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If the new page layout is not working for you, please Contact Me and let me know what device, operating system, and web browser (with version numbers) you are using so I can attempt to get the layout working for your setup.

About the Redesign

If you visited this site prior to September 15th, 2018, you've no doubt noticed that I've since launched a complete redesign of the website.

If you're not happy with the new design, I sincerely apologize. I would have preferred to keep the old desktop design, but considering the majority of my site's users are now accessing the site from small-screen, touch-enabled, mobile devices, and considering Google is now penalizing websites for not being mobile/thumb friendly, I was left with no choice but to switch to a responsive, mobile-first design.

The good news is that now that I have combined the three separate versions of the site (mobile, desktop, and ad-free member) into a single design, this will free up a ton of my time for working to make the mobile-optimized calculators more desktop/laptop friendly. In fact, some of the redesigned calculators already offer a desktop-optimized form that becomes visible when you increase the width setting of the calculator (within the "Calculator Preferences" expandable panel).

Thank you in advance for your help and patience as I work to improve the redesign.

-Dan

Calculator Preferences
Credit Card Consolidation Calculator Sign

Credit Card Consolidation Calculator

This calculator will calculate the payment, interest charge, and term savings that will occur if you consolidate all of your cards into one loan. Includes an eye-opening fixed-minimum toggle switch for each card. Results include a side-by-side chart comparing with and without consolidation, a text summary, and a bar chart. The Think tab includes:

  • What's wrong with "those" people?!
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Enter Credit Cards

Enter Credit Cards:

Note that depending on the width of the calculator, you will see either a vertical entry form optimized for mobile devices (narrow widths) or a horizontal entry form optimized for desktop devices (widths wide enough to accommodate rows and columns of entry fields).

To add a credit card, enter the name, balance, interest rate, and monthly payment. When you're satisfied with the entries, tap the + button (may also appear as "Add" or "Add Card" depending on the width of your device).

To edit a credit card in the list, tap the radio button in the Edit column. This will load the card into the form for editing. When you're satisfied with the changes you've made, tap the S button (may also appear as "Save" or "Save Changes" depending on the width of your device).

To delete a credit card from the list, tap the radio button in the Edit column. This will load the card into the form for deleting. Tap the button (may also appear as "Delete" depending on the width of your device).

To clear the form to create a new credit card entry, tap the C button (may also appear as "Clr" or "Clear" depending on the width of your device).

To add a credit card to your consolidation plan, click the Add Credit Card Row button. Then complete the row of entries for the card you are adding.

To remove a credit card from your consolidation plan, click the X button in the left-hand column of the row you wish to remove.

Important! The entered credit cards are saved in your device's random memory (temporary storage), which means that if you surf to another calculator or close this browser window you will need to re-enter your cards.

XLearn More
Card
Name
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Statement
Balance ($)
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Interest
Rate (%)
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Payment
Amt ($)
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Min
Pmt
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Interest
Cost
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# Pmts
Left
Totals:  
Card name:Card name:Credit card name:Credit card name:

Credit card name:

Enter the name of the credit card as you want it to appear on the printed report. Note that if the card statement lists more than one interest rate (1 for purchases, 1 for cash advances, etc.), I suggest you enter the balances as separate cards (Visa purchases, Visa cash, etc.).

Balance:Balance:Statement balance:Statement balance:

Statement balance:

Enter the statement balance of the credit card, without any dollar sign or commas.

Rate:Interest rate:Annual interest rate:Annual interest rate:

Annual interest rate:

Enter the annual interest rate of the credit card. Enter as a percentage without the percent sign (for .06 or 6%, enter 6). If this credit card has more than one interest rate (1 for purchases, 1 for cash advances, etc.), enter the individual rate balances as separate cards (Visa purchase, Visa cash, etc.).

Payment:Monthly payment:Monthly payment:Monthly payment:

Monthly payment:

Enter the monthly payment for each credit card. If you are making only the declining minimum monthly payment, enter the minimum payment amount from your credit card statement.

Min pmt?Minimum pmt?Making only minimum payment?Making only declining minimum payment?

Making only declining minimum payment?

If you are only making the declining minimum monthly payment on this card, move the switch to "Yes". Otherwise, if you are making a fixed monthly payment on the card, move the switch to the "No" position.

If you want to quickly compare the interest cost and payoff term between fixed and minimum payments, move the switch back and forth (only after you have filled in the balance, interest rate, and payment amount).

If you are only making the declining minimum monthly payment on a card, check the checkbox in its row. Otherwise, if you are making a fixed monthly payment on the card, leave the row's checkbox unchecked.

If you want to quickly compare the interest cost and payoff term between fixed and minimum payments, check and uncheck a checkbox (only after you have filled in the balance, interest rate, and payment amount).

Interest:Interest cost:Interest cost through payoff:Interest cost from now till card is paid off:

Interest cost from now till card is paid off:

Based on your balance, interest rate and payment entries, this is how much interest you will pay on this credit card between now and when you make the final payment. Required Fields: The Statement Balance, Interest Rate and Payment Amount fields must all contain a valid entry for this field to be calculated.

If all three required fields contain valid entries, but the calculated interest cost is blank, then you will need to increase the amount of the payment until the interest cost appears.

Pmts left:Payments left:Number of payments left:Number of payments remaining:

Number of payments remaining:

Based on your balance, interest rate and payment entries, this is the number of payments remaining on this card. Required Fields: The Statement Balance, Interest Rate and Payment Amount fields must all contain a valid entry for this field to be calculated.

If all three required fields contain valid entries, but the calculated number of payments remaining is still blank, then you will need to increase the amount of the payment until the number of payments appears.

Consolidation Loan Terms

Consolidation Loan Terms:

After entering all of your credits cards, enter the consolidation loan terms into this section.

Loan rate:Consolidation rate:Consolidating loan's interest rate:Consolidating loan's annual interest rate:

Consolidating loan's annual interest rate:

Enter the annual interest rate of the credit card consolidation loan. Enter as a percentage without the percent sign (for .06 or 6%, enter 6).

Loan years:Consolidation years:Consolidating loan's term in years:Consolidating loan's term in number of years:

Consolidating loan's term:

Enter the term of the credit card consolidation loan in number of years.

Loan fees:Consolidation fees:Consolidating loan fees:Total of any consolidation loan fees:

Total of any consolidation loan fees:

Enter any fees or costs associated to the credit card consolidation loan (closing costs, origination fees, etc.). Enter as a dollar amount, but without the dollar sign and any commas.

Comparison Results
Com-
pare
CompareComparisonComparison
Without
Consol-
idating
Without
Consol-
idating
Without
Consol-
idating
Without
Consolidating
With
Consol-
idating
With
Consol-
idating
With
Consol-
idating
With
Consolidating
Diff +/-Diff +/-Diff +/-Diff +/-
Pmt:Pmt:Payment:Monthly Payment:

Monthly payment row:

Total of monthly payments Without consolidation and With consolidation. A plus (+) sign in the Diff +/- column indicates the consolidation loan payment is greater than the total of your current payments. A minus (-) sign indicates the consolidation loan payment is less than the total of your current payments.

Pmts:Pmts:# payments:# of payments:

Months until credit cards are paid off:

The number of months until credit cards are paid off Without consolidation and With consolidation. A plus (+) sign in the Diff +/- column indicates the consolidation payoff term is greater than the current payoff term. A minus (-) sign indicates the consolidation payoff term is less than the current payoff term.

Cost:Cost:Total cost:Total cost:

Total cost row:

Total of cost (interest and loan fees) Without consolidation and With consolidation. A plus (+) sign in the Diff +/- column indicates the consolidation loan will cost you more than your current payoff interest charges. A minus (-) sign indicates the consolidation loan will cost you less than your current payoff interest charges.

If you would like to save the current entries to the secure database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated
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Tip

Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.

 

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