The loan consolidation calculator allows you to calculate the loan amount if you consolidate two or more. If you have problem in meeting your monthly compensations, have worn out your deferment and forbearance options, and you do not want to have the risk of a default on your head, then you might need the direct consolidation loan. may help you. The Loan Consolidation Calculator helps you by comparing the monthly payments, rates of interest and cost of your current loans with the monthly payment, interest rate and cost of a consolidation loan. This calculator also takes care of calculations of the standard, extended, and graduated repayment. However, it is not built to include a calculation of income contingent repayment.