Roll-Down Your Credit Card Debt
Use the roll-down method to accelerate credit card payoff by rolling freed payments into the next debt.
- Methods explained
- Save scenarios
- Compare saved scenarios
- Chart
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Roll-Down Settings
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When one card is paid off, its payment rolls to the next target card.
Roll-Down Results
Total Payoff Time25
Total Interest Paid$2,030
Payoff Order
High Rate CardMonth 12
Medium Rate CardMonth 22
Low Rate CardMonth 25
First 12 Months Schedule
| Month | High Rate Card | Medium Rate Card | Low Rate Card |
|---|---|---|---|
| 1 | $2772 | $4929 | $1962 |
| 2 | $2540 | $4857 | $1923 |
| 3 | $2303 | $4784 | $1884 |
| 4 | $2061 | $4710 | $1844 |
| 5 | $1814 | $4634 | $1804 |
| 6 | $1562 | $4558 | $1764 |
| 7 | $1304 | $4480 | $1723 |
| 8 | $1041 | $4401 | $1681 |
| 9 | $773 | $4320 | $1640 |
| 10 | $499 | $4239 | $1597 |
| 11 | $220 | $4156 | $1555 |
| 12 | $0 | $4006 | $1511 |
How it works›
Model and assumptions. Accrues monthly interest, makes required payments and allocates the available extra budget using the selected payoff order. Freed payments roll into later debts where modeled. Rates and minimum-payment rules are held as entered; new borrowing, fees and lender changes can extend payoff.CFPB: money and debt worksheetsOpenStax: annuity formulas