Accelerated Debt Payoff Calculator
This calculator will show you how much time and money you could save by paying off your debts using the "rollover" method. Using the rollover method, as each smaller debt is paid off, the freed-up payment amount is then applied to the next larger debt, and so on until all debts are paid off. As you are about to see, the rollover method can save you a ton of money in interest charges, and get you debt free in a very short period of time.

Instructions: Ordered from smallest balance to highest balance, enter the name, current balance, interest rate and minimum payment amount for all of your debts (up to a maximum of 10 debts). Next, enter a monthly dollar amount you could add to your accelerated debt payoff plan. Then, click the "Calculate Results" button.

Note: If you include your mortgage in your Accelerated Debt Payoff Plan, be sure to enter only the principal & interest portion of your monthly mortgage payment (don't include monthly tax and insurance portion).

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:

THIS FINANCIAL CALCULATOR IS PROVIDED "AS IS" AND ON "AS AVAILABLE" BASIS WITHOUT  REPRESENTATIONS OR WARRANTIES OF ANY KIND EITHER EXPRESS OR IMPLIED, INCLUDING WITHOUT LIMITATION WARRANTIES OF SUITABILITY, MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

Newport Federal Bank assumes no duty to you by making this calcuator available and shall not be responsible for any errors, omissions or defects in this calculator or the consequences of any decisions or actions taken in reliance upon this calculator. Newport Federal Bank shall not be liable under any circumstances for lost profits, lost business, loss of business reputation, or any direct, indirect, incidental, special, punitive or consequential damages of any kind, whether foreseeable or not, the result in any way from, or relate in any way to, your use, non-use or reliance on this calculator. Your sole and exclusive remedy for any claim related to this calculator is to stop using it.