← Credit calculators

INTERACTIVE CALCULATOR

Should I Consolidate My Personal Debt Into A New Loan?

With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years.

Calculator powered by CalcXML. Results depend on the assumptions entered.

Open calculator in a full window ↗