Calculate Your Debt Rollover Payoff Plan ...

And how much time and interest you will save if you stick to the plan.

Enter Debts
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Enter Debts:

To add a debt, enter the name, balance, interest rate, and payment amount. When you're satisfied with the entries, tap the + button (may also appear as "Add" or "Add Debt" depending on the width of your device).

To edit a debt in the list, tap the radio button in the Edit column. This will load the debt into the form for editing. When you're satisfied with the changes you've made, tap the S button (may also appear as "Save" or "Save Changes" depending on the width of your device).

To delete a debt from the list, tap the radio button in the Edit column. This will load the debt into the form for deleting. Tap the button (may also appear as "Delete" depending on the width of your device).

To clear the form to create a new debt entry, tap the C button (may also appear as "Clr" or "Clear" depending on the width of your device).

Important! The entered debts are saved in your device's random memory (temporary storage), which means that if you surf to another calculator or close this browser window you will need to re-enter your debts.

Creditor:Creditor name:Creditor name:Creditor name:
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Creditor name:

Enter the name of the creditor as you want it to appear on the printed reports.

Payoff amt:Payoff amount:Principal balance:Principal balance (payoff amount):
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Principal balance:

Enter the principal balance of the debt, without any dollar sign or commas. Note that this is not equal to the number of payments left times the payment amount -- because that would include interest charges you don't yet owe. What you want to enter here is how much cash it would take to pay off the debt today (call your creditor if you're not sure).

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Rate:Interest rate:Annual interest rate:Annual interest rate:
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Annual interest rate:

Enter the annual interest rate of the debt. Enter as a percentage without the percent sign (for .06 or 6%, enter 6). If this debt has more than one interest rate (1 for purchases and 1 for cash advances), enter the higher of the two. It's always best to use worse-case scenarios.

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Pmt/month:Monthly pmt:Monthly P&I payment:Monthly principal and interest payment:
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Monthly principal and interest payment:

Enter the monthly payment for the debt, without the dollar sign or commas. If you are including your mortgage in the rapid debt reduction plan, be sure to only enter the principal and interest portion of your mortgage payment (leave out the portion for taxes and insurance).

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Interest:Interest cost:Interest cost:Interest cost:
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Interest cost:

Based on your principal, interest rate and payment amount entries, this is how much interest you will pay on this debt between now and when you make the final payment. If the field displays an ERROR, it means that at the terms you entered the debt will never be paid off. Therefore, in order to enter the debt you will need to increase the payment amount until the error goes away.

Pmts left:Payments left:Number of payments left:Number of payments remaining:
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Number of payments remaining:

Based on your principal, interest rate and payment amount entries, this column calculates the number of monthly payments remaining on the debt. If the field displays an ERROR, it means that at the terms you entered the debt will never be paid off. Therefore, in order to enter the debt you will need to increase the payment amount until the error goes away.

CClrClearClear+AddAdd DebtAdd DebtSSaveSaveSave ChangesDeleteDelete
Extra amt:Extra amount:Monthly accelerator amount:Additional monthly accelerator amount:
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Additional monthly accelerator amount:

Optional: Enter an amount you feel you could add to your rapid debt reduction plan on a monthly basis.

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Calculate Plan and SaveCalculate Plan and SavingsCalculate Debt Reduction Plan and SavingsCalculate Debt Reduction Plan and Savings
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Extra amount:

This column simply displays the extra amount you entered in the upper portion of the calculator. This extra amount will only appear in the RDR (Rapid Debt Reduction) row.


Extra
Amt
Extra
Amt
Extra
Amount
Extra
Amount
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Total of all monthly payments:

This column displays the total of all of your current monthly debt payments as well as the total RDR monthly debt payments -- with the latter including the extra amount you will be adding each month.


Tot
Pmts
Tot
Pmts
Total
Payments
Total
Payments
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Interest cost:

This column displays the total interest cost between now and when your final debt is paid off, for both your current payment plan and your new Rapid Debt Reduction Plan. The last row in the column lists the interest charges you will save if you switch to the RDR plan.


Int
Cost
Int
Cost
Interest
Cost
Interest
Cost
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Number of payments left:

This column displays the number of payment remaining until your debts are paid off, for both the current payment plan and your new RDR plan. The last row in the column lists the number of months sooner you will be debt-free if you switch to the RDR plan.


Pmts
Left
Pmts
Left
Payments
Left
Payments
Left
CrntCrntCurrentCurrent totals:
RDRRDRRDRRDR totals:
Time and interest savings:
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