Calculate true cost of debt with What’s the cost!

Here’s an excellent resource for various calculators of interest, debt, payments and more. It’s called What’s The Cost?

What’s The Cost has financial calculators for:

• Determining the true cost of a loan (monthly cost, and total + interest)
• Determining the true cost of a mortgage (monthly cost, and total + interest)
• Find out the effect of a rate change (increase or decrease)
• Determining how much you’ll have in savings with a given plan (monthly contribution, yearly increase, interest rate, length of time, etc..)
• Determining how long it will take to pay off your credit card debt.
• How much you’ll make by Stoozing (making free money from 0% credit cards)
• How much your smoking habit costs you.
• How much your drinking habit costs you.
• Interest:
  • Effective annual interest rate – This is the interest rate taking compound interest into account.
  • Annual interest rate compounded monthly – This is the nominal interest rate, from which the effective rate is calculated when compounded monthly.
  • Annual interest rate compounded daily – This is the nominal interest rate, from which the effective rate is calculated when compounded daily.

There’s also a bunch of other info on getting out of debt, snowballing and some fun stuff too. Check them out.

• Why Now is the Time to Consolidate Your Student Loans (and Get an Interest Rate as Low as 3.6%)!
• 0% Apr Balance Transfer Credit Card For 12 Months From HSBC?
• How To Negotiate Credit Card Debt.
• Citibank Credit Card Holders Get a Rebate (and Why it's a Bad Deal)

• The Secret to Getting Out of Debt: Forget Snowballs and Interest Rates
• Flashback: Debt reduction math vs. psychology
• Tips for Banking Better
• How Everyone Can Make a Million Dollars by Age 65