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Debt Consolidation Calculator 

 

 


 

To find out how much money you can save with a debt consolidation loan, please insert your current balances and monthly payments into the calculator.

 

 

Debt Type

Current
Balance

Monthly
Payment

$ $
$ $
$ $
$ $
$ $
$ $
$ $

Totals

$ $

Loan Term = The number of months you will have to pay your loan off.

Please Enter A Loan Term

Months

This box represents your monthly payment for a debt consolidation loan

New Loan
Monthly Payment

$

* Calculation based on a 30 year simple interest rate loan, 12.00% interest rate. your loan may vary

Monthly Savings

$

If you would like to add additional money to your payments to shorten your payoff time and save money, please enter that amount in the box to the right.

Additional
Payments

$
This box represents the amount of money you will save by making consistent additional payments of the amount you entered in the "additional payment" box.

Additional
Payment
Savings

$
This box represents that amount of time in months that it will take you to pay off your loan by making consistent additional payments of the amount you entered in the "additional payment" box.

Revised
Term

Months

 

 

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Disclaimer
We do not offer legal advice. All information provided on this website is for informational purposes only and is not a substitute for proper legal advice. If you have legal questions, we recommend that you seek the advice of legal professionals.

Tax Disclaimer: To ensure compliance with IRS Rules, any U.S. federal tax advice provided in this communication is not intended or written to be used, and it cannot be used by the recipient or any other taxpayer (i) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer under the Internal Revenue Code, or (ii) in promoting, marketing or recommending to another party a partnership or other entity, investment plan, arrangement or other transaction addressed herein.

Copyright 2017 Wink Tax Services / Wink Inc.
Last modified: January 30, 2017