Calculate your timeline to zero liability and optimize your repayment velocity.
Standard Repayment Time:
Accelerated Repayment Time:
Time Saved:
Total Fee Reduction (Interest Saved):
Mastering Your Debt Elimination Strategy
Achieving total financial freedom requires more than just making the minimum payments. It requires a mathematical approach to liability reduction. This tool helps you visualize how even small "Monthly Pushes" can drastically shorten your journey to a zero-balance status.
The Cost of Borrowed Capital
Every dollar you owe carries a "Yearly Finance Charge." When you pay only the baseline installment, a significant portion of your capital is consumed by these fees rather than reducing the actual principal liability. By increasing your monthly contribution, you ensure more funds are directed toward the core balance, triggering a compounding effect in your favor.
Strategic Repayment Methodologies
The High-Fee Prioritization (Avalanche): Focus all extra capital on the liability with the highest Annual Percentage Fee. Mathematically, this minimizes the total cost of borrowing.
The Volume Velocity (Snowball): Focus on the smallest liability first. While potentially more expensive in fees, this builds psychological momentum through quick wins.
Fixed-Term Liquidation: Determining exactly how much capital is required monthly to reach a zero-balance within a specific number of years.
Practical Example
Consider a total liability of $10,000 with a 20% annual fee. If your baseline payment is $250, it will take approximately 66 months to clear the debt, costing you over $6,400 in fees. By adding a $150 "Extra Push" (totaling $400/month), the timeline drops to 32 months, and the total fee cost falls to approximately $2,800. You save 34 months of your life and $3,600 in capital.
function performDebtCalculation() {
var principal = parseFloat(document.getElementById('totalLiability').value);
var annualRate = parseFloat(document.getElementById('annualFee').value);
var monthlyBase = parseFloat(document.getElementById('basePayment').value);
var extraMonthly = parseFloat(document.getElementById('extraPush').value) || 0;
if (isNaN(principal) || isNaN(annualRate) || isNaN(monthlyBase) || principal <= 0) {
alert("Please enter valid positive numbers for balance, fees, and baseline payments.");
return;
}
var monthlyRate = (annualRate / 100) / 12;
var monthlyAccrual = principal * monthlyRate;
if (monthlyBase 0) output += years + " yr" + (years > 1 ? "s " : " ");
output += remainingMonths + " mo" + (remainingMonths !== 1 ? "s" : "");
return output;
}
document.getElementById('standardTime').innerText = formatTime(monthsStandard);
document.getElementById('acceleratedTime').innerText = formatTime(monthsAccelerated);
var savedMonths = monthsStandard – monthsAccelerated;
document.getElementById('timeSaved').innerText = formatTime(savedMonths);
var savedInterest = totalInterestStandard – totalInterestAccelerated;
document.getElementById('interestSaved').innerText = "$" + savedInterest.toLocaleString(undefined, {minimumFractionDigits: 2, maximumFractionDigits: 2});
document.getElementById('debtResults').style.display = 'block';
}
function calculateMonths(p, r, m) {
// Formula: n = -log(1 – (r*p)/m) / log(1 + r)
var numerator = Math.log(1 – (r * p) / m);
var denominator = Math.log(1 + r);
return -(numerator / denominator);
}