ÿþ<HTML> <HEAD> <TITLE>Accelerated Debt Payoff</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>Accelerated Debt Payoff</H1><P>Consolidating your debt is only half of the battle. You still need a plan to get your debt paid in full. This calculator can show you how to accelerate your debt payoff. The process is simple; just apply a portion of your consolidated loan's monthly payment savings to the consolidated loan's balance. You can save hundreds, even thousands in interest and shave years off of your loan!<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="DebtAccel" /><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="DebtAccel.class" align="baseline" WIDTH="565" HEIGHT="420" archive="dinkytown.jar"><![endif]> <PARAM name="CC_BALANCE_1" value="5000"> <PARAM name="CC_RATE_1" value="18.9"> <PARAM name="CC_PAYMENT_1" value="0"> <PARAM name="CC_BALANCE_2" value="0"> <PARAM name="CC_RATE_2" value="0"> <PARAM name="CC_PAYMENT_2" value="0"> <PARAM name="CC_BALANCE_3" value="0"> <PARAM name="CC_RATE_3" value="0"> <PARAM name="CC_PAYMENT_3" value="0"> <PARAM name="CC_BALANCE_4" value="0"> <PARAM name="CC_RATE_4" value="0"> <PARAM name="CC_PAYMENT_4" value="0"> <PARAM name="CC_BALANCE_5" value="0"> <PARAM name="CC_RATE_5" value="0"> <PARAM name="CC_PAYMENT_5" value="0"> <PARAM name="CC_BALANCE_6" value="0"> <PARAM name="CC_RATE_6" value="0"> <PARAM name="CC_PAYMENT_6" value="0"> <PARAM name="CC_BALANCE_7" value="0"> <PARAM name="CC_RATE_7" value="0"> <PARAM name="CC_PAYMENT_7" value="0"> <PARAM name="CC_BALANCE_8" value="0"> <PARAM name="CC_RATE_8" value="0"> <PARAM name="CC_PAYMENT_8" value="0"> <PARAM name="CC_BALANCE_9" value="0"> <PARAM name="CC_RATE_9" value="0"> <PARAM name="CC_PAYMENT_9" value="0"> <PARAM name="CC_BALANCE_10" value="0"> <PARAM name="CC_RATE_10" value="0"> <PARAM name="CC_PAYMENT_10" value="0"> <!-- <PARAM name="LN_NAME_1" value="My Auto Loan"> <PARAM name="LN_PAYMENT_1" value="360"> <PARAM name="LN_STARTING_BALANCE_1" value="10000"> <PARAM name="LN_TERM_1" value="36"> <PARAM name="LN_MONTHS_LEFT_1" value="12"> --> <PARAM name="BUTTON_NAME" value="Enter Data"> <PARAM name="ACCELERATE_BALANCE" value="0"> <PARAM name="NEW_LOAN_BALANCE" value="5000"> <PARAM name="NEW_LOAN_RATE" value="11.00"> <PARAM name="NEW_LOAN_PAYMENT" value="178.75"> <PARAM name="NEW_LOAN_TERM" value="120"> <!--CUSTOM PARAMETERS--> <PARAM name="TEXT_FOR_REPORT" value="<HTML> <HEAD> <TITLE>Accelerated Debt Payoff</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>Accelerated Debt Payoff</DIV></td></tr></table></TD></TR></TABLE></CENTER> <H1>MSG_TITLE</H1>**GRAPH**<P>With a new consolidated loan of NEW_LOAN_BALANCE your monthly payment would be NEW_LOAN_PAYMENT. If you accelerate your payments by ACCELERATE_BALANCE per month you could payoff your debt in ACCEL_PAYOFF. Your accelerated payment plan would amount to MSG_INTEREST_SAVINGS in interest paid on your debt.<P> <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>&NBSP;</TD><TD><CENTER><B>Current Debt</B></CENTER></TD><TD><CENTER><B>Consolidation Loan</B></CENTER></TD><TD><CENTER><B>Accelerated Loan</B></CENTER></TD></TR> <TR><TD><b>Loan amount </b> </TD><TD>OUTSTANDING_BALANCE </TD><TD>NEW_LOAN_BALANCE </TD><TD>NEW_LOAN_BALANCE </TD></TR> <TR><TD><b>Monthly payment </b> </TD><TD>MONTHLY_PAYMENT </TD><TD>NEW_LOAN_PAYMENT </TD><TD>ACC_LOAN_PAYMENT </TD></TR> <TR><TD><b>Interest rate </b> </TD><TD>AVERAGE_RATE </TD><TD>NEW_LOAN_RATE </TD><TD>NEW_LOAN_RATE </TD></TR> <TR><TD><b>Total interest </b> </TD><TD>INTEREST_CURRENT</TD><TD>INTEREST_NEW</TD><TD> INTEREST_ACCEL</TD></TR> <TR><TD><b>Interest difference </b> </TD><TD>$0</TD><TD>MSG_NEW_INTEREST_SAVINGS</TD><TD> MSG_INTEREST_SAVINGS</TD></TR> <TR><TD><b>Time to payoff </b> </TD><TD>CURRENT_PAYOFF </TD><TD>NEW_PAYOFF</TD><TD> <B>ACCEL_PAYOFF</B>!</TD></TR> </TABLE></TD></TR></TABLE></CENTER> <H1>Current Loans and Credit Cards</H1><P>The total of all current loan payments is MONTHLY_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 BGCOLOR='#CCCCCC'><TD><b>&NBSP; </b> </TD><TD><B>Amount Owed</B></TD><TD><B>Monthly Payment</B></TD><TD><B>Interest Rate</B></TD></TR> <TR><TD><b>Credit cards</b></TD><TD>CC_OUTSTANDING_BALANCE</TD><TD>CC_MONTHLY_PAYMENT</TD><TD>CC_AVERAGE_RATE</TD></TR> <TR><TD><b>Auto loans</b></TD><TD>AUTO_OUTSTANDING_BALANCE</TD><TD>AUTO_MONTHLY_PAYMENT</TD><TD>AUTO_AVERAGE_RATE</TD></TR> <TR><TD><b>Other loans</b></TD><TD>OTHER_OUTSTANDING_BALANCE</TD><TD>OTHER_MONTHLY_PAYMENT</TD><TD>OTHER_AVERAGE_RATE</TD></TR> <TR><TD><b>Totals</b></TD><TD><B>OUTSTANDING_BALANCE</B></TD><TD><B>MONTHLY_PAYMENT</B></TD><TD><B>AVERAGE_RATE</B></TD></TR> </TABLE></TD></TR></TABLE> </CENTER> <P><DIV class=large>Consolidated and Accelerated 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><A NAME="6">Additional cash desired after debt payoff</A></B><DD>If you wish to take additional money out with this consolidation loan, enter the amount here. This will be added to the total outstanding debt that you have already entered.<P> <DT><B><A NAME="7">New loan interest rate</A></B><DD>The Annual Percentage Rate (APR) that you will pay on your new consolidation loan.<P> <DT><B><A NAME="8">New loan term</A></B><DD>The term, in months, for your new consolidation loan.<P> <DT><B><A NAME="9">Amount to apply to accelerate payoff</A></B><DD>This is an additional amount you wish to pay each month, to more quickly payoff your debt. This amount is added to your normal consolidated loan payment.<P> <DT><B>Credit cards</B><DD>Enter your total credit card debt and its average interest rate, or press the "Enter Data" button to enter up to 10 credit card accounts, one on each line.<P> <DT><B>Auto loans</B><DD>Click on the "Enter Data" button to input any auto loans you may have into the details page. This details page is designed to let you input your current monthly payment, the term (in months), the starting balance and the number of months you have left. It then calculates your outstanding balance and interest rate. You can enter up to three installment loans.<P> <DT><B>Other loans</B><DD>Click on the "Enter Data" button to input any additional installment loans you may have into the details page. This details page is designed to let you input your current monthly payment, the term (in months), the starting balance and the number of months you have left. It then calculates your outstanding balance and interest rate. You can enter up to six installment loans.<P> <DT><B>Balances</B><DD>Your total current balances for your credit cards, auto loans and other loans.<P> <DT><B>Interest rates</B><DD>The average annual percentage rate you pay. This interest rate is calculated for each of the categories of debt you have including credit cards, auto loans and other installment loans. For credit cards the rate you enter is used to calculate the interest on all future credit card payments. The length of time to pay off this credit card may be much greater than calculated if you enter a low promotional interest rate that is only good for a short period of time.<P> <DT><B>Payment</B><DD>This is your initial monthly payment. For credit cards, if you checked the "use credit card minimum payments" box, your monthly payment is calculated as 4% of your current outstanding balance. With the "use credit card minimum payments" box checked, your monthly payment will decrease as your balance is paid down. This can greatly increase the length of time it takes to pay off your credit cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance is paid in full. <P>(We calculate your minimum monthly payment as 4% of your current outstanding balance. While your actual minimum monthly payment may be slightly different, this is one of the most common methods used by credit card companies to calculate minimum payments.)<P> <DT><B>Apply monthly payment savings amount</B><DD>This is an additional amount you wish to pay each month, to more quickly payoff your debt. This amount is added to your normal consolidated loan payment. <!--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>