Advanced Debt Management Solutions

DEBT CALCULATOR

Consolidation savings based on current interest rate of 18% and minimum payment of 2.6% of the monthly balance, with our program average interest rate of 9% with monthly payment of 2.2% of the current balance.

Enter Total Debt $

Your Total Savings $

This calculator is a useful tool in helping you set a budget. After completing all the relevant entries, you will learn your personal Debt-to-Income Ratio. The FHA's standard guideline is 41%. This means your total debt should not exceed 41% of your income.

MONTHLY HOUSEHOLD EXPENSES

Mortgage / Rent	$
Condo Fee	$
Taxes	$
Car Expenses / Gas	$
Union Dues	$
Alimony	$
Transportation / Buses or Trains	$
Groceries	$
Day Care	$
Education	$
Clothing	$
Church Donations	$
Dry Cleaning	$
Gifts	$
Miscellaneous	$
Other	$
Sub Total	$

UTILITIES
Gas	$
Electric	$
Telephone	$
Water / Sewage	$
Cable / Satellite	$
Sub Total	$

INSURANCE
Life	$
Auto	$
Medical	$
Home	$
Sub Total	$

REVOLVING DEBTS
Credit Cards	$
Personal Loans	$
Installment Loans	$
Other Secured Debts	$
Sub Total	$

TOTAL EXPENSES

MONTHLY INCOME SOURCES

Net Monthly Salary	$
Net Spouse Monthly Salary	$
Part Time Monthly Income	$
Social Security	$
Retirement	$
Pension	$
Military	$

Annuity	$
Child Support	$
Alimony	$
Food Stamps	$
Disability	$
Other	$
Other	$

TOTAL INCOME

Debt to Income Ratio (AFDC)