Consolidation Calculator

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Consolidation Calculator
This calculator will help you to decide whether or not you should consolidate your current finances at a lower interest rate. Not only will this calculator calculate the monthly payment and net interest savings, but it will also calculate how many months it will take to break even on the arrangement costs costs.
Enter the principal balance of your finances: (Include your mortgage and all other loans credit cards etc)
Enter the amount of your monthly finance payments: (Again include all loans credit cards etc)
Enter the your mortgage's current interest rate:
Enter interest rate you will be consolidating at:
Enter the number of years you will be consolidating for:
Enter the arangement costs that will be required for consolidating:

This is how much your monthly payment will be if you consolidate:
Monthly Savings:
Number of months to break even on arangement costs:
This is how much interest you will pay under your current monthly payment plan:
This is how much interest you will pay under your refinanced monthly payment plan:
This is how much interest you will save if you consolidatee:
Net Refinancing Savings (interest savings less arangement costs):

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