Accelerated Payoff Debt Snowball Calculator

Debt Snowball - Accelerated Payoff Calculator
Accelerate the payoff of your debts by using the "rollover" method. As soon as the first debt is paid off use the freed-up payment amount to pay down the next debt faster. Continue the process 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: Order your debts from highest interest rate to lowest interest rate to save the most money. The calculator pays them off in the order entered. Alternatively, you can create a debt snowball by ordering your debts from smallest balance to highest balance for the greatest emotional satisfaction - although it will cost you a little more. 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 at the bottom right of the calculator. 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 as that debt never gets paid off).
	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:

Accelerated Payoff – Debt Snowball Calculator