One monthly payment
- Potentially lower interest rate
- Fixed repayment timeline
- Simplifies debt management
Cons
- May extend repayment period
- Origination fees may apply
- Could pay more total interest
- Requires good credit for best rates