Debt consolidation calculator

Como usar a Debt consolidation calculator

O que calcula e quando usar

Compares keeping your Corrente debts with replacing them by one consolidation loan, including qualquer arrangement fee, Mensal payment e total Juros.

Como usar, passo a passo

1. List the debts with their balances, rates e payments.
2. Enter the new loan’s Taxa, Prazo e fee.
3. Compare the Mensal payment, Prazo e total Juros.

O que significa cada campo

• New loan Taxa e Prazo – The offered Juros Taxa e Anos.
• Arrangement fee – A Porcentagem added a the loan.

Como ler os resultados

• Savings ou extra Custo – Juros on Corrente debts minus Juros on the new loan.
• Pagamento mensal – The new payment compared with your Corrente payments.

A fórmula

New loan = total balances × (1 + fee). Payment = loan × r ÷ (1 − (1 + r)^−n). Juros on the Corrente debts comes de paying Cada A its own Mínimo até cleared.

Um exemplo prático

A 4,500 card A 22.9% e 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 de 265.80 instead. Total interest drops from 3,931 a 2,259, a saving de about 1,673.

Premissas e limites

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

Erros comuns

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

Perguntas frequentes

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