Debt Equity Calculator

Debt Equity Calculator w/Amortization Schedule

Should you pay down debt first or build equity? What provides the highest return on investment?

For example, paying down credit card debt at 18% gives you a guaranteed 18% return on your investment. What's more, your earnings will be tax-free! Try this simple calculator to see how much your money "earns" when you increase the payments on your debts.

Enter the principal balance owed:

Enter the annual interest rate:

Enter the current monthly payment amount:

Enter a monthly amount to add to the current payment:

Current Payoff Term (Months):

Revised Payoff Term (Months):

Time Saved (Months):

Current Interest Cost:

Revised Interest Cost:

Total interest savings (Return on investment):

Guaranteed Annual Rate of Return:

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