Finance & Irish taxes
Debt consolidation comparison Calculator
Compare existing debts with one replacement loan. This free debt consolidation comparison calculator shows the calculation and its assumptions so you can compare your own figures.
Your results
Compare existing debts with one replacement loan.
Calculated outcomes
- Consolidated Balance
- €13,000.00
- Monthly Payment Reduction
- €172.58
- New Total Cost
- €15,594.93
- Old Future Payments
- €15,208.61
Assumptions and estimates
- Rows are balance, annual rate %, existing monthly payment. Fee is paid upfront. No further borrowing or early repayment penalties; include penalties in the fee if applicable.
- Method: Calculate remaining payments on each existing debt and the replacement loan on the same total principal.
- Rows: balance, rate %, payment. Upfront fee includes entered early repayment charges; extending a term can cost more.
Useful next steps
- Use Compare options to test an alternative side by side.
- Copy, print or download a record of this calculation when you need one.
Reports open your email app addressed to s@s1.ie with the public page address only. Your inputs are never added.
How the debt consolidation comparison calculation works
Calculate remaining payments on each existing debt and the replacement loan on the same total principal.
Rows: balance, rate %, payment. Upfront fee includes entered early repayment charges; extending a term can cost more.
Using this calculator
- Enter your own figures in the labelled inputs. Keep the currencies, units and time periods consistent.
- Choose any applicable rate profile, pattern or assumption shown for this tool. Open additional inputs when relevant.
- Review new monthly payment and total cost saving, then read the stated assumptions and eligibility conditions before using the result.
Worked example
This is a static example using illustrative inputs, not facts about you or today’s date. The displayed eligibility selections and assumptions apply only to this example.
See example inputs
- Current loans: balance, annual rate %, payment
- 5000, 15, 180 8000, 8, 250
- Consolidation annual rate (%)
- 7
- New term (months)
- 60
- All-in upfront fees (€)
- 150
- New Monthly Payment
- €257.42
- Total Cost Saving
- -€386.32