Debt Consolidation Calculator

Debt Consolidation Calculator
When the typical debt-consolidation company advertises that they can "save you money," what they are most often referring to is simply a reduction in your total monthly debt payments -- not a savings in the cost of paying off your debt (interest charges). Sure, by consolidating your payments into a single loan, you might be paying one monthly payment that is smaller than the sum of your current monthly payments, but if they stretch your loan out for a longer period of time you could actually end up paying more interest by consolidating. This calculator will help you to determine whether or not consolidating will actually reduce the cost of retiring your debts. Instructions: 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). Also, be sure to enter only numbers and decimal points in the numeric entry fields. Dollar signs, percent signs, commas and spaces will cause a JavaScript error.
	Entry Columns				Calculated Columns
#	Payment Description	Principal Balance	Interest Rate	Payment Amount	Interest Cost	# of Pmts Left
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):
Enter the Consolidating Loan's term (number of years):
Enter total of any Consolidation Loan Fees:

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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TaxLand, Inc. has been providing accounting services in the New York (NY), Long Island communities of Nassau County, Queens County, Metropolitan New York Area, Brooklyn, Bronx, Staten Island, Manhattan, Suffolk County, Westchester, Kings County, New Jersey (NJ), Florida (FL) , North Carolina (NC), Virginia (VA), Washington DC (DC), Massachusetts (MA), Pennsylvania (PA), Connecticut (CT), California (CA), Oregon(OR), Ohio (OH), South Carolina (SC), Delaware (DE), Maryland (MD),

Within these states, especially Long Island, New York (NY) we frequently service Addisleigh Park, Albany, Albertson, Alexandria, Allendale, Alpharetta, Amityville, Andover, Ardsley, Arlington, Arverne, Asharoken, Astoria, Atlanta, Atlantic Beach, Babylon, Baldwin, Baldwin Harbor, Baltimore, Bay Shore, Bayshore, Bayside, Bedford, Bedford Hills, Bedminster, Bellerose, Bellmore, Bessemer, Bethpage, Beverly Hills, Binghamton, Blackstone, Blakeslee, Bloomfield, Boca Raton Florida (FL) , Bohemia, Bound Brook, Boynton Beach, Branford, Brentwood, Briarwood, Bridgehampton, Bridgewater, Broad Channel, Bronx, Bronxville, Brookline, Brooklyn, Brookville, Brookville, Calabasas, Caldwell, Cambria Heights, Candor, Carle Place, Carmel Valley, Cedar Grove, Cedarhurst, Centereach, Centerport, Central Islip, Chappaqua, Cherry Hill (NJ), Chicago (IL), Cincinnati (OH), Clifton Park, Cold Spring Harbor, College Point, Columbia, Commack, Copaigue, Coral Springs (FL), Coram, Cornwall, Cortlandt Manor, Cos Cob, Cranbury, Crown Point, Crystal Beach, D' Abadie, Dallas (TX), Danville, Darian, Deer Park, Delray Beach (FL), Deltona, Denver (CO), Derby, Des Moines, Dix Hills, Douglaston, Durham, East Brunswick, East Elmhurst, East Fairfield, East Farmingdale, East Flatbush, East Hills, East Islip, East Meadow, East Northport, East Norwich, East Patchougue, East Rockaway, East Rockaway, East Rutherford, East Williston, Elizabeth, lmhurst, Elmont, Englewood, Essex Falls, Far Hills, Far Rockaway, Farmingdale, Farmingville, Flemington, Floral Park, Floral Park Village, Florham Park, Flushing, Forest Hills, Fort Lauderdale, Fort Lee, Fort Myers (FL), Franklin Lakes, Franklin Square, Frederick, Freehold, Freeport, Fresh Meadows, Ft. 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