Analyze how to retire debt faster by determining what your payment is now and then how you can make additional payments to accelerate payoff. You can calculate how long it will take to pay off your highest interest rate debt or the smallest debt amount first. Then reapply the amount you HAD been paying for that first debt to the next highest debt, and so on. You'll soon create an accelerating snowball effect that retires your debt faster.
The calculator will sort the debts for you when completing the analysis. You can also enter any extra amount to the total payment to accelerate debt payoff even further.
It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. This service shall not infer that company assumes any fiduciary duties. In addition, such service should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results. These are hypothetical examples for illustrative purposes only, and may not be used to project or predict results.
Securian Financial Group, Inc.
Insurance products are issued by Minnesota Life Insurance Company in all states except New York. In New York, products are issued by Securian Life Insurance Company, a New York authorized insurer. Minnesota Life is not an authorized New York insurer and does not do insurance business in New York. Both companies are headquartered in St. Paul, MN. Product availability and features may vary by state. Each insurer is solely responsible for the financial obligations under the policies or contracts it issues.
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F68479 Rev 6-2016