From Moose-Tech Software:
Debt Reduction Calculator is an application which is used for determining the optimized payment strategy for financing purchases or reducing credit card and other debt. Debt Reduction Calculator provides a quick and easy means for viewing different payment scenarios.
When multiple debt payments are involved, with different interest rates and minimums, a few minor changes may make a dramatic effect. Debt Reduction Calculator can determine the optimized payment strategy, which will reduce debt quicker and save money on interest. The wrong strategy could be expensive. With Debt Reduction Calculator, you can see the difference.
Thinking of making extra principal payments for a car loan or home mortgage ? With Debt Reduction Calculator, you can easily see the effect those extra payments can make, and that could save you thousands of dollars. In the market for a car or home ? You can run many different interest rate and payment scenarios before making your purchase, so that you can optimize the loan for your situation. Wondering what size loan you can afford ? Use research mode to find the loan size which fits your budget. Just enter the monthly payment you can afford, the loan length, and the interest rate. Debt Reduction Calculator will determine the maximum loan size.
With Debt Reduction Calculator, you can reduce debt quicker, pay less interest, and keep more of your money.