Debt Reduction Calculator

http://www.vertex42.com/Calculators/debt-reduction-calculator.html

Balance Date:

7/1/2010

Creditor Information Table

Row
Creditor
Balance
1 master
7,500.00
2 scotia
29,000.00
3 herlay
18,000.00
4 td
28,500.00
5 td action
37,000.00
6 hypotheque 50%
118,000.00
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Total:
238,000.00

Monthly Payment
Initial Snowball
Strategy:
Creditors in
Pay-Off Order
master
herlay
scotia
td action
td
hypotheque 50%

2007 Vertex42 LLC

Rate
11.50%
5.75%
13.99%
3.50%
2.50%
2.55%

Payment
210.00
392.00
498.00
300.00
510.00
500.00

Custom
1
3
2
5
4
6

Interest-only
71.88
138.96
209.85
83.13
77.09
250.75
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Total:

2,410.00

2,500.00 .
$90.00
Custom - Lowest First 6

Original
Balance
7,500.00
18,000.00
29,000.00
37,000.00
28,500.00
118,000.00
-

Total Interest Paid:

Total Interest
Paid
941.54
4,143.01
4,291.25
2,661.94
3,631.52
18,298.76
-

Months to
Pay Off
18
30
43
53
60
99
-

Month Paid
Off
Jan-12
Jan-13
Feb-14
Dec-14
Jul-15
Oct-18

33,968.02 (Lower is Better)

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Balance AFTER Payment

master

herlay
7500.00
7271.88
7041.57
6809.05
6574.30
6337.30
6098.03
5856.47
5612.59
5366.38
5117.81
4866.86
4613.50
4357.71
4099.47
3838.76
3575.55
3309.82
-

18000.00
17711.85
17420.34
17125.43
16827.08
16525.26
16219.92
15911.02
15598.52
15282.37
14962.54
14638.98
14311.65
13980.50
13645.49
13306.57
12963.70
12616.84
10397.47
9720.69
9036.02
8343.36
7642.63
6933.73
6216.57
5491.04
4757.06
4014.52
3263.32
2503.36
-

scotia
29000.00
28746.96
28492.71
28237.24
27980.54
27722.61
27463.45
27203.05
26941.40
26678.49
26414.32
26148.89
25882.19
25614.21
25344.94
25074.38
24802.53
24529.38
24254.92
23979.14
23702.04
23423.61
23143.85
22862.75
22580.30
22296.50
22011.34
21724.81
21436.91
21147.63
17891.51
16787.24
15677.68
14562.80
13442.58
12316.99
11186.01
10049.61
8907.76
7760.44
6607.63
5449.29
83.40
-

td action
37000.00
36567.08
36133.26
35698.54
35262.91
34826.37
34388.92
33950.56
33511.29
33071.11
32630.01
32187.99
31745.05
31301.19
30856.40
30410.68
29964.04
29516.47
29067.96
28618.52
28168.14
27716.82
27264.56
26811.36
26357.22
25902.13
25446.09
24989.10
24531.16
24072.27
23612.42
23151.61
22689.84
22227.11
21763.42
21298.76
20833.13
20366.53
19898.96
19430.42
18960.90
18490.40
18018.92
16440.26
14774.51
13105.29
11432.59
9756.41
8076.74
6393.57
4706.89
3016.70
1322.98
-

td
28500.00
28283.13
28065.62
27847.48
27628.70
27409.28
27189.22
26968.52
26747.18
26525.19
26302.56
26079.28
25855.34
25630.75
25405.51
25179.61
24953.05
24725.83
24497.95
24269.40
24040.19
23810.31
23579.76
23348.53
23116.63
22884.05
22650.80
22416.86
22182.24
21946.94
21710.95
21474.27
21236.90
20998.84
20760.09
20520.64
20280.49
20039.64
19798.09
19555.83
19312.87
19069.20
18824.82
18579.73
18333.92
18087.39
17840.14
17592.17
17343.48
17094.07
16843.93
16593.06
16341.46
15714.86
10460.70
8491.21
6515.98
4534.98
2548.21
555.64
-

hypotheque 50%
118000.00
117750.75
117500.97
117250.66
116999.82
116748.44
116496.53
116244.09
115991.11
115737.59
115483.53
115228.93
114973.79
114718.11
114461.89
114205.12
113947.81
113689.95
113431.54
113172.58
112913.07
112653.01
112392.40
112131.23
111869.51
111607.23
111344.40
111081.01
110817.06
110552.55
110287.47
110021.83
109755.63
109488.86
109221.52
108953.62
108685.15
108416.11
108146.49
107876.30
107605.54
107334.20
107062.29
106789.80
106516.73
106243.08
105968.85
105694.03
105418.63
105142.64
104866.07
104588.91
104311.16
104032.82
103753.89
103474.37
103194.25
102913.54
102632.23
102350.32
100625.07
98338.90
96047.87

Balance AFTER Payment

master

herlay
-

scotia
-

td action
-

td
-

hypotheque 50%
93751.97
91451.19
89145.52
83834.95
81513.10
79186.32
76854.59
74517.91
72176.26
69829.63
67478.02
65121.41
62759.79
60393.15
58021.49
52644.79
50256.66
47863.46
45465.17
43061.78
40653.29
38239.68
35820.94
33397.06
30968.03
28533.84
26094.47
20649.92
18193.80
15732.46
13265.89
10794.08
8317.02
5834.69
3347.09
854.20
-

Balance AFTER Payment

master

herlay
-

scotia
-

td action
-

td
-

hypotheque 50%
-

Snowball Growth Chart

$6,000.00

Snowball

Interest Due

$5,000.00

$4,000.00

$3,000.00

$2,000.00

$1,000.00

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