Enter your financial information to analyze your debt situation and explore consolidation strategies
This calculator compares three strategies for managing your debt: doing nothing, using a smart payoff strategy, or refinancing. It shows you not just interest savings, but also the opportunity cost—the investment growth you miss by waiting to become debt-free. The goal is to help you see the full financial picture so you can make the best decision for building long-term wealth.
Three key concepts that explain why timing and discretionary funds matter
Extra money freed up each month when you lower your payment through refinancing. You choose how to use it: invest, save, or pay down debt faster. This is the first part of D²—the discretionary funds that become available when you refinance.
The investment gains you miss while waiting to become debt-free. Without refinancing, you can't invest until all debts are paid. With refinancing, you invest immediately and capture years of growth. This is the second part of D²—your discipline to invest those discretionary funds rather than spend them.
Here's how D² becomes FS²: When you have Discretionary Funds (from refinancing) and apply Discipline (by investing them), compound growth multiplies that investment over time. The result is FS²: Financial Success (the actual dollar amount you accumulate) × Financial Security (the peace of mind and options that wealth provides)
Based on your debts, here's how we calculate the best path forward
Keep making your current minimum payments at your current interest rates. This is your baseline—no changes, no strategy, no extra effort. We compare everything else to this option.
Keep your current loans but pay them off in a smarter order. We calculate two proven strategies and show you the best one:
Trade-off: You'll save on interest, but you can't invest until you're debt-free—missing years of opportunity cost. This path delays both parts of D²: no discretionary funds now, and no discipline to invest them.
Refinance and consolidate your debts to a lower interest rate, creating discretionary funds.
The advantage: Lower payment = discretionary funds you can invest immediately, capturing opportunity cost while paying down debt. This is D² in action: discretionary funds × discipline = financial success × financial security.
Refinancing creates discretionary funds. Allocating your opportunity cost with discipline creates wealth. That's D² = FS².
See exactly how much each option costs or saves you. Click any card to see more details.
Keep paying what you're paying now. No extra funds to invest.
Pay off debts smarter, but keep your current loans
Get a lower rate, save money, free up cash each month
You're paying $0.00/month toward 1 debt totaling $0.00. At your current payment rate, you'll pay $0.00 in interest over the next 0.0 years. This is your baseline—see the strategies below to see how you can save money and time.
| Debt Type | Balance | Rate (%) | Monthly Payment | Interest Only | Rem. Pmts. | Total Pmts. | Total Interest |
|---|---|---|---|---|---|---|---|
Mortgage | $0.00 | - | $0.00 | $0.00 | 0.00 | - | - |
| Total: | $0.00 | 0.00% avg | $0.00 | $0.00 | 0.0 yrs | $0.00 | $0.00 |
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Detailed breakdown of your selected debt strategy
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Combined value from investments during and after debt payoff over 0 years
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