| Payoff | Payment | Consolidation | Snowball | Avalanche |
Debt Consolidation Calculator is a financial planning tool to calculate how much money you can save by consolidating all your debt. Enter each of your debt one by one below.
The total interest payments for your existing debts are $6,339.45, while the interest payments for the consolidation loan is $3,001.49.
You should consolidate your debt and save $3,337.96 in interest payments.
Debt Consolidation Comparison |
||
| Original Debts | Consolidation Loan | |
|---|---|---|
Loan Amount: |
$22,000.00 | $22,000.00 |
Monthly Payment: |
$900.00 | $694.49 |
Total # Of Payments: |
37 | 36 |
Start Date: |
Nov, 2024 | Nov, 2024 |
Payoff Date: |
Dec, 2027 | Oct, 2027 |
Total Interest Paid: |
$6,339.45 | $3,001.49 |
Total Payment: |
$28,339.45 | $25,001.49 |
Total Savings: |
$0.00 | $3,337.96 |
Consolidation Loan Amortization Schedule |
||||||
| Payment Date | Payment # | Interest Paid | Principal Paid | Total Payment | Remaining Balance | |
|---|---|---|---|---|---|---|
| Nov, 2024 | 1 | $155.83 | $538.65 | $694.49 | $21,461.35 | |
| Dec, 2024 | 2 | $152.02 | $542.47 | $694.49 | $20,918.88 | |
| Jan, 2025 | 3 | $148.18 | $546.31 | $694.49 | $20,372.57 | |
| Feb, 2025 | 4 | $144.31 | $550.18 | $694.49 | $19,822.39 | |
| Mar, 2025 | 5 | $140.41 | $554.08 | $694.49 | $19,268.31 | |
| Apr, 2025 | 6 | $136.48 | $558.00 | $694.49 | $18,710.31 | |
| May, 2025 | 7 | $132.53 | $561.95 | $694.49 | $18,148.36 | |
| Jun, 2025 | 8 | $128.55 | $565.93 | $694.49 | $17,582.42 | |
| Jul, 2025 | 9 | $124.54 | $569.94 | $694.49 | $17,012.48 | |
| Aug, 2025 | 10 | $120.51 | $573.98 | $694.49 | $16,438.50 | |
| Sep, 2025 | 11 | $116.44 | $578.05 | $694.49 | $15,860.45 | |
| Oct, 2025 | 12 | $112.34 | $582.14 | $694.49 | $15,278.31 | |
| Nov, 2025 | 13 | $108.22 | $586.26 | $694.49 | $14,692.04 | |
| Dec, 2025 | 14 | $104.07 | $590.42 | $694.49 | $14,101.63 | |
| Jan, 2026 | 15 | $99.89 | $594.60 | $694.49 | $13,507.03 | |
| Feb, 2026 | 16 | $95.67 | $598.81 | $694.49 | $12,908.22 | |
| Mar, 2026 | 17 | $91.43 | $603.05 | $694.49 | $12,305.16 | |
| Apr, 2026 | 18 | $87.16 | $607.32 | $694.49 | $11,697.84 | |
| May, 2026 | 19 | $82.86 | $611.63 | $694.49 | $11,086.21 | |
| Jun, 2026 | 20 | $78.53 | $615.96 | $694.49 | $10,470.26 | |
| Jul, 2026 | 21 | $74.16 | $620.32 | $694.49 | $9,849.93 | |
| Aug, 2026 | 22 | $69.77 | $624.72 | $694.49 | $9,225.22 | |
| Sep, 2026 | 23 | $65.35 | $629.14 | $694.49 | $8,596.08 | |
| Oct, 2026 | 24 | $60.89 | $633.60 | $694.49 | $7,962.48 | |
| Nov, 2026 | 25 | $56.40 | $638.08 | $694.49 | $7,324.40 | |
| Dec, 2026 | 26 | $51.88 | $642.60 | $694.49 | $6,681.79 | |
| Jan, 2027 | 27 | $47.33 | $647.16 | $694.49 | $6,034.63 | |
| Feb, 2027 | 28 | $42.75 | $651.74 | $694.49 | $5,382.89 | |
| Mar, 2027 | 29 | $38.13 | $656.36 | $694.49 | $4,726.54 | |
| Apr, 2027 | 30 | $33.48 | $661.01 | $694.49 | $4,065.53 | |
| May, 2027 | 31 | $28.80 | $665.69 | $694.49 | $3,399.84 | |
| Jun, 2027 | 32 | $24.08 | $670.40 | $694.49 | $2,729.44 | |
| Jul, 2027 | 33 | $19.33 | $675.15 | $694.49 | $2,054.29 | |
| Aug, 2027 | 34 | $14.55 | $679.93 | $694.49 | $1,374.35 | |
| Sep, 2027 | 35 | $9.73 | $684.75 | $694.49 | $689.60 | |
| Oct, 2027 | 36 | $4.88 | $689.60 | $694.49 | $0.00 | |
Debt Payoff Calculator | Terms | Privacy | Disclaimer | Contact
©2024 Debt Payoff Calculator