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Updated 12 months ago on . Most recent reply

User Stats

53
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23
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James Bausch
  • Real Estate Agent
  • Warsaw, IN
23
Votes |
53
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Mortgage Debt Avalanche Calculator

James Bausch
  • Real Estate Agent
  • Warsaw, IN
Posted

I know I'll get "beat up" here on BP for even suggesting paying everything off :) but I'm at the point where I'm ready to stop scaling (for now) and have everything paid off.

I'm really struggling to find an Avalanche Debt Payoff Calculator for mortgages.
Everything I find is just for general consumer debt.  Am I wrong to think that I need a mortgage calculator due to amortization schedules?
Where can I find a calculator for this?

Most Popular Reply

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7,642
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9,522
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
9,522
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7,642
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Bill B.#3 1031 Exchanges Contributor
  • Investor
  • Las Vegas, NV
Replied

Print out an amortization table. Add the principle for the next payment and you save that payment. (You save the interest and 1 month on the term.)


you can of course add multiple principle amounts. 

Ps. If you have multiple loans the ones with the most months remaining will cost the least and save the most. 

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