Debt Payoff Calculator

Is this debt payoff calculator just what the doctor ordered? Pay off those pesky bills quickly, get out of debt, and get your blood pressure down. This debt payoff calculator will show you how. ~Lois

Accelerated Debt Payoff Calculator
This debt payoff calculator will show you how much time and money you could save by paying off your debts using the "rollover" method. Using the rollover method, as each smaller debt is paid off, the freed-up payment amount is then applied to the next larger debt, and so on until all debts are paid off. As you are about to see, the rollover method can save you a ton of money in interest charges, and get you debt free in a very short period of time.

Instructions: Ordered from smallest balance to highest balance, enter the name, current balance, interest rate and minimum payment amount for all of your debts (up to a maximum of 10 debts). Next, enter a monthly dollar amount you could add to your accelerated debt payoff plan. Then, click the "Calculate Results" button.

Note: If you include your mortgage in your Accelerated Debt Payoff Plan, be sure to enter only the principal & interest portion of your monthly mortgage payment (don't include monthly tax and insurance portion).

Entry Columns Calculated Columns
# Creditor Principal
Balance ($) 		Interest
Rate (%) 		Payment
Amount ($) 		Interest
Cost 		# of Pmts
Left
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Enter a monthly dollar amount you can add to your debt payoff plan:
Results Principal
Balance 		Interest
Rate 		Payment
Amount 		Interest
Cost 		# of Pmts
Left
Current totals: N/A
ADP totals: N/A
Time and interest savings from Accelerated Debt Payoff Plan: