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Portfolio Rebalancer
Debt Paydown Optimizer
Macro
Sherpa
Debt Input
1. Select debt type.
Amortizing
(eg. mortgage, student loans)
Revolving
(eg. credit card, HELOC)
2. Add Debts.
Calculating...
How to Use the Debt Payoff Calculator
1. Select debt type:
- Amortizing
(eg. mortgage, student loans, auto note, SBA loans, medical debt, personal loans, etc.)
- Revolving
(eg. credit card, home equity line of credit (HELOC), etc.)
2. Input the relevant required characteristics for the debt:
- Label
- Interest Rate
- Principal amount outstanding
- Duration of the loan
(amortizing only)
- Prepayment amount
(optional)
4. Click
Calculate Payoff
. 💸
5. Repeat steps 1-4 to add all your debts to the visualization.
6. Input your total assets and monthly income to calculate your Household Leverage Ratio (HLR) and Debt Service Ratio (DSR aka as Debt-to-income/DTI).
7. Generate your personalized debt Avalanche or Snowball plan (requires more than one debt).
8.
Deep breath.
You know what they say about how to eat an 🐘...