Debt Calculator

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DEBT CONSOLIDATION CALCULATOR

This calculator will show you how consolidating your all of your debts into one lower interest mortgage can reduce your monthly payments.

Enter each one of the debts that you would like to pay off, along with their corresponding principal balances, interest rates, and monthly payment amounts. Once you have all your debts entered, make any desired changes to the “New Mortgage Information” default entries and then click on the “Calculate” button.
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Credit Type Balance Payment Interest Rate Annual Fees
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Additional Cash?
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New Loan Information

Enter data about your planned New Loan with us
(change any of the proposed numbers below).

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Proposed interest rate (%)
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Loan Term
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Estimated closing costs ($)
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Results Current New Loan
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Total Debts
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Effective rate before taxes
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Effective rate after taxes
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Total monthly payment
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Monthly savings
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Annual savings
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Five year savings
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Ultimate Savings Report
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What if you were to pay the same OLD
payments instead of your NEW LOWER PAYMENTS… (which is your choice
every month)… your monthly SAVINGS will reduce the loan principal
each month, SHORTENING the loan itself… without ANY more costs than
you used to pay.
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Total years SAVED if same OLD payments are made on

NEW loan

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Total years until “FREE & CLEAR” if savings are paid to principal
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TOTAL INTEREST SAVED over life of loan if savings are applied to principal
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Debt calculator Information is provided for sample purposes only. SherwoodMortgageGroup.com does not guarantee its accuracy. Information should be verified and should not be relied upon as legal, financial, or other advice.

 

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