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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