Accelerated Debt Payoff

If you have multiple debts, this calculator will show you how fast you can pay them off by continuing to make the same monthly payment even as you payoff your smaller debts. The key is to keep making the same payment even when you don't need to, rather than spending the extra money that becomes available when you pay off a smaller debt. You should also consider consolidating your debts into one lower interest loan. See our Debt Consolidation Calculator to find out how much you could save.

Accelerated Debt Payoff Calculator

See how much faster you can pay off your debts using a "rollover method" with our free Accelerated Debt Payoff Calculator. This method requires you to apply the same total payment amount even as you pay off your smaller debts, rolling those payments into your other debts to pay them off quicker and save you money and time!

Enter your balances and information below from the smallest debt to the largest debt. Then enter an additional payment amount you can add each month to your accelerated debt payoff plan.
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:

What You Should Know