What's inside
5 sheets. Pre-built formulas. Works in Excel and Google Sheets.
START HERE
Debt Inputs
Results
Schedule
About
B
C
D
E
5
Monthly Income
$4,200
6
% Toward Debt
20.0%
9
Extra Payment
=MAX(0,C7-C8)
14
Debt Name
Balance
APR
Min. Pmt
15
Credit Card 1
$4,800
22.99%
$120
16
Credit Card 2
$2,200
18.99%
$55
17
Personal Loan
$7,500
11.50%
$180
25
TOTALS
=SUM(C15:C24)
=SUM(E15:E24)
✓
Avalanche & Snowball — pick your strategy from a dropdown, see results instantly
✓
Income-based contribution — set a % of your paycheck, the extra payment calculates itself
✓
Up to 10 debts — credit cards, personal loans, any revolving unsecured debt
✓
Month-by-month schedule — 120 months of total balance and cumulative interest
✓
Interest saved calculation: shows an estimate of what the extra payment is worth in dollars
✓
Works in Excel and Google Sheets — no macros required, no special software
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Lorica_Debt_Payoff_Calculator.xlsx
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.xlsx file · Works in Excel & Google Sheets
← Try the live web calculator instead
← Try the live web calculator instead