Debt Consolidation Calculator


This calculator will help you to determine whether or not consolidating will actually reduce the cost of retiring your debts. Instructions: Fill in the four left-hand fields for each debt. Once you have entered all of the debts you wish to consolidate, click on the "Compute Current Debt Cost" button. Next, enter the consolidation loan's interest rate, term and any origination fees that apply and click the "Compute Consolidation Loan Costs" button. Note: When entering information into the data fields only use numbers and applicable decimal points. Entering commas, dollar signs, or any other non-numeric characters will cause an error.
	Entry Columns				Calculated Columns
#	Payment Description	Principal Balance	Interest Rate	Payment Amount	Interest Cost	# of Pmts Left
ex
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
	Totals

Consolidation Loan Terms
Enter the Consolidating Loan's Annual Interest Rate (APR):					(ex. 6.25)
Enter the Consolidating Loan's term (number of years):					(ex. 5)
Enter total of any Consolidation Loan Fees:					(ex. 250)

Results				Without Consol- idating	With Consol- idating	Difference
Total of Monthly Payment(s):
Months until debts are paid off:
Total Cost (Interest Charges and Loan Fees):
Summary

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