Covid-19 Alert: Helpful Covid-19 information and business Tools

WHO WE ARE

Our firm provides outstanding service to our clients because of our dedication to the three underlying principles of professionalism, responsiveness and quality.

Read More

WHAT WE DO

Our firm is a leader in tax preparation and planning, business services, and consulting. Our expertise and experience provides each client with close personal and professional attention.

Read More

HOW WE DO IT

We will make filing your taxes and the administration of owning a business as simple and painless as possible. We will work with you however is most convenient for you - face to face, phone, e-mail, etc.

Read More
Please try our wide variety of interactive financial problem solvers. Simply enter your criteria and you'll get your questions answered with dynamic graphs and personalized reports.

Calculators > Credit

Americans today owe more money than ever before. The fact that 'interest never sleeps' means that the situation will continue to worsen unless steps are taken at the individual level to reduce or eliminate debt.
When you receive some extra money it may be difficult to determine whether you should invest the funds or use them to pay towards liabilities. Financial theory recommends that if your after-tax return on investments is greater than your after-tax cost of debt then you should invest.
You might realize significant monthly interest savings by transferring your higher rate credit card balances to a lower rate credit card.
Although credit scores are calculated differently by the various credit bureaus, you can get an estimate of what your score may be by using this calculator. The three main things that help you have a good credit score are first, having a long history of making all debt payments on time, second using the proper mix of credit, and third not maxing out on available credit.
By making consistent regular payments toward debt service you will eventually pay off your loan.
The loan amount, the interest rate, and the term of the loan can have a dramatic effect on the total amount you will eventually pay on a loan.
How much debt is too much?
If you know your current payment, the interest rate and the term remaining, you can calculate your outstanding loan balance.
With interest rates at historical lows, it may make sense to consolidate some of your credit card and other personal debt into a new consolidated loan, typically a home-equity loan. Consolidation loans can significantly reduce your required monthly payment because they are generally amortized over 10 or 15 years.
Over the last couple of years with interest rates at a 40-year low, many people refinanced their mortgages. Use this calculator to find out if refinancing makes sense for you.
Use this calculator to help determine whether you are better off receiving a lump sum payment and investing it yourself or receiving equal payments over time from a third party.
Over the course of a loan amortization you will spend hundreds, thousands, and maybe even hundreds of thousands in interest. By making a small additional monthly payment toward principal, you can greatly accelerate the term of the loan and, thereby, realize tremendous savings in interest payments.

Subscribe To Our Newsletter


Durham & Company LLC, CPA Firm, Kaysville and Park City UT

Kaysville: 275 North 300 West Suite #402, Kaysville, UT 84037 | Phone: 801-544-1151 | Fax: 866-283-5177 | bros@durhamdurham.com

Park City: 1800 Prospector Ave Suite A, Park City, UT 84060 | Phone: 435-655-8176 | Fax: 866-283-5177 | bros@durhamdurham.com