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Calculators

Skip Navigation LinksDebt Consolidation

Debt Consolidation Calculator

Refinancing your debts under one manageable monthly payment can be the answer to your financial goals. This tool shows you what your payment might be and how much you might save. The next step is to contact a FRMC mortgage advisor and complete a personal financial analysis.

Debt Type Current Balance Monthly Payment
$ $
$ $
$ $
$ $
$ $
$ $
$ $
Totals $ $
Loan Term = The number of months you will have to pay your loan off. Please Enter A Loan Term (Months)   
This box represents your monthly payment for a debt consolidation loan New Loan Monthly Payment $
* Calculation based on a 25 year simple interest rate loan, 13.95% interest rate. APR = 15.67%, your loan may vary Monthly Savings $
If you would like to add additional money to your payments to shorten your payoff time and save money, please enter that amount in the box to the right. Additional Payments $
This box represents the amount of money you will save by making consistent additional payments of the amount you entered in the "additional payment" box. Additional Payment Savings $
This box represents that amount of time in months that it will take you to pay off your loan by making consistent additional payments of the amount you entered in the "additional payment" box. Revised Term (Months)   



 
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