Debt Elimination Calculator
Use this debt elimination calculator to help lower debt by letting you organize and prioritize your loans to get them paid as quickly as possible. Enter the debts you want to eliminate, choose your elimination priority and run an amortization schedule that will show you how to reduce debt the quickest including a monthly payment schedule for each loan each month until they are all paid. You can even compare how much it would cost and how long it would take to lower debt by making minimum payments each month.
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Popup
Copy this text to popup the calculator in its own window. It is important to use your Account Number instead of 1 as shown in this example.
<script language="JavaScript" type="text/javascript">
<!--
//Debt Elimination
function DebtElimination()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Debt-Elimination.asp?AcctNum=1', '_blank', 'width=680,height=870,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:DebtElimination();">Debt Elimination</a><br>
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<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
Embedded
Copy this text to embed the calculator in your webpage.It is important to use your Account Number instead of 1 as shown in this example.
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<iframe src="http://www.webcalcsolutions.com/Debt-Calculators/Debt-Elimination.asp?AcctNum=1" width="680" height="870" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Debt-Calculators/Catalog.asp" target="_blank">Debt Elimination Calculator</a></iframe>
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<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Customizable Field Values
You can customize the following field values for this calculator. When the calculator runs it will have
the values you set for these fields. It is important to use your Account Number instead of 1
as shown in this example.
Debt Elimination Calculator's
Customizable Fields |
| Screen Name |
Parm Name |
Parm Value Used in this Example |
| Title |
Title |
Mr. & Mrs. O'Riley |
| Creditor 1 (up to 9) |
Creditor1 |
Sears |
| Payment Amount 1 (up to 9) |
PmtAmt1 |
0 |
| Balance 1 (up to 9) |
Balance1 |
1,200.00 |
| Interest Rate 1 (up to 9) |
IntRate1 |
22.9 |
| Minimum Payment Percent 1 (up to 9) |
MinPmtPct1 |
1.75 |
| Minimum Principal Percent 1 (up to 9) |
MinPrinPct1 |
1 |
| Minimum Interest Amount 1 (up to 9) |
MinIntAmt1 |
1 |
| Minimum Payment Amount 1 (up to 9) |
MinPmtAmt1 |
5 |
| Creditor 2 |
Creditor2 |
Visa |
| Payment Amount 2 |
PmtAmt2 |
0 |
| Balance 2 |
Balance2 |
1,500.00 |
| Interest Rate 2 |
IntRate2 |
12.9 |
| Minimum Payment Percent 2 |
MinPmtPct2 |
2 |
| Minimum Principal Percent 2 |
MinPrinPct2 |
1.25 |
| Minimum Interest Amount 2 |
MinIntAmt2 |
1.5 |
| Minimum Payment Amount 2 |
MinPmtAmt2 |
7.50 |
| Creditor 3 |
Creditor3 |
Discover |
| Payment Amount 3 |
PmtAmt3 |
0 |
| Balance 3 |
Balance3 |
3,400.00 |
| Interest Rate 3 |
IntRate3 |
16.99 |
| Minimum Payment Percent 3 |
MinPmtPct3 |
2.25 |
| Minimum Principal Percent 3 |
MinPrinPct3 |
1.5 |
| Minimum Interest Amount 3 |
MinIntAmt3 |
.5 |
| Minimum Payment Amount 3 |
MinPmtAmt3 |
10 |
| Creditor 4 |
Creditor4 |
Auto Loan |
| Payment Amount 4 |
PmtAmt4 |
250 |
| Balance 4 |
Balance4 |
9,000.00 |
| Interest Rate 4 |
IntRate4 |
8.9 |
| Additional Monthly Amount |
AddlMonthlyPmt |
40.00 |
| Start Mo/Yr |
StartDate |
01/2006 |
| Elimination Priority (HighestInterest, <br>LowestBalance, LowestPayment) |
Priority |
LowestBalance |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Debt Elimination
function DebtElimination()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Debt-Elimination.asp?AcctNum=1&' +
'Title=Mr. %26 Mrs. O%27Riley&Creditor1=Sears&PmtAmt1=0&Balance1=1,200.00&' +
'IntRate1=22.9&MinPmtPct1=1.75&MinPrinPct1=1&MinIntAmt1=1&MinPmtAmt1=5&' +
'Creditor2=Visa&PmtAmt2=0&Balance2=1,500.00&IntRate2=12.9&MinPmtPct2=2&' +
'MinPrinPct2=1.25&MinIntAmt2=1.5&MinPmtAmt2=7.50&Creditor3=Discover&PmtAmt3=0&' +
'Balance3=3,400.00&IntRate3=16.99&MinPmtPct3=2.25&MinPrinPct3=1.5&MinIntAmt3=.5&' +
'MinPmtAmt3=10&Creditor4=Auto Loan&PmtAmt4=250&Balance4=9,000.00&IntRate4=8.9&' +
'AddlMonthlyPmt=40.00&StartDate=01/2006&Priority=LowestBalance',
'_blank',
'width=680,height=870,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:DebtElimination();">Debt Elimination</a><br>
<br>
<a href='http://www.webcalcsolutions.com/' style='font-size: 8pt;'>Online Calculators - Financial Calculators, Health Calculators, and Health Assessments from WebCalcSolutions.com</a><br>
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Our examples have special characters (& or ') that must be encoded
to be interpreted properly by the browser. If the customized text you want to use
has any of these characters (&, ' [apostrophe or single-quote],
#, ?, ", \ or %) we have provided this Encode
tool so you can see how to type it into your script. Enter your customized text
then select 'Encode'. The encoded text will show up in the lower box and can be
copied and pasted directly into your script.
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