debt-reduction-calculator
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Debt Reduction Calculator
Strategies
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https://www.vertex42.com/Calculators/debt-reduction-calculator.html
© 2007-2017 Vertex42 LLC
Snowball (Lowest Balance First)
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Avalanche (Highest Interest First)
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Balance Date:6/16/2017
Order Entered In Table
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No Snowball
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Creditor Information Table
Custom - Highest First
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RowCreditorBalanceRatePaymentCustomInterest-only
Custom - Lowest First
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1Card #1 400.00 19.00% 50.00 2 6.34
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2Loan 3,200.00 9.81% 30.00 1 26.16
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3Auto Loan #2 5,000.00 12.00% 55.00 3 50.00
Instructions
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4Card #2 9,000.00 13.50% 110.00 5 101.25
See the Help worksheet
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5Student Loan #1 4,900.00 4.00% 25.00 4 16.34
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To list more creditors, you can get the
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extended version available on the Debt
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Reduction Calculator web page.
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Totals: 22,500.00 270.00
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Monthly Payment 500.00#NAME?
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Initial Snowball #NAME?#NAME?
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Strategy:Snowball (Lowest Balance First)
← Choose a strategy
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Creditors in Chosen OrderOriginal BalanceInterest PaidMonths to Pay OffMonth Paid Off
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Card #1 400.00 #NAME?#NAME?#NAME?#NAME?
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Loan 3,200.00 #NAME?#NAME?#NAME?#NAME?
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Student Loan #1 4,900.00 #NAME?#NAME?#NAME?#NAME?
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Auto Loan #2 5,000.00 #NAME?#NAME?#NAME?#NAME?
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Card #2 9,000.00 #NAME?#NAME?#NAME?#NAME?
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Total Interest Paid:
#NAME?
(Lower is Better)
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Results are only estimates
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