Falls Church, VA (PressExposure) November 02, 2011 -- Bay-Biz.com, a Virginia based outsourced bookkeeping company, has introduced an online calculator that can calculate the cost of re-financing. For businesses that are considering to refinance their loan, but are not sure whether the interest saved will exceed the refinancing cost, the calculator can do the trick.
Telling about the calculator, Mr David Bradsher, CPA, and the President of Bay-Biz stated, "Our finance experts have collaborated with software developers to get this gem of refinancing calculator. You just populate the required fields and press the compute button to get exactly what you wanted. The calculator can sort out the refinancing problem in seconds."
Refinancing comes with its costs. When businesses refinance at a lower interest rate, the costs include processing charge and closing costs. The refinancing calculator can figure out whether the exercise is viable or not. The calculator can produce the results with features such as Graphs, Current Payment Schedule and Refinance Payment Schedule making it easily comprehensible. Using the calculator, one can conclude decisively about the option.
Online calculators come quite handy for resolving financial puzzles that people often find hard to crack. Using these, one can easily find the answer of several financial questions such as loan eligibility, refinancing, installments etc. They provide an easy solution to the people who have little knowledge about financial matters.