Loan consolidation calculator

Can I lower my monthly payments by consolidating loans?

This calculator will help you determine if you can lower your monthly payments by consolidating your loans.

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This calculator determines how your monthly debt payments would change if you consolidate your debt into one loan. Remember that debt consolidation can lower your monthly payments, but it can also increase the cost of debt over the life of the loan, if you increase the pay-off term significantly. Therefore, it may not make sense to consolidate loans that will be paid off in the near future. Talk to a financial advisor for more information on your particular situation.

LendingTree calculators are for informational purposes only. LendingTree does not guarantee the accuracy of the calculators, or that you will receive the input rates. Consult a financial advisor for details specific to your situation.