Debt consolidation calculator, calculate debt, Leader in debt consolidation lending 

Debt Consolidation Calculator

Will consolidating my debts into one loan reduce my monthly payments and/or save me money?

Starting with the first line of entry fields, enter each one of your debts, along with their corresponding principal balances, interest rates and monthly payment amounts (the last two columns will be filled in by the calculator). Once you have entered all of the debts you wish to consolidate, click on the "Compute Current Debt Cost" button. Next, enter the consolidating loan's interest rate, term and any origination fees that might apply and click the "Compute Consolidation Loan Costs" button. IMPORTANT: In order for the this calculator to work, each debt must have the four left-hand fields filled in (for interest-free debts enter .001 just to satisfy the required interest-rate entry). Entry Columns Calculated Columns (will be filled in by calculator) Payment Description Principal Balance Interest Rate Payment Amount Interest Cost # of Pmts Left Totals Consolidation Loan Terms Enter the Consolidating Loan's Annual Interest Rate (APR): Enter the Consolidating Loan's term (number of years): Enter total of any Consolidation Loan Fees: Results Without Consolidating WITH Consolidating Difference Total of Monthly Payment(s): Months until debts are paid off: Total Cost (Interest Charges and Loan Fees): Summary

This debt consolidation calculator is just a beginning point. Contact your Homeland Capital Mortgage Consultant with your questions. We will find the right program for you.

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