I need a debt settlement calculator embedded in my website. I would like to have the total debt amount entered and have the calculator show approximate payments based on term length (i.e. 12 months, 24 months, [url removed, login to view] 6 month increments to 60 months) and include a $65 service fee in the calculation (not separated out). The calculation will be the total debt amount (example: $50,000) x .55 ($27,500) / # of months (ex: 24) = $1145.83 + $65 = $1210.83
If possible, I would also like it to show a comparison to existing credit card payments by showing amount of credit card debt, interest rate, minimum payments and how long it would take to pay it off at the minimum payment rate.