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. Learn more about paying your debt off faster and debt management and get a free counseling session with an experienced and certified debt counselor by filling out the form to the right.


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 ($)
Rate (%)
Amount ($)
# of Pmts