Debt Consolidation Calculator
Restructuring debt with a debt consolidation loan may be a good option for how to pay down debt. Enter the information about your current debts and the consolidation loan you're considering and this calculator will show you the monthly payment and other important numbers of the consolidation loan and compare those numbers with no consolidation. You can also enter any additional amount you are considering borrowing and any additional principal you will pay each month to pay the loan off faster. The numbers should help you decide how to pay down debt - with a debt consolidation loan for restructing debt or use a debt elimination strategy.
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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 Consolidation
function DebtConsolidation()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Debt-Consolidation.asp?AcctNum=1', '_blank', 'width=680,height=795,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:DebtConsolidation();">Debt Consolidation</a><br>
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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-Consolidation.asp?AcctNum=1" width="680" height="795" frameborder="0" scrolling="auto"><a href="http://www.webcalcsolutions.com/Debt-Calculators/Catalog.asp" target="_blank">Debt Consolidation 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 Consolidation 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 |
13.9 |
| Borrow Additional |
BorrowAddl |
3,000.00 |
| Interest Rate |
IntRate |
9.9 |
| Length of Loan |
Length |
36 |
| Years/Months (drop-down) |
LengthPrd |
Months |
| Additional Monthly Amount |
AddPrin |
40.00 |
View Customized Calculator
<script language="JavaScript" type="text/javascript">
<!--
//Debt Consolidation
function DebtConsolidation()
{
window.open('http://www.webcalcsolutions.com/Debt-Calculators/Debt-Consolidation.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=13.9&' +
'BorrowAddl=3,000.00&IntRate=9.9&Length=36&LengthPrd=Months&AddPrin=40.00',
'_blank',
'width=680,height=795,directories=0,location=0,menubar=0,resizable=1,scrollbars=1,status=0,toolbar=0');
}
-->
</script>
<a href="javascript:DebtConsolidation();">Debt Consolidation</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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