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|This calculator will show you how consolidating all of your debts into one lower interest loan can reduce your
monthly payments. Enter each one of the debts that you would like to pay off, along with their corresponding
principal balances, interest rates, and monthly payment amounts. Once you have all your debts entered, make
any desired changes to the "New Loan Information" default entries and then click on the "Calculate New" button.
Even more fun, it will show you what happens if you apply your monthly savings to your new mortgage payment
and the time it will take to pay off your new mortgage with the extra monthly payments!
|What if you don't apply the entire monthly savings but just a portion of it? Use the easy calculator below to see
how much faster you pay your new mortgage off with whatever extra monthly payment best suits your needs.