Consolidation Loan Investment Calculator

Compare paying off debt vs. consolidating and investing the monthly savings.

  • Methods explained
  • Save scenarios
  • Compare saved scenarios

Current Debt

$
%
$

Consolidation & Investment

%
48 months
%

Analysis

Current Debt

Payoff Time47
Total Interest$9,918

Consolidation Option

New Monthly Payment$622
Total Interest$4,862
Monthly Savings$128
Investment Value (savings invested)$7,060
Net Benefit$5,976
Recommendation0
How it works›

Model and assumptions. Compares the entered consolidation cash flows and the future value of modeled payment savings. Debt payments are obligations while the reinvestment return is an assumption; taxes, market volatility and unentered loan fees can change the result.CFPB: money and debt worksheetsOpenStax: annuity formulas