Investment

Consolidation Loan Investment

Getting a consolidation loan can do more than payoff your debt. You can create a sizeable nest egg by investing all or a portion of your monthly payment savings. After a few years the results may surprise you! Use this calculator to see the results of paying off your debt and investing your payment savings. This calculator can help those in Calgary, Edmonton, and throughout Canada!
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Calculate  View ReportGlossary of Terms

Glossary of Terms

Credit cards:
Enter one total credit card debt and its average interest rate, or press the “Details” button to enter
up to 10 credit card accounts, one on each line.

Auto loans:
Click on the “Details” button to enter any auto loans you may have. The details page is designed to
let you enter your current monthly payment, the term (in months), the starting balance and the number
of months you have left. It then calculates your outstanding balance and interest rate. You can enter
up to three installment loans.

Other loans:
Click on the “Details” button to enter any additional installment loans you may have in the details
page. This page is designed to let you enter your current monthly payment, the term (in months), the
starting balance and the number of months you have left. It then calculates your outstanding balance
and interest rate. You can enter up to six installment loans.

Balances:
Your total current balances for your credit cards, auto loans and other loans.

Interest rates:
The average annual percentage rate you pay. This interest rate is calculated for each of the categories
of debt you have including credit cards, auto loans and other installment loans. For credit cards, the
rate you enter is used to calculate the interest on all future credit card payments. The length of time
to pay off this credit card may be much greater than calculated if you enter a low promotional interest
rate that is only good for a short period of time.

Payment:
This is your initial monthly payment. For credit cards, if you checked the “use credit card minimum
payments” box on the details page, your monthly payment is calculated as 2% of your current outstanding
balance. With the “use credit card minimum payments” box checked, your monthly payment will decrease as
your balance is paid down. This can greatly increase the length of time it takes to pay off your credit
cards. Uncheck this box to enter your own monthly payment that will remain the same until your balance
is paid in full.

(We calculate your minimum monthly payment as 2% of your current outstanding balance. While your actual
minimum monthly payment may be slightly different, this is one of the most common methods used by credit
card companies to calculate minimum payments.)

Loan balance:
This is the total loan amount you are planning on receiving. This amount must be at least equal to your
total outstanding debt plus any fees. If you choose to receive a larger loan amount than your outstanding
debt, plus any fees, the additional amount is added to the starting balance of your investment.

Loan term:
The length of time you will repay this loan. The investment timeframe for this calculator also uses the
loan term. This can be from one to 30 years.

Loan interest rate:
The annual interest rate you are charged for this loan. The the checkbox indicating that this is a
Mortgage is checked, payments will be monthly and interest will be compounded semi-annually. Otherwise,
this calculator assumes that your payments are made monthly and that interest is compounded monthly.

Percent to invest:
This is the percentage of your monthly payment savings you wish to invest. Any remaining payment
savings is used to repay your loan. For example, if you have a monthly payment savings of $100 and
choose to invest 75%, $75 would be invested and $25 would be an additional amount applied to your
loan balance.

Rate of return:
The annual percentage rate you expect to earn on your investment savings. The actual rate of return is
largely dependent on the type of investments you select. For example, for the last thirty years the
average annual rate of return for the TSX is about 10%. Savings accounts at a bank or credit union may
pay as little as 2% or less. It is important to remember that future rates of return can’t be predicted
with certainty and that investments that pay higher rates of return are subject to higher risk and
volatility. The actual rate of return on investments can vary widely over time, especially for long-term
investments. This includes the potential loss of principal on your investment. This calculator compounds
all growth annually. For the purposes of this calculator, taxation is not factored into the results. If
you pay taxes on the interest, dividends or capital gains from these investments you may wish to enter
your after tax rate of return.


Investment Goal Calculator

What will it take to reach your investment goal? Use this investment goal calculator to determine how much your investment might grow before taxes, after taxes and after taxes and inflation. It will also provide suggestions on what to change if your plan doesn’t look like it will meet your investment goal. This calculator can help those in Calgary, Edmonton, and throughout Canada!
This Financial Calculator requires a Browser with Java(TM) applet Support. If you are seeing this message you will need to download SUN’s Java(TM) Plug-in. This can be done simply, and automatically, by clicking the link below:Get the Java(TM) Plug-in!

Calculate  View ReportGlossary of Terms

Glossary of Terms

Investment goal
Your goal for the total value of your investment or investments.

Number of years to accumulate
The number of years you have to save.

Amount of initial investment
Total you amount you will initially invest or have currently have invested toward your
investment goal.

Periodic contribution
The amount you will contribute each period to your investment. You are also able to select
whether you wish to have your contribution happen at the beginning or the end of the period.

Investment frequency
The frequency you will make regular contributions to this investment.

Rate of return on investment
This is the rate of return you expect from your investments. You are also able to select the
frequency that earnings are compounded in your investment account. The actual rate of return is
largely dependent on the type of investments you select. For example, for the last thirty years
the average annual rate of return for the TSX is about 10%. Savings accounts at a bank or credit
union may pay as little as 2% or less. It is important to remember that future rates of return can’t
be predicted with certainty and that investments that pay higher rates of return are subject to
higher risk and volatility. The actual rate of return on investments can vary widely over time,
especially for long-term investments. This includes the potential loss of principal on your investment.

Expected Inflation Rate
What you expect for the average long-term inflation rate.

Marginal tax rate
Your marginal tax rate.

Dominion Lending Centres Westcor 114 1212 1st ST. SE, Calgary, Alberta. Phone: 403-228-7800. .