Accelerated Debt Payoff Calculator

To enter a debt, complete the fields in the left-hand column and click the "Add" button. Don't forget to add a sort order number. This is a required numeric field (example 1, 2, 3) that will allow you to sort your debts by something other than balance, interest rate, payment amount, total payments, or interest paid. For example, you may prefer to sort your debts by how much you personally dislike having to pay on each.

To edit a debt, click on the desired debt in the list, make changes to the fields in the upper left-hand column, and click the "Edit" button.

To delete a debt from the list, click on the desired debt in the list and click the "Delete" button.

To set the order of payoff, click the ascending (asc) or descending (desc) radio button in the column of your choice. Then click on "Calculate ADP", and then click on "Report" to view a debt payoff schedule.

Enter / Change / Delete Debts Current Debt Summary ADP Plan Summary
Debt Name # of Debts Start Date
Balance Total Debt Extra Monthly
Interest Rate   Extra One-Time
Monthly Payment Total Monthly Months Saved
Sort Order   Interest Saved
Pmts Left Total Months
Interest Left Total Interest Total Interest
 
Name Balance
Asc Desc
Rate
Asc Desc
Payment
Asc Desc
Sort Order
Asc Desc
Payments
Asc Desc
Interest
Asc Desc

 

Be sure to print off your results and the ADP Plan Report.

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