ÿþ<HTML> <HEAD> <TITLE>Debt Consolidation Calculator</TITLE> <META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso8859-1"> <META NAME="description" CONTENT="Financial Calculators, ©1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net"> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <!-- Financial Calculators, ©1998-2008 KJE Computer Solutions, LLC. 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For more information please see: <A HREF="http://www.dinkytown.net">http://www.dinkytown.net</A> --> <H1>Debt Consolidation</H1><P>Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you. Fill in your loan amounts, credit card balances and other outstanding debt. You can then see what your monthly payment would be with a consolidated loan. Try adjusting your terms, loan types or rate until you find a consolidation plan that fits your needs - and most importantly your budget!<P><CENTER> <!--[if IE]><object name="calculator" classid="clsid:8AD9C840-044E-11D1-B3E9-00805F499D93" codebase="http://java.sun.com/update/1.6.0/jinstall-6-windows-i586.cab#Version=1,4,0,0" height="420" width="565"><param name="code" value="Consolidate" /><param name="archive" value="dinkytown.jar" /> <P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]--><![if !IE]><P style="font-size:1px; color: #ffffff" line-height: 1px><![endif]></P><![if !IE]><APPLET name="calculator" code="Consolidate.class" align="baseline" WIDTH="565" HEIGHT="420" archive="dinkytown.jar"><![endif]> <PARAM name="AUTO_LOAN_AMOUNT_OWED" value="9500"> <PARAM name="AUTO_LOAN_PAYMENT" value="430"> <PARAM name="AUTO_LOAN_MONTHS_LEFT" value="24"> <PARAM name="AUTO_LOAN_2_AMOUNT_OWED" value="0"> <PARAM name="AUTO_LOAN_2_PAYMENT" value="0"> <PARAM name="AUTO_LOAN_2_MONTHS_LEFT" value="0"> <PARAM name="BOAT_RV_LOANS_AMOUNT_OWED" value="0"> <PARAM name="BOAT_RV_LOANS_PAYMENT" value="0"> <PARAM name="BOAT_RV_LOANS_MONTHS_LEFT" value="0"> <PARAM name="EDUCATION_LOANS_AMOUNT_OWED" value="0"> <PARAM name="EDUCATION_LOANS_PAYMENT" value="0"> <PARAM name="EDUCATION_LOANS_MONTHS_LEFT" value="0"> <PARAM name="OTHER_LOANS_AMOUNT_OWED" value="0"> <PARAM name="OTHER_LOANS_PAYMENT" value="0"> <PARAM name="OTHER_LOANS_MONTHS_LEFT" value="0"> <PARAM name="CREDIT_CARD_1_AMOUNT" value="5000"> <PARAM name="CREDIT_CARD_1_RATE" value="15.9"> <PARAM name="CREDIT_CARD_2_AMOUNT" value="1200"> <PARAM name="CREDIT_CARD_2_RATE" value="19"> <PARAM name="CREDIT_CARD_3_AMOUNT" value="0"> <PARAM name="CREDIT_CARD_3_RATE" value="0"> <PARAM name="OTHER_ACCOUNT_AMOUNT" value="0"> <PARAM name="OTHER_ACCOUNT_RATE" value="0"> <PARAM name="INTEREST_RATE" value="8"> <PARAM name="TERM_IN_MONTHS" value="24"> <PARAM name="UP_FRONT_COSTS" value="0"> <PARAM name="POINTS" value="0"> <PARAM name="RATE_EARNED_ON_SAVINGS" value="4"> <PARAM name="INCOME_TAX_RATE" value="25"> <PARAM name="LOAN_TYPE" value="Personal"> <PARAM name="INCLUDE_CLOSING_COSTS_IN_LOAN" value="0"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Debt Consolidation Calculator</TITLE> <META HTTP-EQUIV='Content-Type' CONTENT='text/html; charset=iso8859-1'> <META NAME='description' CONTENT='Financial Calculators, &QCPQ;1998-2010 KJE Computer Solutions, LLC. For more information please see http://www.dinkytown.net'> <STYLE> <!-- BODY, TABLE, TD, TH, UL, OL, DD, DL, P, BR { font-family: helvetica, arial, sans-serif; font-size: 10pt; } H1 { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } DT { font-family: helvetica, arial, sans-serif; font-size: 10pt; font-weight: bold; } P.footer { font-family: helvetica, arial, sans-serif; font-size: 9pt; } DIV.large { font-family: helvetica, arial, sans-serif; font-size: 13pt; font-weight: bold; } --> </STYLE> </HEAD> <BODY bgcolor='#FFFFFF' LINK='#003399' VLINK='#666666' BGCOLOR='#FFFFFF'> <CENTER><table border=0 bgcolor='#000000' width=468 cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFDD' border=0 width=468 cellspacing=1 cellpadding=5><tr><td width='100%' align=center valign=middle><DIV class=large>Debt Consolidation</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>RESULTS_MESSAGE.</H1>**GRAPH**<P>RESULTS_MESSAGE. SAVINGS_MESSAGE <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD><b><CENTER>&NBSP;</b></CENTER></TD><TD><b><CENTER>Current loans</b></CENTER></TD><TD><CENTER><B>Consolidated Loan</B></CENTER></TD></TR> <TR><TD><b>Balance</b> </TD><TD>CURRENT_LOANS_BALANCE</TD><TD>NEW_LOAN_AMOUNT</TD></TR> <TR><TD><b>Total interest</b> </TD><TD>CURRENT_LOANS_TOTAL_INTEREST </TD><TD>NEW_LOAN_TOTAL_INTEREST </TD></TR> <TR><TD><b>Tax savings</b> </TD><TD>$0</TD><TD>NEW_LOAN_TAX_SAVINGS </TD></TR> <TR><TD><b>Closing costs + lost interest<BR>(This amount is $0 if closing costs are included in the loan amount)</b> </TD><TD>$0</TD><TD>INTEREST_FROM_SAVINGS_ACCOUNT</TD></TR> <TR BGCOLOR='#DDDDDD'><TD><b>Total payments</b> </TD><TD>CURRENT_LOANS_TOTAL_PAYMENTS</TD><TD>NEW_LOAN_NET_PAYMENTS</TD></TR> </TABLE></TD></TR></TABLE> </CENTER> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=2><CENTER><B>New Consolidation Loan</B></CENTER></TD></TR> <TR><TD><b>Loan amount </b> </TD><TD>NEW_LOAN_AMOUNT </TD></TR> <TR><TD><b>Monthly payment </b> </TD><TD>NEW_LOAN_INITIAL_PAYMENT </TD></TR> <TR><TD><b>Interest rate </b> </TD><TD>INTEREST_RATE </TD></TR> <TR><TD><b>Term in months </b> </TD><TD>TERM_IN_MONTHS </TD></TR> <TR><TD><b>Total closing costs </b> </TD><TD>TOTAL_CLOSING_COSTS INCLUDE_CLOSING_COSTS_IN_LOAN</TD></TR> <TR><TD><b>Loan type </b> </TD><TD>LOAN_TYPE </TD></TR> </TABLE></TD></TR></TABLE></CENTER> <H1>Current Loans and Credit Cards</H1><P>The total of all current loan payments is CURRENT_LOANS_INITIAL_PAYMENT. This is based on the loans and payment information shown below. <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=4><CENTER><B>Current Loans</B></CENTER></TD></TR> <TR><TD><b>&NBSP;</b></TD><TD><B><CENTER>Amount Owed</CENTER></B></TD><TD><B><CENTER>Monthly Payment</CENTER></B></TD><TD><B><CENTER>Payments Left</CENTER></B></TD></TR> <TR><TD><b>Auto loan</b></TD><TD>AUTO_LOAN_AMOUNT_OWED </TD><TD>AUTO_LOAN_PAYMENT</TD><TD>AUTO_LOAN_MONTHS_LEFT</TD></TR> <TR><TD><b>Second Auto loan</b></TD><TD>AUTO_LOAN_2_AMOUNT_OWED </TD><TD>AUTO_LOAN_2_PAYMENT</TD><TD>AUTO_LOAN_2_MONTHS_LEFT</TD></TR> <TR><TD><b>Education loans</b></TD><TD>EDUCATION_LOANS_AMOUNT_OWED </TD><TD>EDUCATION_LOANS_PAYMENT</TD><TD>EDUCATION_LOANS_MONTHS_LEFT</TD></TR> <TR><TD><b>Boat/RV loans</b></TD><TD>BOAT_RV_LOANS_AMOUNT_OWED </TD><TD>BOAT_RV_LOANS_PAYMENT</TD><TD>BOAT_RV_LOANS_MONTHS_LEFT</TD></TR> <TR><TD><b>Other loans</b></TD><TD>OTHER_LOANS_AMOUNT_OWED</TD><TD>OTHER_LOANS_PAYMENT</TD><TD>OTHER_LOANS_MONTHS_LEFT</TD></TR></TABLE></TD></TR></TABLE></CENTER> <P><CENTER><table border=0 bgcolor='#000000' width=95% cellspacing=1 cellpadding=0><tr><td width='100%'><table bgcolor='#FFFFFF' border=0 width=100% cellspacing=1 cellpadding=5> <TR BGCOLOR='#CCCCCC'><TD COLSPAN=4><CENTER><B>Credit Card Summary</B></CENTER></TD></TR> <TR><TD><b>&NBSP;</b></TD><TD><B><CENTER>Amount Owed</CENTER></B></TD><TD><B><CENTER>Monthly Payment</CENTER></B></TD><TD><B><CENTER>Interest Rate</CENTER></B></TD></TR> <TR><TD><b>Credit card 1</b></TD><TD>CREDIT_CARD_1_AMOUNT</TD><TD>CREDIT_CARD_1_PAYMENT</TD><TD>CREDIT_CARD_1_RATE</TD></TR> <TR><TD><b>Credit card 2</b></TD><TD>CREDIT_CARD_2_AMOUNT</TD><TD>CREDIT_CARD_2_PAYMENT</TD><TD>CREDIT_CARD_2_RATE</TD></TR> <TR><TD><b>Credit card 3</b></TD><TD>CREDIT_CARD_3_AMOUNT</TD><TD>CREDIT_CARD_3_PAYMENT</TD><TD>CREDIT_CARD_3_RATE</TD></TR> <TR><TD><b>Other account</b></TD><TD>OTHER_ACCOUNT_AMOUNT </TD><TD>OTHER_ACCOUNT_PAYMENT</TD><TD>OTHER_ACCOUNT_RATE</TD></TR> </TABLE></TD></TR></TABLE> </CENTER> <P><DIV class=large>New Loan Payment Schedule</DIV> <HR SIZE=1> **REPEATING GROUP** <BR> <HR SIZE=1> <CENTER><P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER><br><br> </BODY> </HTML> "> <H1><CENTER>This Financial Calculator requires SUN's Java"! Plug-in. If you see this message you will need to download SUN's Java"! Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing  Install ActiveX Control . </CENTER></H1> <OL> You can also get SUN's Java"! Plug-in here: <A href="http://www.java.com/en/download/download_the_latest.jsp" target=_blank><b>Get the Java"! Plug-in!</b></A> <P>For more information about this Plug-in please visit: <A href="http://www.dinkytown.net/money/sunjvm.html" target=_blank><b>SUN's Java"! Plug-in</b></A> <BR>For more information these financial calculators please visit: <A href="http://www.dinkytown.net" target=_blank><b>Financial Calculators from KJE Computer Solutions, LLC</b></A> </OL><!--[if IE]></OBJECT><![endif]--><![if !IE]></APPLET><![endif]> </CENTER><CENTER><SCRIPT>document.write(showbuttons())</SCRIPT> </CENTER> <H1>Definitions</H1><P><TABLE align='center' WIDTH="95%"><TR><TD><DL><!--DEFN_START--> <DT><B>Loan amount owed</B><DD>Loan amount owed is the total remaining balance on a loan. If you are uncertain of your exact balance, enter an estimate that is as close as possible.<P> <DT><B>Loan payment</B><DD>The payment amount is your current monthly payment.<P> <DT><B>Loan months left</B><DD>The number of months you have left to make payments on a loan.<P> <DT><B>Credit card balance</B><DD>The outstanding balance on your credit card. You do not need to include finance charges; they will be calculated based on your interest rate.<P> <DT><B>Credit card rate</B><DD>Annual interest rate you pay on outstanding credit card balances. This calculator assumes simple interest is charged every month at 1/12th of your annual rate.<P> <DT><B>Credit card payment</B><DD>Credit card payments are based on your outstanding balance and annual interest rate. For this loan comparison, the monthly payment is the amount required to pay off your credit card in the same number of months as your consolidation loan. Your actual credit card payment may be lower, but will often require many more payments.<P> <DT><B>Interest rate</B><DD>Annual interest rate for your new consolidation loan.<P> <DT><B>Term in months</B><DD>Number of months for your new consolidation loan.<P> <DT><B>Up front costs</B><DD>Any fees you are required to pay up front to receive this loan. This could include appraisal fees, loan origination fees, etc.<P> <DT><B>Points</B><DD>Number of points paid for this loan. Points are usually only paid for home equity loans.<P> <DT><B>Rate earned on savings</B><DD>This is the rate you would have received if you had put your closing costs into savings. Enter your short term savings rate. For most people this is currently 2% to 5% annually. Savings accounts at a bank or credit union pay as little as 2% or less.<P> <DT><B>Income tax rate</B><DD>This is your combined federal and state income tax rates. It is used to determine income tax savings when you use a home equity loan to consolidate your debt.<P> <DT><B>Loan type</B><DD>The two most common loan types, home equity and personal, differ in fees, rates and tax deductibility of interest. Home equity loans often have higher fees, but usually have lower rates and a tax deduction for interest paid. Personal loans do not have a tax deduction for interest paid, and have a higher interest rate but often have lower fees. These are important considerations when choosing a loan.<P> <DT><B>Include closing costs in loan</B><DD>If you include your closing costs in your loan, your loan balance, monthly payment and total interest paid will increase. You will, however, be required to pay less money up front. Including your closing costs in your loan may be a good option if you do not have funds available, or you can achieve a relatively high rate of return on your savings. <!--DEFN_END--></DL></TD></TR></TABLE> <BR> <HR SIZE=1> <CENTER> <P class=footer> Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. </P></CENTER> <BR> </BODY> </HTML>