Loan Consolidation Calculator
Instructions:
Select the number of loans you're considering consolidating.
Enter your existing balances and current interest rates of the loans you wish to consolidate in this worksheet.
Enter the whole dollar amounts without commas. For example, do not use commas in the values of $1000 or more.
How many loans do you have?
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Loan #
Balance
Interest Rate
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Repayment Incentives
Lenders may offer interest rate incentives for bank draft and/or on-time payments. For example, if your lender offers a .25 percent interest rate reduction for bank draft and another 1 percent reduction for 36 on-time payments, then you would enter 1.25 percent in the first box and 36 months in the second box.
Enter your total incentives as a percentage:
%
Delay for effect of incentives:
months
