Debt Consolidation

Bookmark this page

Save this tool onto your computer (Right Click and choose Save Target As...)

Step 1 - Calculate total outstanding debt

		Amount outstanding	Interest rate	Term (years)		Interest to be Paid

Outstanding credit card 1	R		%		R
Outstanding credit card 2	R		%		R
Outstanding retail account 1	R		%		R
Outstanding retail account 2	R		%		R
Outstanding vehicle finance 1	R		%		R
Outstanding vehicle finance 2	R		%		R
Other 1	R		%		R
Other 2	R		%		R

Total Cost of Debt (Interest)	R
Total amount of debt (Capital)	R
Avg Cost of Debt per Month (Interest)	R
Avg Cost of Debt per Year (Interest)	R
Combined Monthly Instalments (Capital + Interest)	R

Step 2 - Calculate cost of debt consolidation via home loan

New Bond Amount		R
Total Estimated cost to register this bond	R
Term of loan in years
Interest Rate			%
Minimum Monthly payment	R
Extra monthly payment to reduce interest	R
Total Interest Paid	R

Step 3 - Results

Total once off cost to consolidate(bond reg. costs)	R
You will have saved this amount in interest	R
You will have paid this amount in extra interest		R

To the top

Important facts about planning your home loan/property purchase

By visiting this reference page, you're on your way to protecting yourself, and making the home-buying process easier by becoming an informed consumer.
Read more...

What is capital gains tax

All that you need to know about Capital Gains tax. Make sure you read this section before buying investment property!
Read more...

Bondadvisor cannot be held responsible for these estimations in any manner whatsoever.

Sitemap | Privacy Policy | Disclaimer

Web Development by Lima Bean