DT Financial debt calculator, free to use!

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Our Technology:
We use the most advanced technology available to close loans quickly, at a low cost. By combining the use of the Internet along with advanced processing software and automated underwriting systems we have taken the mystery out of approving and closing a home loan.

Flexibility:
We offer many types of different loans to suit many needs for anyone.

Entry Columns

Calculated Columns

Payment Desc.

Balance

Interest

Payment

Int. Cost

# Pmts

Totals

Consolidation Loan Terms

Enter the Consolidating Loan's Annual Interest Rate (APR):

Enter the Consolidating Loan's term (number of years):

Enter total of any Consolidation Loan Fees:

Results

Without
Consolidating

With
Consolidating

Difference

Total of Monthly Payment(s):

Months until debts are paid off:

Total Cost (Interest Charges and Loan Fees):

Summary

When the typical debt-consolidation company advertises that they can "save you money," what they are most often referring to is simply a reduction in your total monthly debt payments -- not a savings in the cost of paying off your debt (interest charges). Sure, by consolidating your payments into a single loan, you might be paying one monthly payment that is smaller than the sum of your current monthly payments, but if they stretch your loan out for a longer period of time you could actually end up paying more interest by consolidating. This calculator will help you to determine whether or not consolidating will actually reduce the cost of retiring your debts.

Instructions: Starting with the first line of entry fields, enter each one of your debts, along with their corresponding principal balances, interest rates and monthly payment amounts (the last two columns will be filled in by the calculator). Once you have entered all of the debts you wish to consolidate, click on the "Compute Current Debt Cost" button. Next, enter the consolidating loan's interest rate, term and any origination fees that might apply and click the "Compute Consolidation Loan Costs" button.

IMPORTANT: In order for the this calculator to work, each debt must have the four left-hand fields filled in (for interest-free debts enter .001 just to satisfy the required interest-rate entry). Also, be sure to enter only numbers and decimal points in the numeric entry fields. Dollar signs, percent signs, commas and spaces will cause a JavaScript error.

Toll Free:
1-888-406-7900

Telephone:
1-407-678-7900
Monday to Friday 9:00am to 5:00pm (EST)

Saturdays, Sundays and federal holidays please leave a message. A customer representative will contact you within 24 hours of the first business day.

FAX:
1-407-679-7623

DT Financial Mortgage Corp.
4063 N. Goldenrod Rd., Suite #2
Winter Park, FL 32792-8905