Calculating your savings through consolidation
If you have different types of debt that you're struggling to pay down, consolidating it into one loan with lower interest might be your solution. You could end up saving a significant amount of money on interest while eliminating debt. With this calculator, you fill in your loan amounts, credit card balances and other outstanding debt. Then, see what your monthly payment would be with a consolidated loan. Adjust your terms, loan types or rate until you find a consolidation plan that fits your needs and budget.
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.
You should enter figures that are appropriate to your individual situation. The terms and conditions of products offered by institutions will differ and may affect the results of the calculator.
We encourage you to contact our Personal Service Representatives regarding your financial needs.