Rollover Debt or Accelerated Debt Payoff Calculator

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Rollover Debt or Accelerated Debt Payoff Calculator

How much to save by getting debt-free faster
You can calculate and find out how much time and interest you will save by paying off your debts using the "Rollover" or "Accelerated Debt Payoff (ADP) " method. As you pay off each small debt, the amount freed-up is utilized to pay down the next larger debt and so on. Instructions: In order from the smallest to the highest balance, enter the name, current balance, interest rate and minimum payment amount for your debts (up to a maximum of 10 debts). Next, input the monthly dollar amount you can add to your accelerated debt payoff plan. Then, click on the "Calculate Results" button Note: If you include the mortgage into your debt Payoff Plan, be sure to put down only the values of the principal & interest portion of your monthly mortgage payment and not the monthly payments towards tax and insurance.
	Entry Columns				Calculated Columns
#	Creditor	Principal Balance ($)	Interest Rate (%)	Payment Amount ($)	Interest Cost	# of Pmts Left
1
2
3
4
5
6
7
8
9
10
Monthly Amount you can add to your debt payoff plan ($)

Amount Saved
			Principal Balance	Payment Amount	Interest Cost	# of Pmts Left
Current totals
ADP Totals
Time and Interest savings from Accelerated Debt Payoff Plan

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