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List of Web’s Best Payoff Debt Calculators

Payoff Debt Calculators Help You Pay Off Debt More Efficiently

By , About.com Guide

These payoff debt calculators can help you determine not only how much you need to pay to get things paid off in a specific amount of time, but which order to pay them in.

1. Simple Payoff Credit Card Debt Calculator

This is a very simple payoff debt calculator that has you put in your balance, interest rate, and desired time frame to pay down your debt and tells you how many months it will take.

2. Detailed “Should You Consolidate Your Debt” Payoff Debt Calculator

This payoff debt calculator helps you determine if it makes sense to use a home equity loan to consolidate and payoff other debts. It even asks for your marginal tax rate to factor in any potential tax savings from deducting the interest on the home equity loan.

3. Paying Your Debts In The Correct Order Payoff Debt Calculator

Generally speaking you should attempt to pay off debts with the highest interest rate first. This payoff debt calculator allows you to enter up to twenty different debts with their associated APRs(annual percentage rates), and the total amount you want to spend per month servicing your debts. The payoff calculator will work out the order in which you should pay the debts and the monthly payment you should send to each.

4. Credit Card Repayment Calculator

This payoff debt calculator will compare the results of using different payoff strategies, such as paying off credit cards with the highest rate first, or cards with the lowest balance first.

5. Debt Consolidation Calculator

This web site has several payoff debt calculators as well as an entire section devoted to do-it-yourself debt settlement.

6. Mortgage Debt - Early Payoff Calculator

This payoff mortgage debt calculator produces a great graph that shows you how quickly you can payoff your mortgage by making extra mortgage payments.

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