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