Debt consolidation calculator

Cara menggunakan Debt consolidation calculator

Apa yang dihitung dan kapan digunakan

Compares keeping your Arus debts with replacing them by one consolidation loan, including any arrangement fee, Bulanan payment, dan total Bunga.

Cara menggunakan, langkah demi langkah

1. List the debts with their balances, rates, dan payments.
2. Enter the new loan’s Suku bunga, Jangka waktu, dan fee.
3. Compare the Bulanan payment, Jangka waktu, dan total Bunga.

Arti setiap input

• New loan Suku bunga dan Jangka waktu – The offered Bunga Suku bunga dan tahun.
• Arrangement fee – A Persentase added sampai the loan.

Cara membaca hasil

• Savings atau extra Biaya – Bunga on Arus debts minus Bunga on the new loan.
• Pembayaran bulanan – The new payment compared with your Arus payments.

Rumus

New loan = total balances × (1 + fee). Payment = loan × r ÷ (1 − (1 + r)^−n). Bunga on the Arus debts comes Dari paying Per buah Pada its own minimum Sampai cleared.

Contoh perhitungan

A 4,500 card Pada 22.9% dan a 6,000 loan at 12.9% (payments 325 a month) consolidated into a 4-year 9.9% loan with no fee have a payment 265.80 instead. Total interest drops from 3,931 sampai 2,259, a saving about 1,673.

Asumsi dan batasan

• The new loan adalah fixed-rate dan no new debt adalah run up.
• Early repayment charges on old debts are not modelled.

Kesalahan umum

• Choosing the lowest payment rather than the lowest total Biaya.
• Running up the cleared cards again.

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