Debt Consolidation Calculator
Consolidate your bills
As you review your finances, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan. Consolidation loans can significantly reduce your required monthly payment. Use our debt consolidation calculator to see how soon your current debt can be paid off with a consolidation loan and how much interest you might save
This calculator is designed to help you determine if debt consolidation is right for you. Enter the requested information about your installment loans, credit card balances, and other outstanding debts. You can then see an estimate of what your monthly payment would be with a consolidated loan.[[#1]]
- All calculators and tools are provided for illustrative and self-educational purposes only. The use of this calculator does not constitute preapproval or prequalification for a loan from First Hawaiian Bank. All loan applications are subject to credit approval and income verification. First Hawaiian Bank is not responsible for the accuracy or completeness of information that you provide or information generated by the calculators. Please check your records carefully before inputting your information into the calculators or tools. All projected rates and results are estimates, are examples only, and are necessarily hypothetical in nature. No results are guaranteed. The above input amounts do not represent actual terms available and are not necessarily the APR or term that a qualified borrower will be offered; please refer to a branch for current rates. The output of the tools and calculators may vary with each use and over time. The output and results should not be construed as financial, legal or tax advice, and the calculators and tools are not intended to replace the advice of qualified professionals. You should not rely on the calculators and tools as your only source of information. You should consult with a qualified professional of your choice whenever specific advice is necessary or appropriate. Once you apply for a loan from First Hawaiian Bank, the actual payments, terms, and interest calculations for the loan will be prepared by us at that time. Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple debts may result in a single monthly payment that is lower than what you currently pay toward your debts each month, but the consolidated loan may not reduce or pay off your debt sooner. The payment reduction may come from a lower rate, a longer-term loan, or a combination of both. By extending the loan term, you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you will be in a better position to decide if it is the right option for you.